Edelweiss approved to launch products in India

Indian investment bank Edelweiss Capital has received regulatory approval from the Securities and Exchange Board of India (Sebi) to begin operating its mutual fund business. The registration, which has been granted to Edelweiss Mutual Fund and for Edelweiss' asset management arm to act as investment manager to the fund, will allow the bank to launch and distribute structured products to local investors.

The product portfolio covered under the asset management arm comprises structured products

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