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February 15, 2022

Edelweiss Asset Management rolls out mutual fund investing app

Edelweiss Asset Management has introduced a mutual fund investing mobile app to help investors manage their financial transactions, reported LiveMint.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Dubbed eInvest, the app features a mutual fund savings account called Insta Money having an instant withdrawal facility to the registered bank account.

The app will also allow users to purchase transaction in any fund, redeem, begin a systematic investment plan (SIP), and track transaction status at all times.

In addition, eInvest will help investors analyse fund details, including fund performance, portfolio holdings, important risk parameters.

It also comes with features that will help users track portfolio value, growth and compare with market movement over a time duration.

“The app will provide easy access to SIP investments, fund information for investors to weigh, understand and ascertain a good option of investment available to them,” Edelweiss’ press statement reads.

In recent times, the practice of investing in mutual funds via digital wallets is gaining ground.

With Insta Money, Edelweiss aims to help investors make instant investment while providing them with the option to redeem the same amount in case of an emergency.

Edelweiss Asset Management CEO Radhika Gupta said: “People are getting inclined towards investing in mutual funds more confidently than they were 10 years ago. Technology has made it possible to take the industry to the next level.

“As we embark upon our digital transformation journey our mobile app launch is another step in that journey. The app is designed to bring greater convenience for mutual fund investors to access their investment from anywhere at any time with speed and ease.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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