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Investors rush to ESG funds as Covid drives focus on sustainability
₹103.78 crore in March following an outflow of ₹102.78 crore combined in January and February Investors rushed to park money into environmental, social and governance (ESG) focussed funds as the disruption caused by covid-19 pandemic drove focus to the importance of building sustainable and resilient business models.Data provided by Morningstar showed that India ESG funds received a net inflow of ₹103.78 crore in March following an outflow of ₹102.78 crore combined in January and February. In the previous quarter ending December, these funds received net inflow of ₹3748.96 crore.Kaustubh Belapurkar, Director – Manager Research, Morningstar India said, “The covid led crisis has only accelerated the demand for sustainable investing.