Edelweiss Asset Management reports record Rs 10,800 crore inflows

In Q2FY27, Edelweiss Asset Management recorded its highest-ever quarterly net equity inflows of Rs 10,800 crore, while profit after tax rose to Rs 37 crore from Rs 17 crore a year earlier. Equity assets under management reached Rs 1,07,600 crore at September, up 40% year on year.

What did the mutual fund business report in Q2FY27?

The mutual fund business reported Rs 1,83,200 crore of total assets under management (AUM), Rs 1,07,600 crore of equity AUM and a Rs 618 crore systematic investment plan (SIP) book in Q2FY27. It also reported 43 lakh retail folios and Rs 10,800 crore of net equity inflows, which management described as the highest ever in a quarter.

Total AUM grew 18% year on year to Rs 1,83,200 crore, while equity AUM increased 40% to Rs 1,07,600 crore. Net equity inflows were 2.5 times the prior-year level, according to the presentation, although it did not provide the prior-year rupee amount or split the AUM change between market movement and net subscriptions.

The financial snapshot reported Rs 113 crore of revenue, Rs 65 crore of operating expenditure (Opex) and Rs 37 crore of profit after tax (PAT) for Q2FY27. It also listed equity of Rs 267 crore at September, compared with Rs 243 crore in Q2FY26, without further defining the equity line item.

How did the mutual fund business's assets change year on year?

The mutual fund business increased total AUM by Rs 28,600 crore to Rs 1,83,200 crore in Q2FY27 from Rs 1,54,600 crore in Q2FY26. Equity AUM increased by Rs 30,500 crore to Rs 1,07,600 crore from Rs 77,100 crore over the same comparison, outpacing the 18% reported growth rate for total AUM.

The September series shows that equity AUM had expanded before Q2FY27. It rose from Rs 59,400 crore in Sep 24 to Rs 77,100 crore in Sep 25, then to Rs 1,07,600 crore in Sep 26. The Rs 30,500 crore increase in the latest year was larger than the Rs 17,700 crore increase between Sep 24 and Sep 25.

The presentation calls the Rs 10,800 crore quarterly net equity inflow figure a record and says it was 2.5 times year on year. It does not disclose the exact Q2FY26 inflow, an average-AUM figure, or the part of the equity-AUM increase attributable to investment returns rather than subscriptions.

How did the mutual fund business's revenue and profit change?

The mutual fund business's revenue rose to Rs 113 crore in Q2FY27 from Rs 71 crore in Q2FY26, while PAT rose to Rs 37 crore from Rs 17 crore. Revenue increased by Rs 42 crore and PAT increased by Rs 20 crore, taking quarterly profit to more than twice its prior-year level.

Opex increased by Rs 15 crore to Rs 65 crore from Rs 50 crore during the same period. The revenue increase exceeded the rise in Opex in absolute rupees, while the reported PAT outcome was Rs 37 crore; the presentation does not give a separate explanation for either the revenue growth or the expense movement.

The financial increase coincided with a Rs 28,600 crore year-on-year rise in total AUM and a Rs 30,500 crore increase in equity AUM. These figures show concurrent asset and earnings growth, but the presentation does not disclose average AUM, management-fee yields or a calculation linking AUM directly to revenue.

What do the SIP book and folio figures show?

The mutual fund business's SIP book grew 26% year on year to Rs 618 crore in Q2FY27, from Rs 490 crore at Sep 25. The book was Rs 312 crore at Sep 24, so it increased by Rs 306 crore over the two-year September period shown in the presentation.

The presentation's active-folio series rose from 20 lakh in Sep 24 to 30 lakh in Sep 25 and 43 lakh in Sep 26. That was an addition of 13 lakh active folios in the latest year, compared with an addition of 10 lakh in the preceding year; the Q2FY27 snapshot separately reports 43 lakh retail folios.

Equity AUM rose from Rs 59,400 crore in Sep 24 to Rs 1,07,600 crore in Sep 26, while the SIP book rose from Rs 312 crore to Rs 618 crore across those dates. The presentation supplies both customer-activity measures but does not state how much of the equity-AUM increase came from SIP contributions.

What product development did the mutual fund business disclose?

The mutual fund business disclosed the launch of Altiva Equity Long - Short SIF during Q2FY27 and reported SIF AUM of Rs 13,200 crore. The presentation does not expand SIF, provide a prior-period SIF-AUM figure or state the individual AUM of the newly launched product.

The product disclosure was reported alongside Rs 10,800 crore of net equity inflows and Rs 1,07,600 crore of equity AUM in Q2FY27. Management did not quantify the contribution of Altiva Equity Long - Short SIF to quarterly inflows, revenue of Rs 113 crore or PAT of Rs 37 crore.

The presentation places the Rs 13,200 crore SIF-AUM figure alongside the broader mutual fund snapshot, which includes total AUM of Rs 1,83,200 crore. It does not specify whether SIF AUM is included in total AUM, included in equity AUM or reported separately.

Conclusion

The mutual fund business combined record quarterly net equity inflows of Rs 10,800 crore with 40% year-on-year equity-AUM growth and PAT of Rs 37 crore, compared with Rs 17 crore a year earlier. Revenue increased to Rs 113 crore while Opex rose to Rs 65 crore, and the SIP book reached Rs 618 crore as the active-folio series reached 43 lakh at Sep 26.

The next disclosures to watch are whether net equity inflows maintain their 2.5-times year-on-year pace and whether the SIP book continues to grow from Rs 618 crore. The presentation also leaves unresolved the definition of SIF and whether its Rs 13,200 crore of AUM is included in total or equity AUM, which future reporting may clarify.