Edelweiss Mutual Fund (Edelweiss MF) has received a major strategic boost with WestBridge Capital acquiring a 15% stake for ₹450 crore, as announced by Edelweiss Financial Services Limited (EFSL). Radhika Gupta, MD & CEO of Edelweiss MF, called the deal a strong endorsement of the company’s growth and future vision. She highlighted that Edelweiss MF’s rapid rise has been driven by strong fund performance, product innovation, and expanded distribution, and sees WestBridge as a valuable long-term partner to accelerate future growth.
Edelweiss MF now manages ₹1.52 lakh crore in assets as of June 30, 2025, growing at a 44% CAGR over five years. Its equity AUM stands at ₹72,600 crore, with a PAT of ₹53 crore in FY25 and ₹28 crore in Q1 FY26. Over a decade, the firm has risen from 36th to 13th place among Indian mutual funds.
EFSL Chairman Rashesh Shah called the deal timely and value-enhancing, aligning with a 57x P/E valuation. The agreement, pending regulatory approvals, was advised by Nomura, with Khaitan & Co. and Trilegal handling legal matters for the respective parties.