Assets under management for environmental, social and governance (ESG) funds increased 2.5 times to USD 650 million in India in financial year 2021 on an annual basis, a top official of IT industry body Nasscom said on Friday. The assets under management for ESG funds in 2020 was USD 275 million.
ESG funds: Funds whose asset allocation includes shares and bonds of those companies that are evaluated based on the factors of environmental, social, and governance to assess their sustainability.