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New categories of ESG Scheme
July 25 , 2023
359 days
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- The SEBI allowed mutual funds to introduce five new categories under ESG (environmental, social, and governance) and put in place a disclosure framework for them.
- The five new categories are -- exclusions, integration, best-in-class and positive screening, impact investing, and sustainable objectives.
- Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes.
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