Axis Mutual Fund’s new fund offer (NFO) — Axis ESG Equity Fund — is open for subscription until February 5. Being an open-ended fund, the scheme will also reopen for ongoing purchase, shortly after the NFO closes.
Investment strategy
The fund will invest in companies that are environmentally (E) and socially (S) conscious, as well as governed (G) ethically. Sectors and companies will be ranked on ESG parameters according to preset criteria, and the companies with high ESG scores will be considered.
The fund will be benchmarked against the Nifty100 ESG TRI. Apart from Indian equities, it will also invest up to 30 percent in global ESG companies. Sectors such as consumer, consumer discretionary, IT, e-commerce, healthcare, and financials will play a larger role in the portfolio, while the scheme will avoid stocks in segments such as alcohol, tobacco, and gambling, as these are not in sync with ESG principles.
This story is from the January 27, 2020 edition of The Hindu Business Line.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 27, 2020 edition of The Hindu Business Line.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
