American Community Mutual

Socially responsible funds is a new concept in the Indian context. But this concept has acclaimed a vast popularity in the U.S. mutual fund market. Here it is used as an investment vehicle for years. Ethical funds, as they are popularly known, are specifically designed to meet the investment needs of individuals' personal codes of ethics. The investment community is not in accordance with normal investment practices.

They consider the environmental, social and ethical issues such as cruelty to animals, human rights before investing in a company. Ethical funds follow a process of elimination while taking investment decisions and does not want to invest in companies active in the management of slaughterhouses, meat processing and packaging, production of alcoholic beverages, tobacco items Leather pesticides, fish farming and sericulture, etc.

However, this concept is striking the mindset of Indian mutual funds majors due to the growth of vegetarianism, the growing popularity of organizations such as People for Animals, PETA, right-wing groups, funds etc. ethics are all on strike at the mutual fund market in India. This fund is designed to meet the needs of investors with strong personal code of ethics in the Indian market. As a balanced fund, this new incarnation of mutual funds in the Indian market will invest in equity and debt, but would focus on Ahimsa, simultaneously. The "fund of Ahimsa" is the Desi version of American Ethical Fund. It offers investors two options - the income opportunity and social care.

Ahimsa Fund earns on its momentum steadily. An example of this is the Heritage Fund JM. This fund invests in areas such as petrochemicals, automobiles, metals, banking and corporate finance, engineering and technology. It also invests in consumer products and pharmaceutical companies, on condition that these companies are above board regarding issues of cruelty. JM Mutual Fund , during the screening process for business to invest, wrote approximately 1,000 companies and has sought the answer to questions about their activities.

During this process, a number of interesting questions has emerged. For example Dabur does not experiment with animals before launching a new product, but uses as an ingredient for Deer Horn Chyawanprash. That's why JM MF Dabur dismissed as an investment destination . Apart from this JM MF has decided to invest solely in biotechnology companies seeking to replace animal testing.