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SBI Magnum Eq Fund re-positioned as SBI Magnum Equity ESG Fund

Press Trust of India  |  Mumbai 

today said it has implemented the framework, and re-positioned SBI Magnum Equity Fund as SBI Magnum Equity Fund, effective May 16.

Framework is an approach to investment where environmental, social & governance (ESG) factors, in combination with financial considerations; guide the selection of portfolio and management of investments.

The total AUM of stands at Rs 2,116.32 crore as on May 31.

It will be a Thematic ESG Fund, with large cap bias and benchmarking itself with Nifty ESG Index, the company said in a release.

**************** BSE's India launches segregated nominee account structure *

BSE-promoted (India INX) has announced the launch of the segregated nominee account structure with a view to further facilitate ease of market access for foreign investors in the International Financial Service Centre (IFSC) at Gujarat's Gift City.

Through this mechanism, foreign investors can become end-clients of eligible segregated nominee account providers for trading on the India products.

India INX's operating guidelines for the segregated nominee accounts structure adheres to the broad framework provided by the Sebi through its circular in May.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 20:50 IST