Edelweiss Wealth Management is targeting to raise Rs 1,000 crore from domestic investors for its maiden equity-focused alternate investment fund (AIF), according to persons in the know. The fundraising, which comes amid a strong rally in the markets that has led to concerns overvaluation, will take about 6-9 months, and the company will target high-networth individuals (HNIs), family offices and institutional investors for investment commitments, the sources said. When contacted, Edelweiss declined to comment. The sources in the know said the company is targeting to raise over Rs 1,000 crore in the Edelweiss Dynamic Growth Equity (EDGE) Fund and raise more money based on the performance. Over the next few months, it plans to go overseas for widening its asset under management pool through the AIF.