NAVs end flat as markets turn cautious on F&O expiry

Equity Mutual funds end mixed but positive returns following flat performance by Indian market led by F&O expiry. In the broader indices space, Large Cap funds outpaced its counterpart Small & Mid cap by registering advance: decline ratio of 54: 21 against 22: 20. Equity diversified ends flat with the ratio of 53 :40 while ELSS and Balanced registers positive returns with the ratio of 38: 12 and 14: 8 respectively.

Among the sectors, FMCG and Technology funds saw surge while Banking & Finance and Pharma & Healthcare closed flat.

The market closed marginally higher with NSE gaining 7.25 points to close at 5,149.15 while the BSE benchmark gained 23 points at 16,990.76.

The debt market continues to be under pressure due to absence of OMO and rising crude oil price. In the Long term space, Long Term funds saw some recovery while Gilt long term closed on negative bias. Short term funds maintained its good performance with no decline.

Check out all mutual fund gainers & losers

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

 Equity funds: Top gainers

*  HSBC Small Cap Fund (G) up 0.68%

*  Religare AGILE Fund (G) up 0.46%

*  Canara Robeco Infrastructure (G) up 0.43%

Equity funds: Top losers

*  IDFC India GDP Growth Fund (G) down 0.48%

*  HSBC Progressive Themes Fund (G) down 0.38%

*  Tata Service Industries Fund (G) down 0.33%

Tax saving funds: Top gainers

*  Religare AGILE Tax Fund (G) up 0.41%

*  BOI AXA Tax Advantage Fund - Eco Plan (G) up 0.34%

*  HSBC Tax Saver Equity Fund (G) up 0.31%

Tax saving funds: Top losers

*  SBI TAX Advantage Fund - Series II (G) down 0.52%

*  Tata Infrastructure Tax Saving Fund (G) down 0.39%

*  IDFC Tax Advantage (ELSS) Fund (G) down 0.39%

Sector funds: Top gainers

*  ICICI Prudential FMCG Fund (G) up 0.48%

*  Franklin Infotech Fund (G) up 0.46%

*  ICICI Prudential Technology Fund (G) up 0.43%

Sector funds: Top losers

*  Sundaram Media & Entertainment Opportunities - Retail (G) down 1.42%

*  Sundaram Financial Services Opportunities - Retail Plan (G) down 0.35%

*  Reliance Media & Entertainment Fund (G) down 0.30%

Balanced funds: Top gainers

*  Sundaram Balanced Fund - Regular Plan (G) up 0.26%

*  Canara Robeco Balance (G) up 0.21%

*  Principal Retail Equity Saving Fund (G) up 0.16%

Balanced funds: Top losers

*  LIC NOMURA Balanced Fund - C (G) down 0.43%

*  Escorts Balanced Fund (G) down 0.23%

*  Baroda Pioneer Balance Fund (G) down 0.07%

Debt funds: Top gainers

*  UTI Dynamic Bond Fund (G) up 0.15%

*  L&T Gilt - Investment Plan (G) up 0.07%

Debt funds: Top losers

*  Canara Robeco Dynamic Bond Fund - Retail Plan (G) down 0.01%

*  Kotak Gilt Investment PF & Trust Plan (G) down 0.01%