- by Stocktry Expert
- 02nd Aug 2020
ESG funds are doing well; these are some ESG funds in India
When investors consider not only current financial returns of an asset but also its impact on society, environment and governance, it is often called sustainable investing and Environmental, Social and Governance (ESG) investing is one of the types of sustainable investing (Adec Innovations). After the outbreak of COVID-19 this category of investment has gained its attractiveness in European and US market and mostly considered by the millennials (Easily Economics). The Indian market has in early stage in creating ESG fund with only four mutual funds.
Quantum India ESG Equity Fund Direct-Growth
You can start investing in this equity fund with minimum monthly SIP of Rs 500. The fund has net asset value of Rs 10.37 and gave returns of 14.97% in the last 3 months. It falls under high risk category and holds major stocks of technology, financial, FMCG, Automobiles and construction sectors. If we talk about companies holding in this mutual fund then it holds stocks of mainly Tata Consultancy Services Limited, Housing Development Finance Corpn. Ltd., HDFC Bank Ltd., Shree Cement Ltd., Marico Ltd, and Ambuja Cements Ltd.
Axis ESG Equity Fund Direct-Growth
This equity based mutual fund has net asset value of Rs 10.63 and falls under high risk category. You can start investing in this fund with a monthly SIP of Rs 1000. The returns of this fund was 7.70% in last 3 months. It holds stocks of mainly financial, technology, FMCG and services sectors and the major companies in this fund are Tata Consultancy Services Limited, Avenue Supermarts Ltd., Kotak Mahindra Bank Ltd., Bajaj Finance Ltd., Hindustan Unilever Ltd., and HDFC bank Ltd.
SBI Magnum Equity ESG Fund Direct Plan-Growth
This equity based fund comes under high risk category and has net asset value of Rs 108.9956. The mutual fund has provided returns of 12.69% in last 3 months. The mutual fund holds major stocks in Financial, technology, energy, automobile and construction sectors. The major stocks in this fund are from HDFC Bank Ltd., Reliance Industries Ltd., Kotak Mahindra Bank Ltd., Infosys Ltd., and Tata Consultancy Services Limited.
SBI Magnum Equity ESG Fund Direct Plan – Dividend Reinvestment
The equity based mutual fund has net asset value of Rs 39.1281 and falls under high risk category. The fund has provided returns of 12.69% in last 3 months and holds stocks in mainly Financial, technology, energy, automobile and construction sectors. The major companies in this fund are HDFC Bank Ltd., Reliance Industries Ltd., Kotak Mahindra Bank Ltd., Infosys Ltd., and Tata Consultancy Services Limited.
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Author:
Alok Aditya
