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Why Is It Important To Consider Such Funds?
Active share holders are pillars of socially responsible mutual funds. The ownership responsibilities of share holders, though small, is taken seriously and exercised by voting whenever instances of deviations from their stated policies that are the very basis for their being on DSI. The US SEC stipulates companies to disclose proxy voting rights. These powers bestowed on the share holders also bind them morally to make a difference to the world and serve as a check and rejuvenating communities in distress, rededicating and engaging companies for causes of global warming and product and employee safety etc.

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Investing In Socially Responsible Mutual Funds
For long there has been an apprehension in the minds of investing public about the funds' potential to generating wealth. But the statistics are bright and crying to be verified. The assets under managements of these socially responsible mutual funds have reached close to $ 4 trillion in the year 2003. This is quite a mind boggling jump from the $ 1.2 trillion figure of 1997.

As for investing in these funds here are a few points to ponder:
  • Go by mutual funds' rating.
  • Collect prospectus and check for the funds' objectives.
  • Do policies of funds on environmental and social matters satisfy you?
  • Do the funds provide a risk perspective and details of expenses & fees?
  • Do they meet your objective and at what yield?
Some of the Popular Socially Responsible Mutual Funds
Domini apart from rating mutual funds has also floated many funds with social concerns. A couple of them are here.
  • Domini Social Equity Fund
  • Domini Social Bond Fund
  • Domini Institutional Social Equity Fund
  • Domini European Social Equity Fund
There are a host of companies that offer mutual funds that are ethical in their practices and investment choices too. The law and the responsible citizens have ensured that the ethos and values are not lost in the run up to mad rush for monetary gains.

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