Whiteoak Capital MF CEO Tells Why ESG MF Schemes Haven’t Gained Popularity Among Indian Investors

Aashish P Sommaiyaa Managing Director and CEO of WhiteOak Capital MF tells us in spite of SEBI’s encouragement ESG mutual fund schemes haven't picked up among investors due to the heavy return driven mindset among Indian investors. One of the reasons for recency bias amongst investors was the macro impact of commodity prices that impacted returns in this category. He emphasizes the importance to look at the long term sustainability prospects of a company as that may impact PE values in the future.He also shares that WhiteOak Capital is hopeful about the long term benefits of this category and will soon roll out a new scheme.