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Industry superannuation fund REST has appointed Parametric and Calvert Research and Management to manage the equities allocation for its newly launched REST Sustainable Growth Option fund.
Calvert would manage the equities portion (72.5%) and would be supported by implementation specialist manager Parametric. The portfolio was tiled towards firms who were demonstrated leaders in environmental sustainability and resource efficiency, or who were socially equitable and respect human rights, or could demonstrate accountable governance and transparency.
Firms would be excluded from the fund if they were involved in in labour and human rights abuses, unethical supply chains, fossil fuels, animal cruelty, gender discrimination, tobacco, gambling, palm oil, controversial weaponry, or have a recent track record of environmental damage, or excessive executive remuneration.
Fund review: L&T Midcap Fund
Synopsis
A consistent outperformer over many years, the fund has lost its footing in recent years. With its earlier long serving fund manager having moved on a year ago, the current team needs time to prove execution capabilities.
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
How the fund has performed
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Where the fund invests 80600694Basic facts Date of launch: 9 August 2004 Category: Equity Type: Mid Cap AUM : Rs 6,182.90 cr Benchmark: Nifty Midcap 100 Total Return Index