Equity NAVs bounce back as markets gain

Equity diversified NAVs bounced back after three straight days of weak closing with a positive advance:decline ratio of 237:20 as the markets rebounded in late trade yesterday after choppy session for major part of the day. The Sensex closed at 16,525.37, up 1.53% or 249.78 points after hitting high of 16,563.30 and low of 16,217.78. The Nifty touched a high/low of 4926.90 and 4835.65, before ending the day at 4918.35, up 1.2% or 58.55 points.

• Equity Diversified NAVs ease
• Bank, pharma, FMCG funds advance
• Technology, auto funds decline
• Debt schemes register positive returns

Among the equity diversified funds, the top gainer were ING Dividend Yield Fund (G) up 2.80%,  Tata Dividend Yield Fund (G) up 2.49% and UTI Dividend Yield Fund (G) up 2.36%.  The top losers Lotus India Infrastructure Fund (G) down 0.52%. Birla Sun Life International Equity Fund - Plan A (G) down 0.44% and Sundaram BNP Paribas Capex Opportunities Fund (G) down 0.30%.

Among the tax saving funds, the top gainer were  Canara Robeco Equity Tax Saver up 1.80%, JM Tax Gain Fund (G) up 1.78% and ING Tax Saving Fund (G) up 1.63%. 

Among the sector funds, the top gainers were SBI Magnum FMCG Fund up 2.24%, UTI Banking Sector Fund (G) up 2.18% and Reliance Banking Fund (G) up 1.93%. The top losers were UTI Energy Fund (G) down 0.19%, Reliance Diversified Power Sector Fund - Institutional Plan (G) down 0.14% and JM Auto Sector Fund (G) down 0.02%.

Among the balanced funds, the top gainers were Kotak Dynamic Asset Allocation (G) up 1.92%, Birla Sun Life 95 Fund (G) up 1.29% and Kotak Dynamic Asset Allocation (G) up 1.26%. The top losers were BOB Balance Fund (G) down 0.38%.

Among the debt schemes the only gainer UTI Childrens Career Bond Plan (G) up 0.94%. and  only loser ICICI Pru Income Plan (G) down 0.08%.

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