Edelweiss Financial Services, India's leading diversified financial services company, today announced its tie-up with AccuraCap, a new breed of technology driven fund management company, for raising Rs 5 billion for their long-only large cap and mid/small cap schemes.

The funds will be raised from high networth individuals, family offices and domestic institutions and will be allocated through big data and behavioural analytics. This fund is Morningstar reviewed and has not only outperformed the average peer in all trailing periods, but has beaten the top performers in most periods.

Anshu Kapoor, head, Private Wealth Management, Edelweiss Financial Services, said, "Initially Accuracap was running the fund internally for over five years with their proprietary money and in that phase itself, the fund beat most of the traditional fund houses and portfolio management services. When compared with the benchmark, the strategy outperforms both in terms of risk and return."