Forecasting of Net Asset Value of selected Environmental, Social and Governance (ESG) Mutual Funds in India using ARIMA Model

A. Akhileshwari, B. Kishore Babu and Rachana Saxena
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A. Akhileshwari: KL Business School, KLEF, Vaddeswaram, Guntur, Andhra Pradesh
B. Kishore Babu: KL Business School, KLEF, Vaddeswaram, Guntur, Andhra Pradesh
Rachana Saxena: Management Department, Jain University, Bangalore, Karnataka

Acta Universitatis Bohemiae Meridionalis, 2021, vol. 24, issue 3, 95-106

Abstract: After corporate governance and corporate social responsibility, ESG practises are the watchword in the Indian corporate environment. ESG is a far wider phrase than corporate governance and corporate social responsibility, as it encompasses a company's environmental, societal and corporate governance policies. ESG are the three pillars of performance that may be used to assess a company's influence on society and environmental sustainability. During the pandemic, these ESG-rated firms grew incredibly popular among investment portfolios. The investor's behaviour in these sustainable investments is also driven by the reputational benefits and a larger risk-reward ratio. It also assists investors in better understanding a firm and gaining insights into how it behaves, reacts, and evolves in response to numerous ESG aspects. Companies who do not adopt sustainable business strategies may find it difficult to raise both stock and loans in the future years. ESG compliance is required for every organisation that is operating well now and hopes to continue to do so in the future. Globally, there are over 3,300 ESG funds, which have quadrupled in the previous decade. This article studies about the sustainability rating, various ESG Mutual Funds in India, forecast the NAV of the ESG mutual funds using ARIMA.

Keywords: Environmental; Social and Governance (ESG); India; Net Asset Value (NAV); forecast; ARIMA (search for similar items in EconPapers)
JEL-codes: C53 G11 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.32725/acta.2021.014

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