Edelweiss Capital all set to enter Indian mutual fund space

Edelweiss Capital today announced that it has been granted the required registration by SEBI to start its mutual fund business. In a filing with the Bombay stock exchange, the company revealed that registration was granted to Edelweiss Mutual Fund with Edelweiss Asset Management acting as the investment manager .

EAM plans to lauch nine mutual fund products in 2008 to include equity funds, arbitrage funds, structured products, fixed income funds and innovative equity funds.

Edelweiss Capital shares shot up by 4% on BSE on this announcement.