Theme Based Funds :

  These funds invest in specific theme and invest in all those industries that form part of that theme.
  For instance: Infrastructure fund : They invest in all stocks involved either directly or indirectly in Infrstructure story : like Steel, Cement, Construction, Contracting, Painting, Machinery, Plumbing, Ceramic, Airconditioning etc.
  Other theme funds include: Life-Style Fund, Generation Next Fund, Capex Opportunity Fund, Economic Reforms Fund, Diversified Power Fund.
  These funds are often flavor at specific time in the past. Being limited to a small investment theme, they may not be an all time performer.