NAVs end higher as market gains

Equity funds advanced led by positive market rally. As the markets closed higher, all equity and balanced schemes registered positive returns with only few losers in either category. The advance: decline ratio recorded for broader indices funds Large cap and Small & Mid cap were 76: 3 and 33:16 while Equity Diversified, ELSS and Balanced recorded a ratio of 83: 12, 48: 1 and 20:2

In the sectoral space, all the sector funds advanced witnessing no losers barring FMCG.

The Indian market has closed in green for seventh consecutive week making it one of the best market rally in recent times. The Sensex ended at 18289.35 up 135.36 points or 0.75% and the Nifty closed at 5568.35 up 46.40 points or 0.84%.

The debt funds continued to excel showing no signs of decline. Except for few funds in both Short term and Long term funds category, all the others advanced.

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

Equity funds: Top gainers

*  Peerless Equity Fund (G) up 1.75%
*  AIG Infrastructure and Economic Reform Fund - Regular Plan (G) up 1.62%
*  UTI Infrastructure Fund (G) up 1.34%

Equity funds: Top losers

*  Escorts High Yield Equity Plan (G) down 0.72%
*  Taurus Discovery Fund (G) down 0.71%
*  DSP BlackRock Micro Cap Fund - Regular Plan (G) down 0.71%

Tax saving funds: Top gainers

*  IDFC Tax Advantage (ELSS) Fund (G) up 1.17%
*  L&T Tax Advantage Fund - Series I (G) up 1.05%
*  L&T Tax Saver Fund (G) up 1.02%

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 0.05%

Sector funds: Top gainers

*  UTI Banking Sector Fund (G) up 1.49%
*  Reliance Banking Fund (G) up 1.44%
*  Sundaram Financial Services Opportunities - Retail Plan (G) up 1.37%

Sector funds: Top losers

*  Media & Entertainment Opportunities - Retail (G) down 1.60%
*  Reliance Media & Entertainment Fund (G) down 0.89%
*  UTI Transportation and Logistics Fund (G) down 0.41%

Balanced funds: Top gainers

*  Principal Retail Equity Saving Fund (G) up 0.69%
*  Baroda Pioneer Balance Fund (G) up 0.67%
*  Birla Sun Life 95 Fund (G) up 0.62%

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 0.30%
*  SBI Magnum Balanced Fund (G) down 0.10%

Debt funds: Top gainers

*  UTI Dynamic Bond Fund (G) up 0.24%
*  Edelweiss Gilt Fund (G) up 0.14%

Debt funds: Top losers

*  HSBC Income Fund - Investment Plan (G) down 0.01%
*  Tata Gilt Securities - Short Maturity Fund (G) down 0.01%