Max Life launches sustainable equity fund with Ulips

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NEW DELHI: Max Life Insurance Company Ltd. announced the launch of the Max Life Sustainable Equity Fund, a pure equity ESG fund to encourage investment in companies that focus on environmental, social and governance factors.

With this launch, Max Life aims to reinforce its commitment to help build a sustainable business ecosystem and integrate ESG compliance into its investment framework, the company said in a statement.

The Max Life Sustainable Equity Fund responds to the growing demand for responsible investing and will allow clients to invest in companies that maintain appropriate ESG scores. Linked to the Nifty ESG 100 Index, this actively managed fund promotes ESG principles by focusing on stocks that are part of benchmark ESG indices and investing in companies with high ESG scores, according to the firm.

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Prashant Tripathy, MD and CEO of Max Life, said, “There is a rapidly evolving client segment with a penchant for investing in ESG funds. As preference grows, insurers need to design products that allow customers to build wealth by investing responsibly. The Max Life Sustainable Equity Fund is a thematic offering that invests in socially responsible companies and assesses environmental, social and governance standards as part of the investment process. This fund is aligned with our long-term transformational ESG strategy, which reflects our focus and ambition to achieve ESG objectives and have a meaningful impact on the Indian life insurance industry. »

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The company said Max Life’s ESG journey has already begun, supported by four identified pillars of the sustainability strategy, namely ethical and sustainable work, concern for people and community, financial responsibility and operations. green. The Max Life Sustainable Equity fund is part of the company’s growing commitment to sustainable development, in which it operates increasingly in a responsible and sustainable way, for the benefit of the environment, society and people. investors, thereby strengthening its position as an ESG-compliant organisation. With the Max Life Sustainable Equity fund, the organization will focus more on environmental and social risks, while making investment decisions.

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According to market analysis, the Nifty ESG Index has outperformed the Nifty 100 Index for the past five years. Therefore, it reflects the fact that companies that have better governance, are socially responsible and have an environmental conscience have outperformed the others, making it imperative to invest in sustainable funds for long-term growth and the creation of wealth.

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