Why fund managers are wary of new ESG categories
SummaryThe Sebi has issued a circular allowing mutual funds to launch six new categories under the ESG theme
The market regulator, Securities and Exchange Board of India (Sebi), is fast opening up investment avenues. Last month, it issued a circular permitting mutual funds to launch six new categories under the ESG (environmental, social, and governance) theme. The move is aimed at streamlining ESG investing but fund managers have raised several concerns.