NAVs decline sharply as markets see sell-off

Equity diversified NAVs declined sharply and their advance:decline ratio stood at 1:247, as the benchmark Nifty saw huge selling pressure on the back of profit booking and weak global cues.

The 50-share NSE Nifty cracked the 4850 as well and fell 1.75% or 86.50 points, to settle at 4,845.35. The 30-share BSE Sensex closed at 16,224.95, down 271.10 points or 1.64%.

All sectoral funds slipped, as selling was seen across all the sectors; realty, metal, technology, telecom and auto were the major losers. Respective indices declined 2-4%.

Long term debt funds ended with negative returns while short term debt funds with positive returns; their advance:decline ratio stood at 28:45 and 73:15, respectively.

• Equity diversified NAVs decline sharply
• All sectoral funds slip
• Long term debt funds end with negative returns
• Short term debt funds close with positive returns

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 0.56%

Equity diversified: Top losers

• Religare AGILE Fund (G) down 3.52%
• JM Multi Strategy Fund (G) down 2.86%
• JM Mid Cap Fund (G) down 2.81%

Tax saving funds: Top gainers

• No Gainers

Tax saving funds: Top losers

• Religare AGILE Tax Fund (G) down 3.35%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) down 2.24%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) down 2.20%

Sector funds: Top gainers

• SBI Magnum FMCG Fund up 0.33%

Sector funds: Top losers

• Tata Life Sciences & Technology Fund (G) down 2.27%
• JM Financial Services Sector Fund (G) down 2.02%
• JM Basic Fund (G) down 1.97%

Balanced funds: Top gainers

• No Gainers

Balanced funds: Top losers

• Escorts Balanced Fund (G) down 2.25%
• LIC MF Balanced Fund - C (G) down 1.91%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 1.50%

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