HDFC Asset Management launches 'HDFC Growth for GOOD' sustainable portfolio
HDFC Asset Management just rolled out the 'HDFC Growth for GOOD' Portfolio, a new investment option that lets you grow your money while supporting ethical and sustainable businesses.
The idea? You can aim for solid returns without backing companies in sectors like defense, alcohol, tobacco, gambling, or anything involving animal cruelty.
This launch taps into the growing trend of investing with your values in mind.
Navneet Munot outlines governance-led investment strategy
The portfolio picks companies with strong financials (think high returns on capital and steady earnings growth) but only if they're transparent and responsible.
As HDFC AMC Managing Director and Chief Executive Officer Navneet Munot puts it, this approach "Through the 'HDFC Growth for GOOD Portfolio' approach, they seek to invest in businesses that combine sustainable growth with strong governance and responsible conduct. 'The strategy is anchored in the belief that long-term value creation goes hand in hand with being good for the planet, good for people, and good for society,' he said."
With ₹10,573.10 crore already managed across its PMS strategies, HDFC AMC is hoping more investors will see that doing good and doing well can go hand in hand.