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Home » News » Mutual Funds » MF News

Dec 22, 2012, 12.47 PM | Source: Moneycontrol.com

NAVs decline as markets end lower

Equity Funds decline as markets dropped by over one per cent led by global and local cues. Meanwhile Fixed Income funds delivered stable performance amid lower volumes and tight systemic liquidity.

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NAVs decline as markets end lower

Equity Funds decline as markets dropped by over one per cent led by global and local cues. Meanwhile Fixed Income funds delivered stable performance amid lower volumes and tight systemic liquidity.

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Equity Funds decline as markets dropped by over one per cent led by global and local cues. None of the funds in any Equity categories including Sectoral and Hybrid could withstand market pressure and hence were seen in red.

Led by profit booking and uncertainty over US fiscal cliff deal domestic mutual funds continued to be the net sellers.

The 30-share BSE Sensex fell 211.92 points to close at 19,242, weighed down by selling across sectors. Meanwhile, the 50-share NSE Nifty slipped 68.70 points to end below 5,850 level at 5,847.7. Experts feel that there may be a little bit of correction in the market because of significant rally seen recently, but ruled out major correction.

Meanwhile Fixed Income funds delivered stable performance amid lower volumes and tight systemic liquidity. Both Long and Short term funds advanced with very few decline registered.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Escorts Opportunities Fund (G) up 0.01%

Equity funds: Top losers

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 2.07%

*  Reliance Growth Fund - Retail Plan (G) down 1.91%

*  Reliance Diversified Power Sector Fund - Retail Plan (G) down 1.91%

Tax saving funds: Top gainers

*  No Losers

Tax saving funds: Top losers

*  SBI TAX Advantage Fund - Series I (G) down 1.89%

*  Religare AGILE Tax Fund (G) down 1.81%

*  Sahara Tax Gain (G) down 1.78%

Sector funds: Top gainers

*  No Gainers

Sector funds: Top losers

*  Sundaram Media & Entertainment Opportunities - Retail (G) down 1.82%

*  Sahara Power & Natural Resources Fund (G) down 1.66%

*  SBI Magnum Pharma Fund (G) down 1.56%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Principal Retail Equity Saving Fund (G) down 1.59%

*  Principal Balanced Fund (G) down 1.28%

*  Tata Balanced Fund (G) down 1.24%

Debt funds: Top gainers

*  Tata Dynamic Bond Fund - Plan A (G) up 0.06%

*  Motilal Oswal MOSt 10 Year Gilt Fund (G) up 0.09%

Debt funds: Top losers

*  ICICI Prudential Gilt - Investment Plan - PF Option (G) down 0.08%

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