Published Paper Details:

Most of the business organizations are devising their business strategies by considering the social responsibility concepts for their sustainable development and development of the economy. Sustainable development has become the necessity of the world in terms of protecting nature, natural resources, the welfare of society, and living things to maintain economic balance. Over the past few years, environmentalists and socialists have expressed strong opposition to companies producing harmful products, polluting the environment, and destroying natural resources by creating awareness through conferences and seminars. Socially responsible investing or impact investing is not a new concept. It is a concept of corporate social responsibility which evolved in many phases like community engagement, socially responsible production, and socially responsible employee relations. Many social structures like religions, non-government organizations, and the ideals followed in different religious systems also played a major role in promoting the concept. This article gives clear-cut information on the concept of socially responsible investing, its origin, and its importance in the sustainable development of the economy with respect to the ESG funds of the mutual fund industry in India and the world. The data is purely based on secondary sources of information.