As the domestic equity market saw broad-based pressure in August, only two mutual fund themes - IPO and defence remained in positive territory among the 23 themes, whereas auto and railways were the biggest laggards, according to a report by Vallum Capital,
IPO and defence themes gained 2.2% and 1.4%, respectively and at the other end, auto and railways were the biggest laggards, falling 6.5% and 6.4%, while Technology declined 6.1%. The IPO and defence sector based funds received an inflow of Rs 37 crore and Rs 235 crore respectively in August.
