In August, around 11 passive mutual funds lost over 2%, with defense, PSU banks, PSU stocks, and real estate being the hardest-hit sectors. Of approximately 319 passive funds, 42 reported negative returns. The Motilal Oswal Nifty India Defence Index Fund saw the largest loss at 7.88%, while PSU bank-focused ETFs, including Nippon India and Kotak Nifty PSU Bank ETFs, each lost 4.63%.
These stocks defy market volatility, extend rally beyond US-Iran ceasefire
The US-Iran war, which commenced on February 27, caused significant volatility in the equity markets, impacting key benchmarks. By October, the Nifty 50 index exhibited