Edelweiss Mutual Fund Review


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Edelweiss Broking Ltd is a stock brokerage firm providing trading and investment services in equity, derivatives, currencies, mutual funds, gold ETFs, and IPOs. The company has more than two decades of experience in serving investors with various financial products and services. Edelweiss offers mutual funds through Edelweiss Broking Ltd. and Edelweiss Asset Management Limited (EAML). Customers can buy direct mutual fund schemes (only of Edelweiss) from EAML while Edelweiss Broking offers regular mutual funds from more than 40 fund houses.

Edelweiss MF offers different mutual funds across equity, debt, hybrid, and ETFs to match with the specific financial needs of the investors.

Features of Edelweiss Mutual Fund

  • Offers both regular and direct mutual funds (only of Edelweiss)
  • Multiple in-house mutual fund schemes to invest across different sectors
  • Offers schemes from more than 40 fund house through a single platform
  • Start your mutual fund investment with as low as ₹500
  • Specific goal-based schemes such as Edelweiss Retirement Plan with life stage based asset allocation
  • Offer a Systematic Transfer Plan where you can transfer investment periodically from one scheme to another
  • Edelweiss Mutual Fund offers Power STP as a unique feature to switch the schemes at the perfect time

Edelweiss Mutual Fund Online Charges

Edelweiss Mutual Fund Charges

Edelweiss Account Opening Charges

Nil

Edelweiss Mutual Fund AMC Fees

Nil

Edelweiss Mutual Fund Brokerage Charges

Nil

Edelweiss Mutual Fund Commission

1.5% to 2% for regular mutual funds

Edelweiss Mutual Fund Demat Charges

₹500 (2nd Year Onwards)



Other Charges

 

Edelweiss Mutual Fund Account Opening Process

Opening a mutual fund account with the Edelweiss Asset Management company depends on whether you want to invest only in an in-house mutual fund or other mutual funds as well. Both have a separate process to start investing in mutual funds. When you want to invest in Edelweiss Mutual Fund direct scheme, you need to-

  • Visit EAML's website www.edelweissmf.com and click on invest now.
  • Enter PAN number
  • Enter OTP/password
  • If you're already KYC (Know Your Customer) compliant then the system will pull all the information and an account will be created.
  • If you're not KYC compliant then a 'KYC details not found' window will appear on your screen
  • Fill the details and user name will be created by default. Click 'Continue'.
  • Upload scanned copies of identity proof, and address proof, check the details generated from the OCR and correct them if required.
  • Upload a cancelled cheque, check the consent box to credit the account for verification. Check SMS sent by your bank for the credited amount and enter the 'amount' and click verify.
  • Enter personal information, check on various declarations and upload your signature.
  • Activate your device's camera for photo capture
  • Activate your device's camera for video verification. Hold your PAN card in front of the camera with your face clearly visible on the screen and read the digits that appear on the screen.
  • E-sign with the signature uploaded.
  • Review and confirm.

For investing in mutual funds offered from different fund houses with Edelweiss Broking Limited, you need to open a trading and demat account with the broker. This account can also be used to invest in various other segments like equity, derivatives etc.

Steps to open Edelweiss Mutual Fund Account online

  • Visit 'Open an Account' tab on the website or mobile app
  • Mention your mail id, PAN number, and DOB for KRA verification
  • Add the personal details
  • Enter the bank details
  • Choose a brokerage plan
  • Upload the documents
  • Complete In-person verification process

Edelweiss Asset Management Ltd also allows offline account opening facility which can be availed by visiting the bank branch and completing the process there. Edelweiss offers the same account to invest in equity, derivative, currency, and mutual funds. The status of holdings with Edelweiss can be checked in the 'holdings' section of your account.

Edelweiss SIP

Like many other fund houses and distributors, Edelweiss also provides mutual fund investing either through SIP or lump sum mode of investment. SIP is like recurring deposits where you invest a sum of money on a regular interval without being affected by the market conditions. Edelweiss Mutual Fund offers a power SIP feature that allows you to invest a pre-decided amount at the right time in the market.

Features of Edelweiss Mutual Fund SIP

  • Start investing in a SIP with as minimum as ₹500
  • Change the frequency of investment and amount any time
  • Use auto-debit option to invest in mutual fund SIP automatically
  • Offers different SIP plans such as power SIP, multi-goal SIP, and Top-up SIP
  • Invest in Edelweiss Mutual Fund SIP through the website or mobile app
  • Edelweiss Mutual Fund helps investors in calculating returns, SIP amount, and Tenure for a particular financial goal before starting investment.

Steps to use Edelweiss Mutual Fund Calculator

  • Select the SIP as an investment mode
  • Choose from growth or dividend plan
  • Select the Mutual Fund Scheme
  • Select date, investment amount, frequency, etc
  • Calculate the investment value and total returns

Edelweiss Mutual Fund Investment Platform

If you are an existing equity investor with Edelweiss broker, you can also invest in a mutual fund from the same account and investment platforms.

Edelweiss Mobile Trader

The app offers an investment opportunity to invest across equity, derivatives, commodity, and mutual funds. You can also track all your investments across different sections from one comprehensive section of the app.

Key Features of Edelweiss Mobile Trader

  • Create a watchlist and track the performance of the fund
  • View mutual fund recommendations
  • Get all latest market-related news in the app
  • Get information about upcoming, and about to come new fund offers
  • UPI transfer facility in a secure environment
  • Steps to Download Edelweiss Mutual Fund App
  • Visit the official website of Edelweiss
  • Click on Mobile Trader link available at the bottom of the page
  • Click on App Store or Google Play link
  • Click on install button and get it downloaded

TX3

TX3 is a desktop-based platform of Edelweiss. It is a free platform and can be accessed through the same login id and password provided by Edelweiss while opening the account.

