Mirae Asset Mutual Fund has launched two ESG focussed open ended passive funds - Mirae Asset ESG Sector Leader ETF and Mirae Asset ESG Sector Leader Fund of Fund.
While the ETF will track Nifty 100 ESG Sector Leaders TRI, the FoF will predominantly invest in the ETF. The index consists of companies which have scored well on the management of environmental, social and governance factors.
Bharti Sawant will manage both the funds.
In a press release, Swarup Mohanty, CEO, Mirae Asset MF said, “ESG investing has gained popularity in global markets in the last few years because of its values-led investment philosophy, which has delivered good returns with positive impact on the society.”
