NAVs decline as market close flat

Equity diversified NAVs ended with negative returns as the market ended flat post recovery supported by ADAG, private banks, FMCG and the index heavyweight Reliance Industries. All the funds in broader indices; Large cap and Small & Mid cap including others Equity Diversified, ELSS and Balanced declined with the advance: decline ratio of 38:35, 5:43, 29:67, 14:31 and 6:15 respectively.

The Sensex close up 10.65 points at 15,867.73 and the Nifty rose 4.15 points to 4,754.10, after hitting an intra-day low of 4,686.85.

For the week, the market gained over 2.5% due to Tuesday's 421 points rally on the Sensex while benchmarks remained volatile on other days of the week.

In the sectoral front, FMCG funds advanced, while Banking & Finance, Pharma & Healthcare and Technology fund were among the major losers.

Among debt funds, all funds advanced. The advance; decline ratio for Long term, Short term, Ultra Short Term Debt, Gilt Short Term and Gilt Long Term funds were 72:0, 70:0, 64:1, 17:0 and 49:0 respectively.

 

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

 Equity diversified: Top gainers

*  Escorts Leading Sectors Fund (G) up 0.77%

*  Reliance NRI Equity Fund (G) up 0.48%

*  Reliance Equity Fund - Retail Plan (G) up 0.44%

Equity diversified: Top losers

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 1.21%

*  Religare Infrastructure Fund (G) down 1.09%

*  AIG Infrastructure and Economic Reform Fund - Regular Plan (G) down 1.08%

Tax saving funds: Top gainers

*  ING Tax Saving Fund (G) up 0.27%

*  UTI Long Term Advantage Fund (G) up 0.19%

*  LIC NOMURA Tax Plan (G) up 0.15%

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 0.76%

*  ICICI Prudential R.I.G.H.T. Fund (G) down 0.62%

*  Reliance Tax Saver (ELSS) Fund (G) down 0.49%

Sector funds: Top gainers

*  Religare Banking Fund - Regular Plan (G) up 0.57%

*  ICICI Prudential FMCG Fund (G) up 0.47%

*  Reliance Banking Exchange Traded Fund up 0.38%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 0.92%

*  DSP BlackRock Technology.Com - Regular Plan (G) down 0.88%

*  Birla Sun Life New Millennium (G) down 0.51%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 0.41%

*  SBI Magnum Balanced Fund (G) up 0.37%

*  Tata Balanced Fund (G) up 0.14%

Balanced funds: Top losers

*  ICICI Prudential Balanced Fund (G) down 0.37%

*  Birla Sun Life 95 Fund (G) down 0.35%

*  ICICI Prudential Equity & Derivatives Fund - Volatility Advantage Plan (G) down 0.31%

Debt funds: Top gainers

*  Kotak Bond (Regular Plan) (G) up 0.53%

*  Birla Sun Life G-Sec. Fund - Long Term (G) up 0.81%

Debt funds: Top losers

*  HSBC Ultra Short Term Bond Fund - Regular Plan (G) down 0.02%

 

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