Stable fees, volatile earnings: What investors should know about EAAA IPO

The IPO of Edelweiss Alternatives Asset Allocation (EAAA) offers investors exposure to private credit and real assets, with ₹1,200 crore up for grabs. While the fund has seen strong growth in fee-paying assets under management (AUM), investors should consider the performance-linked earnings volatility and the high FY26 P/E ratio of 40.6 times.