MFIC › Sectors & industries › ESG, ethical & Shariah
ESG, ethical & Shariah mutual funds
14 actively managed thematic schemes and 4 index funds or ETFs whose names point to ESG, ethical & Shariah, with the market index they follow. Returns from AMFI NAVs as of 27 Oct 2026.
Active schemes
14
Index funds & ETFs
4
Active: median 3Y CAGR
8.8%
Index & ETF: median 3Y CAGR
4.3%
Active ahead of own benchmark TRI (3Y)
3 of 10
AUM of these schemes
₹14,193 cr
Portfolio holdings: not connected. MFIC does not yet read each fund house's monthly portfolio, so it cannot show which stocks these schemes own, how much of each scheme is actually in this sector, or how much they overlap with your diversified funds. Schemes are grouped by the sector or theme in their name; check the latest factsheet for current holdings.
Actively managed schemes Sectoral/Thematic category · Direct plans · alphabetical
| Scheme | 1Y return | 3Y CAGR | 5Y CAGR | Volatility | Max drawdown | 3Y vs own benchmark TRI | TER | AUM (₹ cr) |
|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life ESG Integration Strategy Fund Aditya Birla Sun Life Mutual Fund · Sectoral/Thematic · Direct | −6.5% | 11.0% | 5.5% | 15.3% | −26.2% | +0.7 pp | 1.44% | 533 |
| Axis ESG Integration Strategy Fund Axis Mutual Fund · Sectoral/Thematic · Direct | −10.8% | 7.9% | 3.9% | 14.1% | −24.3% | −2.6 pp | 1.88% | 955 |
| Baroda BNP Paribas ESG Best-in-Class Strategy Fund Baroda BNP Paribas Mutual Fund · Sectoral/Thematic · Direct | n/a | n/a | n/a | n/a | −10.2% | n/a | 1.15% | 551 |
| ICICI Prudential ESG Exclusionary Strategy Fund ICICI Prudential Mutual Fund · Sectoral/Thematic · Direct | −13.8% | 10.0% | 8.5% | 15.2% | −19.2% | −0.2 pp | 1.34% | 1,221 |
| Invesco India ESG Integration Strategy Fund Invesco Mutual Fund · Sectoral/Thematic · Direct | −7.4% | 8.9% | 5.6% | 16.0% | −22.8% | −1.4 pp | 1.28% | 355 |
| Kotak ESG Exclusionary Strategy Fund Kotak Mahindra Mutual Fund · Sectoral/Thematic · Direct | −9.6% | 8.6% | 6.4% | 14.2% | −21.9% | −1.5 pp | 1.15% | 671 |
| quant ESG Integration Strategy Fund quant Mutual Fund · Sectoral/Thematic · Direct | 12.3% | 16.8% | 16.5% | 20.8% | −25.1% | +6.6 pp | 1.79% | 314 |
| QUANTUM ESG BEST IN CLASS STRATEGY FUND Quantum Mutual Fund · Sectoral/Thematic · Direct | −10.2% | 7.3% | 5.8% | 15.9% | −33.2% | −3.2 pp | 0.80% | 83 |
| Quantum Ethical Fund Quantum Mutual Fund · Sectoral/Thematic · Direct | −4.4% | n/a | n/a | n/a | −16.4% | n/a | 0.90% | 128 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund · Sectoral/Thematic · Direct | −8.1% | 8.6% | 6.3% | 15.0% | −36.7% | −1.7 pp | 1.47% | 4,920 |
| Tata Ethical Fund Tata Mutual Fund · Sectoral/Thematic · Direct | −9.1% | 5.3% | 6.0% | 15.2% | −29.5% | −1.6 pp | 0.84% | 3,665 |
| Taurus Ethical Fund Taurus Mutual Fund · Sectoral/Thematic · Direct | −7.1% | 8.9% | 7.8% | 16.0% | −29.4% | +1.1 pp | 1.36% | 422 |
| THE WEALTH COMPANY ETHICAL FUND The Wealth Company Mutual Fund · Sectoral/Thematic · Direct | −9.0% | n/a | n/a | n/a | −14.7% | n/a | 1.15% | 38 |
| WhiteOak Capital ESG Best-In-Class Strategy Fund WhiteOak Capital Mutual Fund · Sectoral/Thematic · Direct | −9.6% | n/a | n/a | n/a | −17.2% | n/a | 0.98% | 46 |
"3Y vs own benchmark TRI" is the scheme's 3-year CAGR minus that of the total return index it is benchmarked to, as published by AMFI. Alphabetical order, not a ranking. Rolling returns and risk for this group
Index funds & ETFs aim to match a ESG, ethical & Shariah index · Direct plans and ETFs · alphabetical
| Scheme | 1Y return | 3Y CAGR | 5Y CAGR | Volatility | Max drawdown | Tracking error | TER | AUM (₹ cr) |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty 100 ESG Sector Leaders ETF Mirae Asset Mutual Fund · Equity ETF | −12.1% | 7.4% | 4.9% | 14.3% | −17.9% | n/a | 0.45% | 92 |
| Motilal Oswal BSE Clean Environment Index Fund Motilal Oswal Mutual Fund · Index Fund · Direct | n/a | n/a | n/a | n/a | −19.4% | n/a | 1.07% | 49 |
| Nippon India ETF Nifty 50 Shariah BeES Nippon India Mutual Fund · Equity ETF | −12.3% | 1.3% | 0.1% | 17.6% | −31.0% | n/a | 1.01% | 60 |
| UTI Nifty500 Shariah Index Fund UTI Mutual Fund · Index Fund · Direct | n/a | n/a | n/a | n/a | −10.3% | n/a | 0.78% | 91 |
Index funds and ETFs aim to match their index, so the useful comparison between them is cost (TER) and tracking error, not return rank. ETFs are bought and sold on the stock exchange through a demat account.
Questions
- How many mutual funds invest in ESG, ethical & Shariah in India?
- MFIC finds 14 actively managed sectoral or thematic schemes and 4 index funds or ETFs whose names point to ESG, ethical & Shariah (Direct plans; ETFs have a single plan), from AMFI's daily NAV file dated 27 Oct 2026.
- Does every scheme on this page hold only ESG, ethical & Shariah stocks?
- Not necessarily. MFIC groups schemes by the sector or theme in the scheme name. SEBI requires sectoral and thematic schemes to keep at least 80% in their stated sector or theme, but the exact holdings come from each fund house's monthly portfolio, which MFIC does not yet read. Check the latest factsheet before relying on a scheme's exposure.
- Are sector funds riskier than diversified equity funds?
- A sector fund depends on one part of the economy, so its returns usually swing more than a diversified fund's and can lag for long periods. The volatility and maximum drawdown columns on this page show how much each scheme has moved in the past; past movements do not predict future ones.
Data & disclosure. Scheme list, categories and NAVs from AMFI; returns and risk calculated by MFIC from daily NAVs; benchmark TRI comparison and TER as published via AMFI; index levels and valuations from NSE. Sector and theme groups are MFIC's own grouping from scheme names, not an AMFI or SEBI classification, and holdings are not connected. Educational information, not investment advice or a recommendation to buy or sell. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance is not indicative of future performance. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155).
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