12,080.85-45.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

Axis Mutual Fund launches ‘Axis ESG Equity Fund’

ESG stands for environmental, social and governance factors and the framework is used by investment managers to identify how each company in their coverage is exposed to or are reacting to these factors.

ET Online|
Last Updated: Jan 20, 2020, 03.46 PM IST
0Comments
iStock
launch new
Tax Calculator
Axis Mutual Fund has launched an open-ended equity scheme that aims to generate long term capital appreciation by investing in companies demonstrating sustainable practices across ESG theme.

ESG stands for environmental, social and governance factors and the framework is used by investment managers to identify how each company in their coverage is exposed to or are reacting to these factors. Sustainable companies combine traditional quality/growth parameters with strong ESG (environmental, social and governance) characteristics.

The new fund offer (NFO) of Axis ESG Equity Fund will open for subscription on January 22 and will close on February 5.

The scheme will be managed by Jinesh Gopani, head equities, and Hitesh Das, fund manager - foreign securities.

“We at Axis AMC believe that ESG is a logical extension to our philosophy given our core focus towards quality and sustainable growth. By combining ESG analysis with traditional financial metrics we can come up with a more holistic understanding of each company in our portfolio. We have faith that the Axis ESG Equity Fund by investing in a portfolio of such companies will have strong potential to offer its investors a rich source of alpha,” says Chandresh Kumar Nigam, MD & CEO, Axis AMC.

Also Read

Axis Mutual Fund launches ‘Axis All Seasons Debt Fund of Funds’

Axis Mutual Fund launches Axis Retirement Savings Fund

We continue to be positive on B2C and consumption space: Shreyas Devalkar, Axis Mutual Fund

Axis Mutual Fund schemes top returns charts across categories

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service