ESG Funds Becoming Popular in India
- Posted By
10Pointer
- Categories
Economy
- Published
10th Oct, 2020
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- ESG is a combination of three words – Environment, Social and Governance.
- It is a mutual fund.
- It focuses on sustainable investing or socially responsible investing.
- The ESG fund invest in companies with environment-friendly practices, ethical business practices and an employee-friendly record while other funds don’t.
- The fund is regulated by Securities and Exchange Board of India (SEBI).
- Last year, SBI Mutual Fund renamed SBI Magnum Equity Fund to SBI Magnum Equity ESG Fund and launched the first ESG mutual fund in India.
