Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life ESG Fund, an open-ended equity scheme investing in companies following environment, social & governance (ESG) theme.
Aditya Birla Sun Life Mutual Fund has partnered with ESG research provider ‘Sustainalytics’ for ESG scores and ratings which will be the filter for defining the investment universe. The fund will be market cap agnostic.
In a press release, A. Balasubramanian, MD & CEO, Aditya Birla Sun Life Mutual Fund said, “ESG concept is at a very nascent stage in India and is widely unexplored, though it is an established theme globally. With the Indian government too emphasising its ESG focus recently and global flows into ESG focused sectors and companies seeing consistent increase, there is potential for this theme to play out secularly.”
