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Kotak Mutual Fund launches Kotak ESG Opportunities Fund

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Kotak Mahindra Asset Management Company has launched Kotak ESG Opportunities Fund. The fund will deal with Environmental, Social and Governance (ESG) components and the Principles for Responsible Investing (PRI), a press launch from the fund home stated.

The New Fund Offer (NFO) of the scheme will shut for subscription on December 4.

According to the press launch KMAMC is the primary asset administration firm to signal the United Nation’s Principles for Responsible Investment (UNPRI). Kotak ESG Opportunities Fund can be managed by Harsha Upadhyaya. The scheme will spend money on firms based mostly on monetary parameters and non-financial components corresponding to Environmental, Social and Governance as part of its analysis course of to establish materials dangers and progress alternatives.

“Globally, investors are increasingly evaluating Environmental, Social and Governance (ESG) performance and disclosures. ESG investment principles look even at ‘how companies make money’ and not just at ‘how much money the company makes’. Kotak ESG Opportunities Fund will focus on the ESG principles and disclosures of the investee company with the flexibility of investing across market capitalisation range with the aim to create sustainable wealth for our investors,” Harsha Upadhyaya, CIO – Equity & President, Kotak Mahindra Asset Management Company Limited stated.

To assess ESG efficiency of an investee firm, Kotak ESG Opportunities Fund will take a look at insurance policies, practices and disclosures of every ESG pillar. That is, for environmental efficiency, it will likely be vitality effectivity measures, waste administration together with e-waste administration, carbon & greenhouse gasoline (GHG) emission footprint, and renewable vitality use; for social efficiency it will likely be worker working situations, welfare & coaching, and well being & security requirements; and for assessing governance efficiency, along with company governance practices and disclosures as required beneath the Companies Act, 2013 and SEBI’s (LODR) 2015, it will likely be whistle-blower and anti-corruption coverage, no youngster labour coverage, anti-sexual harassment coverage, variety and inclusivity insurance policies and practices and so on.

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