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Quantum Mutual Fund has launched Quantum Ethical Fund an open-ended equity scheme following the investment principles of ethical standards.
Ethical investing aims to help investors align their investments to their views. In this case, the fund will invest in companies meeting ethical sets of principles that fall under Shariah Law, Jainism and other ethical standards. The scheme will exclude sectors such as alcohol, gambling, tobacco, weapons and defense, media-broadcasting among other sectors that are deemed unethical to investors who practice Shariah law or Jainism.
In a press release, Chirag Mehta, CIO & Fund Manager – Quantum MF, said, “The Quantum Ethical Fund will enable investors to align their investments to their beliefs, values and ideologies. While encouraging ethical business practices, the robust integrity and financial checks will ensure investments reflect less risk and high quality which would drive long term performance. ‘Responsibility and profitability are complementary traits’ and thereby ‘good ethics is good business.“
I. V. Subramaniam, MD & Group Head- Equities, Quantum Advisors, said, “Ethical investing is an investment approach in which investors invest in businesses that align with their religious or social values and generate financial returns. Sometimes, some businesses are involved in activities which are not good in terms of social values. As an individual investor it can be difficult to identify businesses that conduct their operations in accordance with the social values followed by the investor and at the same time remain profitable. That's where the Ethical Fund is a good fit.”
Chirag Mehta, CIO – Quantum MF, will be fund manager for this scheme.
