News From Press Should you stay invested in SBI Magnum’s ethical version?

Should you stay invested in SBI Magnum’s ethical version?

Source: Mint Jun 1, 2018

SBI Funds Management Ltd, India’s fifth largest fund house, has acquired a conscience, or so it wants us to believe. Effective 16 May, one of its diversified equity schemes, as the fund house puts it, is investing responsibly. SBI Magnum Equity Fund will be known as SBI Magnum Equity ESG (environment, social and governance) Fund, and will be the only fund in the Indian mutual funds industry to invest in companies that follow the ESG criteria. So what makes it unique?

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