Edelweiss Financial Services looks to sell minority stake in MF unit

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Edelweiss Financial Services looks to sell minority stake in MF unit - Business Standard

Quick Summary:

Most of the fund house's AUM is on the debt side, with Bharat Bond exchange-traded funds (ETFs) accounting for a large part of it.

However, the deals have mostly involved complete acquisitions or majority stake sales, with IndusInd Holdings' acquisition of a 60 per cent stake in Invesco AMC being the latest.

The share of debt funds, which stood at 74 per cent at the end of FY 2023, declined to 65 per cent by March 2024.