EVALUATION OF PERFORMANCE OF SELECTED INDIAN ESG FUNDS

Amit Rohilla

doi:10.55955/210003

Authors

Mr. Amit Rohilla University of Delhi https://orcid.org/0000-0002-0201-8365

DOI:

https://doi.org/10.55955/210003

Keywords:

Annualized Return, Annualized Risk, CUSUM Test, ESG, Mutual Funds, Return, Risk, Sharpe Ratio, Sustainability

Abstract

ESG is a buzz word nowadays and gaining popularity day by day. It is claimed that these funds help in achieving sustainable growth and investors should select these funds as an alternative to the traditional mutual funds to achieve their long-term goals. India lags behind the leading countries such as USA and UK in terms of number of ESG schemes but these funds are gaining momentum in India though at a slow pace. This sector has not been fully explored in India and is expected to provide good returns in the years to come. Present paper attempts to investigate various issues related to these funds which are still unresolved. Some of these issues are—growth in the selected ESG funds, analysis of performance of selected ESG funds on the basis of different parameters, analysis of interdependence of ESG funds and analysis of response of ESG funds to the shocks. Based on the results, study shows that ESG funds outperform the market portfolio in the selected period.

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