NAVs decline sharply on slump in mkts

Equity diversified NAVs declined sharply, with advance:decline ratio of 9:240, as the Nifty witnessed huge selling pressure and closed the session below the 4850 level on the back of downtrend across all the sectors. The Realty and Bank indices slipped the most, down 2.5% and 2%, respectively. Metal, Auto, Power, Capital Goods and Oil & Gas indices fell 1.5-1.7%.

The 30-share BSE Sensex closed at 16,163.44, down 192.59 points or 1.18% and the 50-share NSE Nifty lost 69.60 points or 1.42%, to settle at 4.830.10.

All sectoral funds slipped. Long term debt funds ended with negative returns while short term debt funds with positive returns; their advance:decline ratio stood at 18:64 and 69:28, 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 Precious Metals Plan -RP (G) up 4.82%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 3.66%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 2.42%

Equity diversified: Top losers

• JM Agri & Infra Fund (G) down 2.54%
• JM Small & Mid-Cap Fund - Regular Plan (G) down 2.36%
• JM HI FI Fund (G) down 2.18%

Tax saving funds: Top gainers

• AXIS Tax Saver Fund (G) up 0.28%
• Religare Tax Plan (G) up 0.54%
• ICICI Pru Tax Plan (G) up 0.73%

Tax saving funds: Top losers

• JM Tax Gain Fund (G) down 2.45%
• Escorts Tax Plan (G) down 1.83%
• JM Equity Tax Saver Fund - Series I (G) down 1.73%

Sector funds: Top gainers

• SBI Magnum FMCG Fund up 0.68%
• Reliance Pharma Fund (G) up 0.22%

Sector funds: Top losers

• JM Financial Services Sector Fund (G) down 1.98%
• Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) down 1.90%
• Sahara Banking and Financial Services Fund (G) down 1.79%

Balanced funds: Top gainers

• Escorts Opportunities Fund (G) up 0.26%
• UTI CRTS 81 (G) up 0.35%
• Escorts Opportunities Fund (G) up 0.26%

Balanced funds: Top losers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 1.26%
• ICICI Pru Child Care Plan - Gift Plan down 1.21%
• UTI Balanced Fund (G) down 1.09%

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