Fund shall invest in those businesses that do not harm living beings, society or environment while upholding ethical practices; filters put in place for true Satvik way of investing
Mumbai, October – The Wealth Company Ethical Fund by The Wealth Company Mutual Fund may not be the country’s first ethical fund but it is a pure-play ethical fund in terms of companies and sectors that it will invest in as the fund focuses on good karma investing and Satvik philosophy. The New Fund Offer (NFO) is now live and will close on October
In line with the principle of Ahimsa, The Wealth Company Ethical Fund excludes industries such as gambling, alcohol, tobacco, narcotics, leather, meat and poultry, pesticides, and any enterprise involving animal cruelty. These are not mere filters, but foundations of a Satvik way of investing.
This assumes significance as ethical funds, which are typically benchmarked against NIFTY 500 Shariah TRI Index, may be dealing in meat and poultry products as well as the index constitutes such listed companies in the FMCG space.
While The Wealth Company Ethical Fund is also benchmarked against the NIFTY 500 Shariah TRI Index, the scheme has taken a conscious decision to avoid investing in companies that deal in meat and poultry products.
The Wealth Company Ethical Fund is an open-ended equity scheme following an ethical theme is founded on timeless Satvik principles of life – purity, compassion, and Ahimsa.
Another unique and differentiating factor for The Wealth Company Ethical Fund is that up to 20% of its net assets can be allocated for financial services sector, which boasts of many blue-chip companies that have historically performed well. Such companies are not part of the NIFTY 500 Shariah TRI Index.
Ethical investing is the most personal form of responsible investing as it aligns portfolios directly with an investor’s values and not just regulatory scores or broad themes.
With this launch, The Wealth Company Mutual Fund reaffirms its commitment to building a financial ecosystem where Dharma and Dhan (values and wealth) coexist in balance and helps to contribute not only to personal prosperity but also to universal wellbeing.
“True wealth is not just accumulation, but elevation of the self, of society, and of the environment. The Wealth Company Ethical Fund is a journey back to our roots, where prosperity is cultivated with purity, guided by values, and shared with compassion. It is good karma investing, a Satvik way to grow wealth without harm” said Ms. Madhu Lunawat, Founder, MD & CEO of The Wealth Company Mutual Fund in a statement.
The Ethical Fund shall be managed by seasoned fund manager Ms. Aparna Shanker, CIO-Equity, The Wealth Company Mutual Fund. She brings over three decades of disciplined, research-driven expertise.
Meanwhile, global data shows that in over a medium to longer period, sustainable funds do not compromise in performance as well. For instance, the NIFTY 500 Shariah has outperformed traditional indices, delivering a CAGR of around 16% compared to around 14% for the Nifty 500 and around 13% for the Nifty 50 (From 2009 to 2025 Source: Investing.com, NSE India; data as of Aug. 2025.) though past performance may or may not sustain in future.
