NAVs decline as markets end lower

In the sector space, Banking funds lost the most while Technology funds ended mixed. The defensive sector Pharma & Healthcare and FMCG funds delivered good performance recording no decline.

Benchmarks erased all yesterday's gains as the market has not been getting any action on government's reforms. Even the stocks exclusion from the F&O segment dented sentiment. The 30-share BSE benchmark went down 72.03 points to close at 16,846.05 after recovery of 110 points from day's low of 16,736.60. The 50-share NSE benchmark fell 18.60 points to 5,109.60.

On the debt front, both Long term and Short term funds closed with positive returns registering very few decline. Among the Gilt Funds, both Long term and Short term Gilt funds closed with negative returns with very few gainers.

Check out all mutual fund gainers & losers

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

 Equity diversified: Top gainers

*  SBI Magnum Emerging Businesses Fund (G) up 0.25%

*  IDFC Classic Equity Fund - Plan A (G) up 0.23%

*  IDFC Classic Equity Fund - Plan B (G) up 0.23%

Equity diversified: Top losers

*  Tata Growth Fund (G) down 0.00%,

*  Escorts Infrastructure Fund (G) down 1.84%

*  Escorts Power and Energy Fund (G) down 1.65%

Tax saving funds: Top gainers

*  Reliance Equity Linked Saving Fund - Series I (G) up 0.36%

*  IDFC Tax Saver (ELSS) Fund (G) up 0.28%

*  Union KBC Tax Saver Scheme (G) up 0.27%

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 1.59%

*  Canara Robeco Equity Tax Saver (G) down 0.81%

*  HDFC Tax Saver (G) down 0.60%

Sector funds: Top gainers

*  DSP BlackRock Technology.Com - Regular Plan (G) up 1.39%

*  Reliance Media & Entertainment Fund (G) up 0.56%  

*  Reliance Pharma Fund (G) up 0.53%

Sector funds: Top losers

*  Reliance Natural Resources Fund (G) down 1.48%

*  Sahara Power & Natural Resources Fund (G) down 1.44%

*  UTI Energy Fund (G) down 1.01%

Balanced funds: Top gainers

*  SBI Magnum Balanced Fund (G) up 0.15%

*  LIC NOMURA Balanced Fund - C (G) up 0.05%

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 1.10%

*  HDFC Prudence Fund (G) down 0.53%

*  Baroda Pioneer Balance Fund (G) down 0.52%

Debt funds: Top gainers

*  DWS Short Maturity Fund - Regular Plan (G) up 0.09%

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

Debt funds: Top losers

*  JM Income Fund (G) down 0.01%

*  HDFC Gilt Fund - Short Term Plan (G) down 0.02%

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