ABN Amro launches first SRI Fund in India

ABN Amro Asset Management today (March, 5)announced the launch of ABN Amro Sustainable Development Fund – the first Socially Responsible Investing (SRI) fund in the country.

The fund will choose from S&P CNX 500 companies filtered by Crisil based on environmental, social and corporate governance (ESG) template based on public disclosures made by these companies.

Ramesh Sobti, chairman, ABN Amro Asset Management, said: "The launch of the fund represents an important milestone in ABN Amro’s journey of sustainability in India."

Nikhil Johri, managing director, ABN Amro Asset Management, said: "The fund seeks to invest in companies that are socially responsible and financially viable at the same time – an ideal scenario for the investor."

David Morrow, global SRI product specialist, ABN Amro Asset Management, said: "We are the fifth-largest SRI player in Europe with almost euro 2 billion of assets under management including 24 SRI funds sold in Europe, Asia and Latin America."

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