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ESG Funds Becoming Popular in India

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    10th Oct, 2020
  • 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.

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