Mutual Fund NAVs end with positive returns

Equity diversified NAVs witnessed buying interest as markets ended with modest gain on the back of buying support from technology, FMCG, auto, metal, banking, realty and power stocks. However, private oil companies and large capital goods stocks witnessed selling pressure. Advance:decline ratio stood at 184:6. The Sensex closed at 13,525.99, up 71.99 points or 0.54%. Nifty was up 14 points or 0.35% to settle at 4030.

All sectoral funds advanced. BSE FMCG, IT, Auto and Bankex were up 2.75%, 2.64%, 2.23% and 1.24%, respectively. Balanced and tax saving funds also finished with positive returns.

• Equity diversified NAVs witness buying interest
• All sectoral funds advance
• Balanced and tax saving funds finish with positive returns

Among the equity diversified funds, the top gainers were OptiMix Multi Manager Equity Fund - Plan A (G)  up 3.10%,  OptiMix Multi Manager Equity Fund - Plan B (G) up 2.96% and  JM Small & Mid-Cap Fund - Regular Plan (G)  up 2.26%. The top losers were Tata Growing Economies Infrastructure Fund - Plan A (G)  down  0.86%,  Lotus India AGILE Fund (G)  down 0.89% and Reliance NRI Equity Fund (G)  down  0.45%.

Among the tax saving funds, the top gainers were Taurus Libra Tax Shield (G) up 2.17%, JM Equity Tax Saver Fund - Series I (G) up 2.14% and Reliance Tax Saver (ELSS) Fund (G) up 1.66%.  The  top gainers were Lotus India AGILE Tax Fund (G)  up 0.74%,  JM Tax Gain Fund (G)  up 0.17% and  Escorts Tax Plan (G)  up 0.04%. 

Among the sector funds, the top gainers were  JM Auto Sector Fund (G) up 2.67%,  UTI Auto Sector Fund (G) up 1.92% and  UTI MNC Fund (G)  up 1.76%.  The top gainers  were Franklin Pharma Fund (G) down 0.20%, JM Telecom Sector Fund (G)  down 0.13% and UTI Pharma & Healthcare Fund (G)  down 0.09%.

Among the balanced funds, the top gainers were  BOB Balance Fund (G)  up 1.28%, Birla Sun Life 95 Fund (G)  up 1.06% and Tata Balanced Fund (G)  up 0.87%.

For more Mutual Fund News click here