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Inflows in sustainable funds surge 76 % to Rs 3,686 crore in FY21

ESG funds: Inflows in sustainable funds surge 76% to Rs 3,686 cr in FY21

Explore Now 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.

Invesco Mutual Fund launches Invesco India ESG Equity Fund

Invesco Mutual Fund launches Invesco India ESG Equity Fund SECTIONS Last Updated: Mar 01, 2021, 09:33 AM IST Share Synopsis Invesco Mutual Fund has announced the launch of its new fund Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme. ThinkStock Photos Invesco Mutual Fund has announced the launch of a new fund- Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme. The NFO closes for subscription on March 12. According to a press release, the fund will adopt a bottom-up approach to select stocks. While the fund will invest the majority of its assets in large cap companies; it will also offer limited exposure of up to 35% to mid and small cap companies. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Taher Badshah and Amit Nigam.

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