Is a clean environment fund the right thematic bet now?

India's non-fossil installed capacity has crossed 50 per cent. Solar now costs Rs 2 to 3 per kilowatt hour—less than coal. Motilal Oswal AMC is betting there is a portfolio to be built around that transition. 

In this conversation, Pratik Oswal, Chief of Passive Business at Motilal Oswal AMC, explains what the BSE Clean Environment Index Fund actually owns across renewables, EVs, water and recycling, why it is different from a plain energy index fund and where the risks are. He is direct about the elevated valuation at 56 times earnings and who this fund is actually built for.