Author(s): Harish Reddy K, Khudsiya Zeeshan, Nayamath Basha S, Praveen Kumar T and Kanaka Durga D
Purpose: This research paper aims to evaluate the performance of six (6) ESG funds offered under different names by SBI Funds Management Ltd. Design/Methodology/Approach: The study has collected annual returns data (in %) of six ESG funds from 2014 to 2022. ANOVA test and t – test are used to test whether there is any statistical difference in the performance of these ESG funds. Findings: It is found after the analysis that there is no statistically significant difference among the performance of these six ESG funds of SBI at 5% level of significance. Research Limitations and Implications: Though SBI is offering 6 types of ESG funds, this research paper found that there is no statistically significant difference in providing returns to the investors of these funds. It means that whatever may be the fund, an investor is choosing the returns obtained by him from that ESG fund is statistically equal at 5% level of significance. It implies that an investor has to choose the ESG fund based on his requirements. Originality: In this research paper, the authors have used complete enumeration method of selecting a sample i.e. six out of six ESG funds of SBI are included in the sample. BSE Morningstar website which provides the real time data on various mutual funds is used to retrieve the data on annual returns in percentage. The findings of the paper are in tune with the original data and recommendations made are useful to individual as well as institutional investors.