Sin-free SIPs: ‘Ethical’ mutual fund opens for subscription

MUMBAI: With ‘Ahimsa’ (nonviolence) as a theme, an equity mutual fund (MF) scheme was launched on Wednesday by The Wealth Company, one of the newer fund houses in India. This scheme will be under Sebi’s ‘ethical funds’ subcategory and will strictly follow a portfolio allocation strategy to exclude stocks and debts of those companies that have stakes in the so-called ‘sin’ industries and some others like animal slaughter, arms & ammunitions, insecticides etc.

The NFO will be open till Oct 7, a company release said.

“The scheme is built on the timeless satvik principles of purity, compassion, and ahimsa (non-violence). In line with its values-first philosophy, the fund excludes industries such as alcohol, tobacco, gambling, narcotics, leather, meat & poultry, pesticides, and any enterprise involving cruelty (towards animals),” the release from the Wealth Company MF said. “These exclusions are not just filters, but foundations of a satvik way of investing—where dharma (values) and dhan (wealth) coexist in balance.”



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