Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: October 15, 20212021-10-15T21:05:53+05:30 2021-10-15T21:05:53+05:30In: Economics What is ESG Funds Becoming Popular in India? ESG Funds Becoming Popular in India. current affairsgrowth Share Facebook 1 Answer Recent 0 Questions 518 Answers 176 Best Answers 0 Points View Profile [Deleted User] 2021-10-15T21:09:39+05:30Added an answer on October 15, 2021 at 9:09 pm Context: The changing focus towards climate change and sustainability is going to alter our investment decisions too. Owing to this, the concept of ESG Funds is becoming popular in India. About: 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 invests in companies with environment-friendly practices, ethical business practices, and an employee-friendly record while other funds don’t. The fund is regulated by the 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. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is Pathalgadi? What is Bodo Accord?
The changing focus towards climate change and sustainability is going to alter our investment decisions too. Owing to this, the concept of ESG Funds is becoming popular in India.