Baroda BNP Paribas MF Launches ESG Equity Fund: Invests in Sustainable Companies

• Baroda BNP Paribas Mutual Fund introduces the ESG Best-in-Class Strategy Fund, focusing on companies with strong environmental, social, and governance practices.
• The fund uses a "best-in-class" approach, selecting stocks based on higher ESG scores and traditional financial metrics.
• It employs a four-step screening process, narrowing down 5,000 listed stocks to about 50, combining external ESG ratings and internal fundamental analysis.
• The launch aligns with growing regulatory and market focus on sustainability in India, including SEBI's BRSR framework.
• Minimum investment during NFO is ₹1,000 lump sum or ₹500 for monthly SIPs.