HDFC AMC launches 'HDFC Growth for GOOD Portfolio' supporting sustainability
HDFC Asset Management Company just rolled out the "HDFC Growth for GOOD Portfolio," a new investment service for people who want their money to support sustainable businesses.
This means your investments will skip companies making big bucks from defense, alcohol, tobacco, gambling, or meat-related industries, so you can grow your wealth without compromising on your principles.
HDFC AMC portfolio uses ROCE/ROE/EPS/FCF metrics
This portfolio only picks companies with strong ethics and transparent operations.
HDFC AMC is focusing on smart metrics like return on capital employed (ROCE), return on equity (ROE), earnings per share, and free cash flow growth to make sure investments perform well over time.
As MD and CEO Navneet Munot puts it, the company believes the strategy is based on the belief that long-term value creation goes hand in hand with sustainable growth, strong governance and responsible business conduct.
As of March 31, HDFC AMC's PMS business managed ₹10,573 crore across its various investment approaches, HDFC AMC hopes this move attracts investors who care about impact as much as returns.