Mutual Funds plunge owing to weak market
Mutual Funds across categories closed in red owing to weak market condition.
August 07, 2013 / 10:02 IST
Mutual Funds were hammered badly in yesterday’s session as markets performed badly on the back of sliding rupee, worsening economic data and dismal quarterly corporate earnings.
No gainers were registered in any of the equity categories. Even the sector funds were in line with market breadth and closed in red. The market session closed with Sensex at 18733.04, down 449.22 points and Nifty closed at 5542.25, down 143.15 points over the previous close.The fixed income funds also closed in red owing to weak rupee condition. The funds will remain volatile amid volatile market. Check out all mutual fund gainers & losersHere is the day’s performance and the gainers and losers across categories. Equity funds: Top gainers* No GainersEquity funds: Top losers* BOI AXA Focused Infrastructure Fund (G) down 3.57%* Baroda Pioneer Infrastructure Fund - Direct Plan B (G) down 3.51%* HDFC Infrastructure Fund (G) down 3.5%Tax saving funds: Top gainers* No GainersTax saving funds: Top losers* Tata Infrastructure Tax Saving Fund (G) down 3.08%* Taurus Tax Shield - Direct Plan (G) down 2.99%* Taurus Tax Shield (G) down 2.96%Sector funds: Top gainers* No GainersSector funds: Top losers* Religare Invesco Banking Fund - Direct Plan (G) down 4.09%* Taurus Banking & Financial Services Fund (G) down 4.05%* Religare Invesco Banking Fund - Regular Plan (G) down 4.05%Balanced funds: Top gainers* No GainersBalanced funds: Top losers* DSP BlackRock Balanced Fund - Direct Plan (G) down 2.18%* DSP BlackRock Balanced Fund (G) down 2.18%* Reliance Regular Savings Fund - Balanced Option (G) down 2.15%Debt funds: Top gainers* Escorts Short Term Debt Fund - Direct Plan (G) up 0.08%* DWS Gilt Fund - Regular Plan (G) up 0.14%Debt funds: Top losers* Tata Short Term Bond Fund - Direct Plan (G) down 0.01%* Birla Sun Life Gilt Plus (Liquid Plan)(G) down 0.02% Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
