Global ESG fund evolution-an analysis of sustainable investment growth through comparison

¹ Research Scholar, Department of Commerce, Chandigarh University, India
² Professor, University School of Business, India

^* Corresponding author: arorapriya712@gmail.com

Abstract

Environmental, Social, and Governance, or ESG, is a crucial intangible assessing element for investorswho are socially conscious and responsible. They are taking into account a company’s contributions tothe environment, society, and law compliance in addition to traditional financial considerations including returns, risk, cash flow, and profitability. As an option for ESG investment, mutual funds offered with an ESG focus serves as the best alternative. This current study attempts to examine the growth of Indian ESG mutual funds relative to selective developed, developing, and underdeveloped economies all around the globe. This Study finds the Indian Mutual fund industry has grown in the lastcouple of years, Yet the country is still in the infancy stage with respect to the number of ESG funds incomparison to developed countries. However, in terms of Returns Indian ESG mutual funds are performing admirably. Moreover, the research makes it abundantly clear that India has to do more to educate investors about the sustainability of their investments, as this will eventually encourage ESG investments.