Feb 27, 2013 10:18 AM IST | Source:

NAVs slip impacted by markets heavy sell-off

Equity Funds plunged as markets ended lower. Meanwhile debt funds closed flat.

Equity Funds plunge led by market’s heavy sell off on Tuesday with the key benchmark indices closing at 3-month low, impacted by European concerns.

None of the funds in the Equity space could manage to end in positive terrain.

In the sectoral space, Pharma & Healthcare and Banking & Finance were impacted the most with the respective indices down by over 2 per cent.

The market session close with Sensex at 19,015.14 down by 316.55 points or Nifty at 5,761.35 down by 93.40 point.

Among Fixed Income, the returns of Long term debt funds fell after RBI’s announcement of OMO (Open Market Operation) worth 10,000 cr to ease tight cash conditions. Meanwhile funds in the Short term domain continued to deliver stable performance.

Check out all mutual fund gainers & losers

Here is the day’s performance and the gainers and losers across categories.

Equity funds: Top gainers

*  No Gainers

Equity funds: Top losers

*  JM Core 11 Fund (G) down 2.72%

*  HSBC Midcap Equity Fund (G) down 2.51%

*  HSBC Progressive Themes Fund (G) down 2.33%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  Taurus Tax Shield (G) down 2.17%

*  UTI Long Term Advantage Fund - Series II (G) down 1.89%

*  IDFC Tax Advantage (ELSS) Fund (G) down 1.84%

Sector funds: Top gainers

*  Franklin Infotech Fund (G) up 0.99%

*  SBI IT Fund (G) up 0.47%

*  Birla Sun Life New Millennium (G) up 0.45%

Sector funds: Top losers

*  Reliance Natural Resources Fund (G) down 2.36%

*  Sundaram Media & Entertainment Opportunities - Retail (G) down 2.13%

*  UTI Transportation and Logistics Fund (G) down 2.05%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Principal Retail Equity Saving Fund (G) down 1.61%

*  JM Balanced Fund (G) down 1.38%

*  Tata Balanced Fund (G) down 1.28%

Debt funds: Top gainers

*  PineBridge India Treasury Fund - Retail Plan (G) up 0.04%

*  Birla Sun Life G-Sec. Fund - Short Term Fund - Retail Plan (G) up 0.02%

Debt funds: Top losers

*  JM Short Term Plan (G) down 0.01%

*  Kotak Gilt Savings Plan (G) down 0.01%

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