NAVs end flat led by dull market session

Equity funds ends flat led by dull market performance. In the broader market, Large Cap delivered good performance with the advance: decline ratio of 60: 18 while Small & Mid Cap ends on a flat note with the ratio of 20: 24. All other Equity funds managed to end with mixed but positive returns. The Balanced funds ended with positive returns with the advance: decline ratio of 16: 6.

Among sectoral funds, defensive sector FMCG yet again delivered good performance with no losers while Pharma & Healthcare ended in a red zone. The Banking & Finance funds maintained its bullish outlook on the hopes of rate cut by RBI. Meanwhile Technology funds also exhibited decent returns registering very few decline.

The Benchmarks closed flat on Wednesday as market is keenly waiting for inflation data for May that will be announced today. The session ended with BSE rising 17.71 points, to close at 16,880.51 and the NSE gaining 5.55 points to 5,121.45.

In the debt space, both Long term and Short term categories continued to deliver good performance recording few decline. The experts are of the opinion that the inflation data will determine the performance of the debt categories. The bullish undertone may continue if inflation is below 7.50%. A 25 bps cut in policy rates and 50 bps CRR cut has been priced in.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Sundaram Select Thematic Energy Opportunities Funds (G) up 0.95%

*  AIG Infrastructure and Economic Reform Fund - Regular Plan (G) up 0.92%

*  Sundaram S.M.I.L.E Fund - Regular Plan (G) up 0.70%

Equity funds: Top losers

*  UTI Mid Cap Fund (G) down 0.6%

*  DSP BlackRock Small and Mid Cap Fund (G) down 0.55%

*  Franklin India Smaller Companies Fund (G) down 0.55%

Tax saving funds: Top gainers

*  Sundaram Tax Saver (OE) (G) up 0.77%

*  Tata Infrastructure Tax Saving Fund (G) up 0.44%

*  Religare AGILE Tax Fund (G) up 0.41%

Tax saving funds: Top losers

*  JM Tax Gain Fund (G) down 0.83%

* Quantum Tax Saving Fund (G) down 0.5%

*Union KBC Tax Saver Scheme (G) down 0.27%

Sector funds: Top gainers

*  ICICI Prudential FMCG Fund (G) up 1.03%

*  IDFC Strategic Sector (50-50) Equity Fund - Plan A (G) up 0.49%

*  IDFC Strategic Sector (50-50) Equity Fund - Plan B (G) up 0.49%

Sector funds: Top losers

*  UTI Transportation and Logistics Fund (G) down 1.02%

*  ICICI Prudential Banking & Financial Services Fund - Retail Plan (G) down 0.64%

*  Reliance Pharma Fund (G) down 0.37%

Balanced funds: Top gainers

*LIC NOMURA Balanced Fund - C (G) up 0.57%

* Escorts Balanced Fund (G) up 0.44%

* Sundaram Balanced Fund - Regular Plan (G) up 0.35%

Balanced funds: Top losers

*  DSP BlackRock Balanced Fund (G) down 0.18%

* ICICI Prudential Equity & Derivatives Fund - Volatility Advantage Plan (G) down 0.14%

* FT India Balanced Fund (G) down 0.08%

Debt funds: Top gainers

*  HDFC Floating Rate Income Fund - LTP (G) up 0.17%

*  Birla Sun Life Gilt Plus (Regular Plan) (G) up 0.31%

Debt funds: Top losers

* Canara Robeco Dynamic Bond Fund - Retail Plan (G) down 0.02%

*  Canara Robeco Gilt Advantage Fund (G) down 0.01%