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Socially responsible fund is a new concept in Indian context. But, this concept has acclaimed a vast popularity in the US mutual fund market. There, it is being used as an investment vehicle for years. Ethical funds, as they are popularly known, are specifically designed to cater the investment needs of people with personal ethical codes. This investing community is not in line with the normal investment practices.
They consider environmental, social and ethical issues like animal cruelty, human rights before investing in a particular company. Ethical funds follow a process of elimination while taking investment decisions and will not invest in companies engaged in running abattoirs, meat processing and packaging, production of liquor, tobacco, leather goods pesticides, pisciculture and sericulture, etc.
Now, this concept is striking the mindset of Indian mutual funds majors due to the growth of vegetarianism, growing popularity of organizations like people for animal, PETA, human right groups, etc. Ethical funds are all set to strike the Indian mutual fund market. This fund is designed to cater to the needs of investors with strong personal ethical codes in the Indian market. As a balanced fund, this new incarnation of mutual funds in Indian market will invest in equity and debt, but would focus on Ahimsa, simultaneously. The 'Ahimsa' fund is the Desi version of American Ethical fund. It provides investors with two options - income and social care opportunity.
Ahimsa fund is gaining its momentum steadily. An example of this is the JM heritage fund. This fund invests in areas like petrochemicals, auto, metals, banking and finance, engineering and technology companies. It also invests in FMCG and pharmacy companies, provided that these companies are above board with respect to cruelty issues. JM Mutual Fund, during the process of short listing the companies to invest, wrote to about 1,000 companies and sought response to questions on their operations.
During this process, a number of interesting issues came to the fore. For instance Dabur does not experiment with animals before the launch of a new product but uses deer horn as an ingredient for Chyawanprash. That’s why JM MF rejected Dabur as an investment destination. Apart from this JM MF has decided to invest in only those bio-tech companies which are trying to replace animal testing.
A Snapshot of South Africa - Plettenberg Bay
By: Propertyshowrooms.com | 07/01/2009Plettenberg Bay is a town situated in the Western Cape Province of South Africa, surrounded by wonderful white sandy beaches. As such, it’s always attracted thousands of holiday tourists and property buyers, who come for the great climate, excellent food, and water sports. Whale and dolphin watching are also common in the area...
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By: JD McCutchin | 07/01/2009Best premium rental company USA has a largest database of rental home in USA, home house rent, best USA realtors, specializes real estate in USA, USA real estate, USA real estate services.
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By: RealtyExecutives Mexico | 07/01/2009Whether you are retiring or looking for a change in space in your life, Puerto Penasco should be your list. It has the best of both worlds: The US and Mexico. For US mail, open a PO Box in Lukeville and a private service can deliver your mail to Puerto Penasco.
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By: Propertyshowrooms.com | 07/01/2009Whether you’re a Cypriot or an ex-pat your property in Cyprus might be at risk in this recession - even if you’ve paid for it in full! Why? Because many thousands of Cyprus residents don’t yet have their title deeds...
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By: CliftonDubai | 07/01/2009Dubai is one of the popular, famous and second largest cities in the seven Emirates of the United Arab Emirates. The city of Dubai has transformed itself from a small fishing village to a dynamic and ambitious cosmopolitan city and an ideal state for investment. Owing to the complete exemption of tax all traders in and around the world prefer to enjoy the unique benefits which are offered for their investments in a property here.
Go Online for Best Car Loans
By: addi vardhaman | 01/07/2008 | LoansPurchasing a new car is no longer a matter of headache. As so many car finance companies and Banks has come to the scenario, the consumers also get various options to choose from. Now with the help of Internet one can easily find the best car loans option.
Take Tension-free Loans From Indian Banks
By: addi vardhaman | 01/07/2008 | LoansLoans are required both for personal and business reasons. In India, for the smooth governing process, loans are available easily. Indian banks are also provides loan to the Non-Residential Indians. NRI loans are available in multiple options of repyament period and interest rates which varies from one Bank to another.
Two Wheeler Loans in India: Numerous Options Available for You
By: addi vardhaman | 01/07/2008 | LoansThere are a number of loan options available online for buying your dream bike. The customer needs to research a lot before selecting a lender online.
Credit Cards: Plastic Money Never Saw it Better in India Than Now!
By: addi vardhaman | 01/07/2008 | CreditThe growth and popularity of plastic money in India has been phenomenal in the last few years. The Indian economy is booming with a refreshing youthfulness in its march to success.
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By: addi vardhaman | 25/06/2008 | InsuranceBoth husband and wife should have separate life insurance coverage. The separation offers extra financial security to the family.
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By: addi vardhaman | 25/06/2008 | LoansCo-operative banks will now offer home loans according to the recent guidelines of RBI. This step will help the rural mass a lot.
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By: addi vardhaman | 25/06/2008 | BankingIf the customer does not make transaction in his savings account for more than a year, the bank considers this account as inactive. Regular transaction and fragmentation of expenditure helps to to avoid such situation.
Three Ways to Play Safe With Your Plastic Money
By: addi vardhaman | 25/06/2008 | CreditBalance transfer, repayment of the borrowed amount within the grace period and paying the minimum monthly installment help you to handle your credit card bills at an affordable limit. These there steps help you to have interest free credit option.