Key Features of Edelweiss Mutual Fund Desktop Platform

  • Allows investment across different segments from a single account
  • Check portfolio of your investment in real-time
  • Get technical and financial information with comprehensive market section
  • View recommendation offered by a dedicated research team at Edelweiss
  • Customize the workspace as you want

Steps to Download TX3

  • Visit Edelweiss official website
  • Click on TX3 available at the bottom of the page
  • Click on Download for Equities link
  • Get it on your desktop
  • Login with the user ID and password

Edelweiss Advantages

  • In-house mutual fund schemes
  • Offers mutual fund schemes from other fund houses as well
  • Investing in Edelweiss Mutual Fund Direct Scheme is just a 2 step process
  • Doesn't charge account opening and brokerage for mutual fund
  • Offers Desktop and Mobile based investment platform
  • Allows investment across different categories through a single account

Edelweiss Disadvantages

  • Doesn't offer a dedicated investment platform for regular mutual fund
  • Charges commissions on schemes offered by other fund houses
  • You need to open a trading and demat account for investing in Edelweiss mutual fund regular schemes

Edelweiss Mutual Fund Customer Care

Edelweiss Mutual Fund offers dedicated customer care support. You can contact customer support on 1800 425 0090 (toll free number) or +91-40-23001181 (Non-toll free number). Investors can also mail at emfhelp@edelweissfin.com for any mutual fund related queries. For trading and demat account opening for mutual fund investments, you can call on 1800 102 3335 or mail at helpdesk@edelweiss.in.

Conclusion

Edelweiss offers the opportunity to invest in direct mutual fund schemes of edelweiss AMC and regular schemes from more than 40 fund houses. If you want to invest in Edelweiss Mutual Funds, then edelweissmf.com is the best platform to invest as you are investing directly with AMC and will save on commissions. You also have a choice to invest in schemes of other mutual fund houses. However, you need to open a trading & demat account and also have to pay commissions.

Edelweiss Special Offer

Edelweiss Lite (Discount Brokerage Plan) + Free Trading & Demat Account (for limited time only)

Edelweiss offers FREE Trading + Demat Account. Get a discount trading plan offering trading @ ₹10 per order flat rate. Save over 60% on brokerage in comparison of other full-service brokers.

This is a limited time offer. Simply leave your contact information with us and Edelweiss representatives will contact you.

Frequently Asked Questions

  1. 1. How to invest in Edelweiss Mutual Fund Online?

    Edelweiss offers mutual fund schemes from many popular AMCs including Axis, SBI, Franklin Templeton and SBI etc. You can invest in mutual funds online using any of the trading platforms offered by the company. Both Lumpsum and SIP investment options are available.

    Steps to invest in Edelweiss Mutual Funds

    1. Login to the Edelweiss website or Mobile App.
    2. Go to the 'Self Investing' tab on top.
    3. Search for the Mutual Fund you would like to invest in.
    4. Click on 'Start SIP' or 'Make One-Time Investment' button.
    5. On the 'Place Order' screen enter Amount, Order Type (SIP/Lumpsum), Start date etc.
    6. Click 'Place Order'.
    7. Review and confirm the order
    8. Go to 'order book' to check the status of your order

    Note:

    • In the case of SIP, 1st installment is taken immediately. The next investment will get executed as per schedule.
    • The mutual fund units will be credited to your demat account.

     

     

  2. 2. How to redeem Edelweiss Mutual Fund?

    You can redeem your Edelweiss mutual funds online by login into its website or mobile app. There is an option available for full or partial redemption.

    Steps to redeem Edelweiss Mutual Funds

    1. Login to the Edelweiss website or Mobile App.
    2. In the top right, click on 'Buy/Sell' > 'See Holdings'.
    3. Click on the 'Mutual Funds' tab.
    4. Click on the scheme you want to redeem and click 'Redeem'.
    5. On the order page, enter order details like Quantity.
    6. Review and confirm the order.

    Note:

    • The redemption amount will be credited to your linked bank account in 2 to 3 days.
    • Some mutual funds like ELSS & tax saving schemes have a mandatory lock-in period. You cannot redeem those schemes before the lockin period.

     

     

  3. 3. How to start Edelweiss Mutual Fund SIP online?

    Edelweiss offers online Mutual Fund SIP investment through its mobile app and website. Customers can start, modify or cancel the SIP at any time by submitting an online request.

    Steps to start SIP in Edelweiss

    1. Login to the Edelweiss website or mobile app.
    2. Click on 'Buy / Sell' in the top right.
    3. Click on 'Place Order'.
    4. Enter the Mutual Fund name in the search bar.
    5. Click on the 'Purchase' button.
    6. Click on the 'Recurring (SIP)' tab.
    7. Enter 'No. of Units' or 'Amount'.
    8. Enter 'Frequency, Start Date and Total Period in Months'.
    9. Click on the "Place Order" button.
    10. Review and confirm your order.
    11. Check your order status in the order book.

     

     

  4. 4. How to invest in Edelweiss Mutual Fund?

    If you want to invest in direct Edelweiss Mutual Fund and are KYC compliant then you can visit Edelweissmf.com, open an account and get started. If you're not KYC compliant then you need to register for KYC online and after that, you can invest with Edelweiss.

    For investing in regular mutual funds, you need to-

    • Open an Edelweiss trading & demat account
    • Login to TX3 (desktop platform) or Edelweiss Mobile Trader (Mobile App)
    • Transfer funds into MF account
    • Choose the scheme, payment mode, frequency etc.

     

     

Contact Edelweiss / Request Call Back

[Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account. Request a Callback.

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Information on this page was last updated on Sunday, June 21, 2020


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