{"id":5635,"date":"2021-02-26T09:02:29","date_gmt":"2021-02-26T09:02:29","guid":{"rendered":"https:\/\/primexnewsnetwork.com\/?p=5635"},"modified":"2021-02-26T09:02:29","modified_gmt":"2021-02-26T09:02:29","slug":"invesco-mutual-fund-unveils-invesco-india-esg-equity-fund","status":"publish","type":"post","link":"https:\/\/latestgoldnews.com\/index.php\/2021\/02\/26\/invesco-mutual-fund-unveils-invesco-india-esg-equity-fund\/","title":{"rendered":"Invesco Mutual Fund unveils Invesco India ESG Equity Fund"},"content":{"rendered":"

NFO Opens: 26th<\/sup> February2021; Closes: 12th<\/sup> March2021<\/strong><\/p>\n

Mumbai, Maharashtra [India] :\u00a0<\/strong>Invesco Mutual Fund announces the launch of its newfundInvesco India ESG Equity Fund, (an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme). The fund aims to generate capital appreciation by investing 80% – 100% of the net assets in equity and equity instruments of companies, which are selected based on Environmental, Social and Governance (ESG) criteria, as defined by our proprietary investment framework. The fund will adopt a bottom-up approach to select stocks. While the fund will invest the majority of its assets in large cap companies; it will also offer limited exposure of up to 35% tomid and small cap companies1<\/sup>. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Mr. Taher Badshah, who has over 26 years of experience and Amit Nigam, who has\u00a0 over 20 years of experience in the Indian equity markets.<\/p>\n

Note – 1<\/sup>The above strategy is based on current views and is subject to change from time to time.<\/p>\n

In today\u2019s socially conscious society, we expect companies to care about environment, society and have high standards of governance. And as consumers, we exercise our voice through the products & services we consume. Investors globally consider ESG factors to evaluate where the company has risks because of environment, social and governance issues. For companies today, the risks which originate from environment, social and governance issues are real. Disregarding ESG values can have a serious impact on the company\u2019s operations, profits, and shareholder value. From an investment point of view, it is important to evaluate where the company faces the risk on account of ESG parameters, as ignoring these risks can have far-reaching consequences.<\/p>\n

Speaking at the launch, Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fundsaid, \u201cAs a firm, we have been demonstrating our commitment globally to responsible investing by actively encouraging ESG inclusive practices across every area of business.Globally, there is a big difference between being ESG \u201cAware\u201d and ESG \u201cInclusive\u201d. Our ESG inclusive practices are at the core of our equity investment process, which differentiates us.<\/p>\n

\u201cIt is important to analyze a company through the ESG lens. Governments and society are penalizing irresponsible companies. On the other hand, companies with strong ESG proposition are creating value through increased top-line growth, lower costs of production, better financing terms, government support & subsidies, motivated employees and enhanced returns on capital invested, which in turn help investors in long term wealth creation.\u201d<\/p>\n

\u201cFirst time investors can embark on their investment journey with this new fund and embrace responsible investing from day one\u201d<\/p>\n

Invesco and ESG1<\/sup><\/p>\n