{
  "id": 8416598,
  "title": "Only 2 of 23 mutual fund themes gained in August; IPO, defence stay green as auto, railways and tech slide : Report",
  "url": "https://urgent.news/2026/09/19/only-2-of-23-mutual-fund-themes-gained-in-august-ipo-defence-stay",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T08:11:34.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/mf/mf-news/only-2-of-23-mutual-fund-themes-gained-in-august-ipo-defence-stay-green-as-auto-railways-and-tech-slide-report/articleshow/134350461.cms"
  },
  "original_language": "en",
  "account": "In August, only two of the 23 mutual fund themes managed to gain, while the auto and railway sectors suffered the most, falling 6.5% and 6.4% respectively. The IPO and defence themes were the only ones to experience positive growth, rising by 2.2% and 1.4% respectively. The IPO theme received an inflow of Rs 37 crore, while the defence theme attracted Rs 235 crore. Other themes such as technology and consumption declined by 6.1% and 4.5% respectively. The domestic equity market saw a broad-based downturn in August, with equity falling 2.1%. Money market assets were the only major asset class to deliver a positive return at 0.5%. Meanwhile, commodities remained the strongest performer on a year-to-date basis, returning 12%, nearly nine times equity's 1.4% YTD return. Fixed income remained flat for the month, delivering a 3.7% YTD return.",
  "summary": "Only two of 23 mutual fund themes, IPO and defence, gained in August as domestic equities faced broad-based pressure, according to Vallum Capital. Auto, railways and technology were among the biggest laggards, while equity fund inflows fell sharply. Commodities remained the strongest performer on a year-to-date basis despite a monthly decline.",
  "key_points": [
    "Only two of 23 mutual fund themes gained in August",
    "Auto and railway sectors fell 6.5% and 6.4% respectively",
    "IPO and defence themes were the only ones to gain"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "IIFL Finance and GMDC among top 5 smallcap stocks that saw highest mutual fund selling in August",
        "url": "https://urgent.news/2026/09/19/iifl-finance-and-gmdc-among-top-5-smallcap-stocks-that-saw-highest",
        "published": "2026-09-19T06:10:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}