ICICI Prudential Mutual Funds is planning to launch ESG Fund scheme which is a thematic mutual fund. ICICI Prudential ESG Fund invests in Environment, Social and Governance criteria. ESG is gaining ground with increase in total assets under socially-responsibility investment. This ESG Equity Fund from ICICI Pru MF would open for subscription on September 21, 2020. What is this ESG theme all about? Should you invest in the ICICI Prudential ESG Fund NFO? Would ESG funds create wealth in the medium to long term?.
Also Read: Should you invest in HSBC Corporate Bond Fund that can provide higher returns than Bank FDs?
What is ESG theme?
ESG represents factors viz. Environmental (such as impact of business on natural resources), Social (such as a business, having undesirable social of the scheme impact) and Governance (being the…