Edelweiss Capital, one of the leading financial services company, has received the final regulatory approval from the market regulator, Securities and Exchanges Board of India (Sebi), to start its mutual fund business.

The registration has been granted to Edelweiss Mutual Fund and approval has been granted for Edelweiss Asset Management, to act as investment manager to Edelweiss Mutual Fund.

Edelweiss Asset Management plans to launch 8-9 products over the next 12 months. The product portfolio will include broad based equity funds, structured products, arbitrage funds, ETFs and other innovative fixed income and equity funds in line with the requirements of the market.

As per the data available till March 5 this year, the company runs its operations from 43 offices in 19 Indian cities.