Sebi s new compensation rule to create arbitrage in favour of index funds, ETFs indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
A section of mutual fund houses feared that markets regulator Sebi s new framework on compensation will adversely affect their key employee cash flow and make it difficult to retain talent. In addition, the new rule will create regulatory arbitrage in favour of index funds and exchange-traded funds (ETFs) and will result in potential death of active fund management, fund houses said. On Wednesday, Sebi asked asset management companies (AMCs) to pay at least 20 per cent of gross salary of key employees in the form of the units of the scheme managed by them. The new rule covers all key employees who have been defined as heads of various functions and all employees who are involved in the fund management process fund managers, research teams, and dealers, among others.
Inflows in sustainable funds surge 76% to Rs 3,686 crore in FY21
Inflows in sustainable funds surge 76% to Rs 3,686 crore in FY21
Driven by increased investor interest in environmental, social and governance issues, sustainable funds in India attracted Rs 3,686 crore in the 2020-21, a jump of 76 per cent from the preceding fiscal.
Moreover, the COVID-19-led crisis has only accelerated the demand for sustainable investing.
Sustainable or ESG (environmental, social, and governance) funds in India witnessed an inflow of Rs 3,686 crore in just-concluded fiscal as compared with Rs 2,094 crore in 2019-20, according to Morningstar data.
Such funds offer exposure to themes such as renewable energy, low carbon, green transport and environmental protection.
Driven by increased investor interest in environmental, social and governance issues, sustainable funds in India attracted Rs 3,686 crore in the 2020-21, a jump of 76 per cent from the preceding fiscal.
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NEW DELHI: Driven by increased investor interest in environmental, social and governance issues, sustainable funds in India attracted Rs 3,686 crore in the 2020-21, a jump of 76 per cent from the preceding fiscal.
Moreover, the COVID-19-led crisis has only accelerated the demand for sustainable investing.
Sustainable or ESG (environmental, social, and governance) funds in India witnessed an inflow of Rs 3,686 crore in just-concluded fiscal as compared with Rs 2,094 crore in 2019-20, according to Morningstar data.
Such funds offer exposure to themes such as renewable energy, low carbon, green transport and environmental protection.
Morningstar India Director and Manager (Research) Kaustubh Belapurkar said, While still early days in India from an ESG funds perspective, the launch of ESG funds has increased investor awareness significantly. Many domestic asset domestic managers are already incorporating ESG principles in their overall investing framework.