Edelweiss's fund managers took direct control of interns that they felt were the right fit for the individual teams. I enjoyed this because, despite being an incredibly busy workplace, sufficient attention was given to interns who put an effort to keep up with their teams and assigned analysis/tasks. We had weekly lectures on arbitrage, value investing, quantitative trading and corporate finance, hence even during downtime at work you will have problem sets to work on, texts to read and you will feel compelled to keep up with Indian markets.
What I wish was different
Nothing. Perhaps more attention given during market hours but like I said if you follow up regularly you will know what you are meant to be working on.
Advice
The first two weeks are critical. Meeting as many fund managers, analysts and associates as possible will not only allow you to realize the host of potential investing theses/experiences that are part of the multi-strategy funds floor but also allow co-workers to gauge your own abilities and 'fit' as it were, allowing you to get work faster.