Published Paper Details:

The United Nations Principles for Responsible Investment works to promote the incorporation of environmental, social, and corporate governance factors into investment decision-making. ESG (Environmental, Social, and Governance) mutual funds have gained prominence globally, including in India, due to an increased emphasis on sustainable and responsible investing. There are some main characteristics and trends associated with ESG mutual funds like- integration of ESG criteria, sustainability focus, long-term investment perspective, risk management strategy, regulatory landscape, impact investing, etc. India is experiencing a growing interest in sustainable and responsible investment practices. Investment in ESG mutual funds can provide a way for investors to align their values with their investments, potentially improve financial performance, and manage risk. ESG mutual funds have shown strong financial performance in recent years. A company's ability to be innovative and efficient can lead to long-term sustainable success when ESG factors are given priority. Companies that have a strong ESG profile are less likely to face legal and reputational risks that can negatively impact their financial performance and can help investors avoid companies that are at risk of legal or regulatory action, reputational damage, or financial instability. Investors in today's world are reevaluating traditional approaches and taking the environment into account while making investments. Hence, as part of their selection procedures, investors are starting to take ESG factors into account. In a warning, the World Economic Forum (WEF) listed five of the six biggest global risks as being influenced by climate change. Companies would be required to develop a climate resilience adaption strategy to be future ready. Therefore, investors must look at sustainable investing areas. This research is crucial to monitor developments in ESG investing through mutual funds, including changes in regulatory frameworks, industry best practices, and the evolving preferences of investors seeking sustainable and responsible investment options