Mixed bag for MF NAVs though mkts end lower

Among sector funds, FMCG funds advanced, it was mixed bag for auto, banking, pharma funds, while technology funds declined.

Balanced and tax savings funds too ended with mixed trend with advance:decline ratio of 17:18 and 22:16, respectively.

• Mixed bag for equity diversified funds
• Technology funds decline
• FMCG funds finish with positive returns
• Auto, banking, pharma fund mixed bag
• Balanced and Tax Saving funds end with mixed trend
• Debt funds remain in positive terrain

Among the equity diversified funds, the top gainer were Principal PNB Long Term Equity Fund - 3 Year Plan - Series 1 (G) up 1.71%,  JM Agri & Infra Fund (G) up 1.46% and DBS Chola Opportunities Fund (G) up 1.41%.  The only loser was LIC MF Growth Fund (G) down 1.26%, Standard Chartered Imperial Equity Fund (G) down 0.84% and ABN AMRO Sustainable Development Fund (G) down 0.82%.

Among the tax saving funds, the top gainer were Principal Personal Tax Saver Fund up 0.74%, JM Equity Tax Saver Fund - Series I (G) up  0.69% and Birla Sun Life Tax Relief 96 (G) up 0.58%. The top losers were Reliance Tax Saver (ELSS) Fund (G) down 0.65%, Lotus India AGILE Tax Fund (G) down 0.56% and  ING Tax Saving Fund (G) down 0.53%.

Among the sector funds, the top gainer JM Basic Fund (G) up 1.18%, Reliance Pharma Fund (G) up 0.73% and Reliance Media & Entertainment Fund (G) up 0.70%. The top losers were JM Telecom Sector Fund (G) down 1.13%,  UTI Energy Fund (G) down 0.52% and JM Auto Sector Fund (G) down 0.47%.

Among the balanced funds, the top gainers were Principal Child Benefit Fund - Future Guard Plan up 0.97%, Principal Child Benefit Fund - Career Builder Plan up 0.97% and JM Balanced Fund (G) up 0.83%. The top losers were  Kotak Dynamic Asset Allocation (G) down 1.01%, Reliance Regular Savings Fund - Balanced Option  down 0.61% and ING Balanced Portfolio (G) down 0.35%.

 For more Mutual Fund News click here