Sharia Compliant Indian Mutual Funds
It is better to ask the respective institution/scholar about this situation whose fatwas you are following. As a general understandng on mutual fund investments from our point of view: Your preference should be that you pick the ones that don’t make investments in Haram businesses. And if there is no such choice available, then atleast one should choose those funds where significant portion of their investments are made in Halal businesses, and its best that proprotion of income of fund earned through objectionable/haram investments, however insignificant, be given in charity. Please also refer to the video below from 27:24 to 28:26 https://youtu.be/GFKFthaLva4?t=1644