Great session for MF NAVs as mkts gain

It was a great session for equity diversified NAVs, which ended on a strong note with positive advance:decline ratio of 208:1. The markets closed the session on a positive note amid volatility and have not reacted much to the weak inflation numbers, which stood at 7.83% versus 7.61%, that was way above market expectations of 7.59%. The Sensex finished at 17,434.94, up 81.40 points or 0.47%. The Nifty was up 42.45 points or 0.83% to settle at 5157.70.

On the sectoral front, auto, banking, FMCG and pharma funds advanced while technology funds ended mixed with negative bias. The BSE Auto, Bankex, FMCG and Healthcare indices shot up by 0.57%, 1.54%, 0.55% and 0.83%, respectively. However, IT Index lost 0.42%.

Long term debt funds finished mixed with positive bias, advance:decline ratio of 39:34.

• Great session for equity diversified NAVs
• Auto, banking, FMCG and pharma funds advance
• Technology funds end mixed with negative bias
• Long term debt funds finish mixed with positive bias

Among the equity diversified funds, the top gainer were ABN AMRO Dividend Yield Fund (G) up 2.12%,  Templeton India Equity Income Fund (G) up 1.97% and SBI Magnum Comma Fund (G) up 1.69%.  The only loser was DBS Chola Global Advantage Fund (G) down 0.22%.

Among the tax saving funds, the top gainer were  ABN AMRO Tax Advantage Plan (ELSS) (G) up 1.49%, DWS Tax Saving Fund (G)  up  1.48% and LIC MF Tax Plan (G) up 1.38%.

Among the sector funds, the top gainer SBI Magnum Pharma Fund (G) up 1.63%, Sundaram BNP Paribas Select Thematic Energy up 1.52% and JM Healthcare Sector Fund (G) up 1.45%. The only loser was Tata Life Sciences & Technology Fund (G) down 0.40%.

Among the balanced funds, the top gainers were Kotak Dynamic Asset Allocation (G) up 1.42%, LIC MF Balanced Fund - C (G) up 1.22% and Tata Balanced Fund (G) up 0.97%.

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