Ethical/Shariah funds fare well in the long run
They have lagged over the past year, though, missing out on banking stocks that did well
For those seeking to invest in accordance with Shariah principles, there are just three funds in India — Tata Ethical, which has been around since 1996, and Taurus Ethical and Reliance ETF Shariah BeES, set up in 2009. Tata Ethical and Taurus Ethical are active mutual funds that, in line with Shariah principles, do not invest in sectors such as banking, alcohol and gambling, or in companies with h...
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