In an era where financial institutions are often seen as the villains, HDFC Mutual Fund is breaking the mold. With the launch of the fourth edition of its ‘Nurture Nature’ campaign, HDFC is proving that finance and environmental sustainability can go hand in hand. It’s like a breath of fresh air in a smog-filled city. But this isn’t just a one-off initiative. This is the fourth year that HDFC is running this campaign, showing a sustained commitment to the environment.
This year, the campaign is focusing on water conservation through lake restoration. It’s a massive undertaking, akin to a team of superheroes taking on a world-threatening villain. But instead of fighting aliens or robots, these heroes are battling climate change and water scarcity. Over the past three years, they’ve planted over 50,000 saplings and recycled 4.65 tonnes of plastic waste. That’s like taking a small forest and a whole herd of elephant’s worth of plastic out of the environment!
The campaign video, ‘Generation Restoration’, tells the story of Savitri, a woman who had to leave her home because of drought. It’s a powerful reminder that climate change isn’t just an abstract concept or a distant threat. It’s happening here and now, and it’s affecting real people. Savitri’s story is a wake-up call to all of us about the urgent need to tackle climate change.
Building on the success of the previous campaigns, Nurture Nature 4.0 is taking things a step further. The aim is to restore the water holding capacity of existing lakes. It’s like giving a parched land a drink of water. By doing this, the campaign hopes to provide a sustainable water source for people and wildlife, and help mitigate the effects of climate change.
According to a report by the Climate Action Network South Asia, climate change could force up to 45 million Indians to face displacement by 2050. That’s a staggering number, equivalent to the entire population of Spain! This statistic underscores the urgency of the situation and the importance of initiatives like Nurture Nature 4.0.
Under ‘Nurture Nature 4.0 – Generation Restoration’, HDFC Mutual Fund will restore the water holding capacity of an old lake for every digitally registered SIP (Systematic Investment Plan) during the campaign period. From June 5 to June 11, 2024, any new SIPs registered digitally or online of a minimum Rs. 2,500 per month for at least 3 years in eligible equity and gold schemes, the fund house will contribute towards restoring a 5,000-litres water holding capacity in an old lake. It’s like investing in nature’s own bank, with the returns being a sustainable water source for villagers, agricultural activities, and environmental preservation.
Navneet Munot, MD and CEO of HDFC Asset Management Company, aptly summed up the initiative, saying, “Global warming is an existential threat to humanity. As the world grapples with deforestation, rapid urbanisation, environmental degradation, and groundwater depletion, it is crucial for us to take immediate action. As part of our ongoing Nurture Nature Campaign, now in its fourth year, we have committed to alleviating the water crisis by restoring an existing lake and providing a sustainable source of water.”
So, the next time you think about investing, remember – with HDFC Mutual Fund, you’re not just growing your money, you’re helping to grow a greener, healthier planet. Now, that’s what we call a win-win!
Also Read: Tata Power’s Green Anthem: Inspiring India’s Eco-Friendly Future
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