ESG is a combination of three words i.e. environment, social and governance, it is a kind of mutual fund.
Its investing is used synonymously with sustainable investing or socially responsible investing.
ESG fund shortlists companies that score high on environment, social responsibility and corporate governance, and then looks into financial factors.
ESG fund focuses on companies with environment-friendly practices, ethical business practices and an employee-friendly record.
The fund is regulated by Securities and Exchange Board of India (SEBI).
The ESG funds are increasingly becoming popular in the mutual fund industry in India.
The first ESG mutual fund was launched by the State Bank of India - SBI Magnum Equity ESG Fund.
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