ESG-focused investing has been present in India for a while. White Oak Capital Mutual Fund recently launched the ESG Best-in-class Strategy Fund for subscription.
"ESG is a structured and superior method for measuring the sustainability of companies by identifying risks hidden in a companys operations. It has a material impact on a firm's valuation," says Chirag Mehta, chief investment officer, Quantum Mutual Fund. On September 30, 10 ESG schemes managed assets worth ₹12,079 crore. Of these, Mirae Asset, Nifty 100, ESG Sector Leaders, Exchange-Traded Fund (ETF ) and its fund of funds (FOF) are passively managed schemes.
The sustainability pitch
Globally, regulators, rating agencies, and institutional investors have led the charge in promoting ESG investing.
This story is from the October 18, 2024 edition of Business Standard.
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This story is from the October 18, 2024 edition of Business Standard.
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