Chennai: Quantum Asset Management Company Pvt Ltd (Quantum AMC) has launched an open-ended ESG (Environment, Social and Governance) fund – Quantum India ESG Equity Fund.
A release said, the Quantum India ESG Equity Fund (QESG) is an equity oriented mutual fund scheme which invests primarily in stocks of Indian companies listed on Indian stock exchanges.
The investment strategy of the Scheme will be to invest in a basket of stocks after intensive analysis of their environment, social and governance practices/standards.
The NFO of the fund will be open from 21 June to 5 July and Senior fund manager – Alternative Investments, Chirag Mehta, and associate fund manager – Alternative Investments, Sneha Joshi, will be managing this fund, stated the release.
MD and CEO of Quantum Mutual Fund, Jimmy Patel, said, “Quantum AMC is ahead of its time in recognising the need for a clean and green Equity Fund. Quantum India ESG Equity Fund is an innovative fund to have exposure to quality, sustainable and well diversified exposure to equities. The fund will be a multi-cap fund based on comprehensive in-house research based on Environment, Social and Governance (ESG) criteria.”