ESG fund

    ESG & Governance

    A mutual fund or ETF that selects investments using environmental, social and governance criteria under a stated strategy.

    In India, SEBI's July 2023 rules require each ESG scheme to follow one of six strategies named in its title, put at least 65% of its assets in companies with a full BRSR and assured BRSR Core, publish holdings' ESG scores monthly and get yearly independent assurance. An ESG fund is not necessarily an impact fund; most manage ESG risk rather than create measurable impact.

    Related terms

    Exclusion strategyESG integrationBest-in-classThematic investingImpact investing

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