While some socially responsible mutual funds are out there trying to save the planet and others try to save your soul, one socially irresponsible fund is hoping to profit big from the wages of sin.

The new antisocial mutual, aptly dubbed the Vice Fund, targets the so-called sin stocks long eschewed by socially responsible investors and considered virtually "recession-proof" by its managers: tobacco, gaming, alcohol and defense stocks.

"We're not out there to do nothing but socially irresponsible investing, but the point of investing is to make money. ... That means investing in those markets that do well," said portfolio manager Eric McDonald, who co-manages the fund with Dan Ahrens.