Risk-adjusted performance of ESG mutual funds in India
I compared Indian ESG funds using Sharpe and Treynor ratios, and tested best-in-class screening against negative exclusion.
ESG funds beat the benchmark, and exclusion beat best-in-class, but not by a statistically significant margin. That says a lot about how young India's ESG market still is.
Also submitted to the Indian Conference of Finance. Advised by Dr. Tapati Sarmah Choudhary.