A Monte Carlo Simulation Approach to Assessing the Risk-Return Trade-off in ESG Investment Portfolios
This study asks whether environmental, social, and governance (ESG) screening changes the risk-return profile of an Indian large-cap equity portfolio. The Nifty 100 ESG index is compared with its unscreened parent, the Nifty 100, so the only systematic difference is the ESG screen and reweighting applied to a common co...