There is an issue with MS Edge browser which is causing this performance problem. We have opened a support case with Microsoft for this problem. After working back and forth with them here is the final update we have received:
"We have received update from Product group regarding on this BUG . They have taken decision not to proceed further to fix this issue since affected browser component that we are looking is going to be replaced soon.
I understand your concern, but most of these issue will be fixed in new browser component. As of now we are closing this incident as BUG and non-decremented."
So for now we have no choice than live with this performance issue with Edge browser