Schemes based on the ESG (environmental, social and governance) theme are gradually gaining traction among Indian investors. Since the launch of the first fund in 2018, there are now nine such funds and one fund-of-fund, which together have asset under management (AUM) of Rs 12,026.7 crore.
All the funds are actively managed, barring Mirae’s exchange traded fund (ETF) and fund-of-fund. Over the past year, the category’s average 12.2 per cent return is slightly lower than the 13.5 per cent fetched by the flexi-cap category. This theme is immensely popular globally. ...
