Mar 29, 2012, 09.55 AM IST | Source: Moneycontrol.com

NAVs decline owing to volatile market condition

Equity funds ended with negative returns owing to volatile market condition. The BSE benchmark fell 135.74 points or 0.79%, to close at 17,121. Meanwhile, the NSE Nifty ended below the 5200 level, which lost 48.40 points to 5,194.75.

Equity funds ended with negative returns owing to volatile market condition. All the funds across Equity and Balanced categories slumped registering few gainers.

On the sector front, Pharma & Healthcare and FMCG soar while Banking & Finance and Technology categories were down with no gainers.

The market shed more than half of gains earned in Tuesdays session due to profit booking by investors and weak global trend. The BSE benchmark fell 135.74 points or 0.79%, to close at 17,121. Meanwhile, the NSE Nifty ended below the 5200 level, which lost 48.40 points to 5,194.75.

The debt funds continued to show the same trend wherein decline were in Gilt Long term category while others managed to close with positive outlook. Dhawal Dalal, DSP BlackRock is of the opinion that the bond prices are likely to drift lower owing to lack of bidding interest among market participants ahead of the new supply. Funds in Short term category and Long term funds advanced with few declines.

Check out all mutual fund gainers & losers

Here is the days performance and the gainers and losers across categories.

 Equity funds: Top gainers

*  Sahara Star Value Fund (G) up 0.27%

*  HSBC Small Cap Fund (G) up 0.08%

*  Sahara Growth Fund (G) up 0.05%

Equity funds: Top losers

*  Escorts High Yield Equity Plan (G) down 1.78%

*  Escorts Growth Plan (G) down 1.76%

*  Reliance Infrastructure Fund - Retail Plan (G) down 1.72%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 2.02%

*  IDFC Tax Advantage (ELSS) Fund (G) down 1.24%

*  IDFC Tax Saver (ELSS) Fund (G) down 1.09%

Sector funds: Top gainers

*  SBI Magnum Pharma Fund (G) up 0.41%

*  UTI Pharma & Healthcare Fund (G) up 0.23%

*  Sundaram Media & Entertainment Opportunities - Retail (G) up 0.12%

Sector funds: Top losers

*  UTI Banking Sector Fund (G) down 1.82%

*  Reliance Banking Exchange Traded Fund down 1.82%

*  Sundaram Financial Services Opportunities - Retail Plan (G) down 1.75%

Balanced funds: Top gainers

*  Edelweiss Absolute Return Fund (G) up 0.17%

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 1.6%

*  Sundaram Balanced Fund - Regular Plan (G) down 1.04%

*  Principal Retail Equity Saving Fund (G) down 0.8%

Debt funds: Top gainers

*  IDFC Dynamic Bond Fund - Regular Plan A (G) up 0.26%

*  Mirae Asset Gilt Fund - Investment Plan - Regular Plan (G) up 0.03%

Debt funds: Top losers

*  UTI Short Term Income Fund - Retail Plan (G) down 0.03%

*  ICICI Prudential Gilt - Treasury Plan (G) down 0.01%

Q Who owns a mutual fund?

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