Mutual funds can launch five new categories under ESG scheme: Sebi
The Securities and Exchange Board of India (Sebi) on Thursday allowed mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme.
According to the capital markets regulator, the mutual funds will also have to put in place a disclosure framework.
The five new categories are — exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives.
Currently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes.
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Updated: 20 Jul 2023, 07:21 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.