Edelweiss reports 362% growth in client base in MP

Indore, 29th March 2022: Edelweiss Personal Wealth, the Wealth Management arm of Edelweiss Wealth Management (that caters to the needs of HNI and affluent clients), today announced that they have reported a 362% jump in client base in MP, while inaugurating the Indore branch located at M G Road, Near Treasure Mall which is shifted from D M Tower, Race Course Road. The newly inaugurated branch will ensure the ease of access to the large customer base of Indore to meet with relationship managers and understand the investment plan customised to their financial and servicing needs

The company’s growth is attributed primarily to the customized and unbiased research backed by recommendations provided to investors through user-friendly and advanced technology platforms that have been developed in-house, to enable easy investment and trading in the financial market.

Edelweiss Mobile Trader (EMT) application has clocked over 1 million + downloads. It has also shown a significant increase in numbers for Indore and Madhya Pradesh in comparison to the rest of India. The growth of investors leveraging the EMT application has been 80% Y-O-Y in Indore and 65% in Madhya Pradesh Y-O-Y basis internal analysis as compared to a44% for India.(Basis in house mobile trader google analytics)

Speaking at the inauguration. Mr. Rahul Jain, President & Head – Edelweiss, Personal Wealth Management said, “The dynamic nature of wealth management has been accentuated through digitisation and financialisation of savings in the last decade. With different profiles of investors now joining the trading domain on as easy to access mobile applications like EMT. This has resulted in a record number of Demat accounts being opened in the past 3 years. With clients seeking different ways of investment avenues, our Wealth Management business in Indore, MP has seen a significant jump in business and client base across the state, we expect to increase client base by 500% in the state of Madhya Pradesh in FY 23”.

Updates on Edelweiss Mobile Trader (EMT)

• Paperless IPO facility in Equity and NCD for both customers and non-customers of Edelweiss.
• Screeners which allow users to filter out stocks fitting certain quantitative or qualitative criteria. This is used extensively by the trader community to get stock ideas based on certain pre-defined metrics.
• Live news section with personalization built in, allowing users to get updates on results, happenings, events which impact a company in their Watch list or Portfolio.