NAVs end higher; banking, FMCG funds advance

Equity diversified NAVs ended higher with advance:decline ratio of 175:66. The benchmark Nifty closed above the psychological 5300 mark. Positive global cues, and buying in capital goods, banking & financial, realty, cement, telecom, FMCG and select oil & gas helped the Nifty and the Sensex to close at more than two-year highs. However, technology, select metal and power stocks along with Reliance Industries were under pressure.

The 30-share BSE Sensex closed at 17,711.35, up 66.59 points or 0.38%. The 50-share NSE Nifty rose 0.39% or 20.85 points to settle at 5302.85.

On the sectoral front, banking and FMCG funds advanced while pharma and technology funds declined.

Long and short term debt funds also closed with positive returns.

• Equity diversified NAVs end higher
• Banking and FMCG funds advance
• Pharma and technology funds decline
• Long and 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 1.37%
• Edelweiss Absolute Return Equity Fund (G) up 0.96%
• ING Dividend Yield Fund (G) up 0.87%

Equity diversified: Top losers

• Birla Sun Life India Opportunities Fund - Plan B (G) down 1.09%
• SBI Magnum Midcap Fund (G) down 1.05%
• Sahara Midcap Fund (G) down 0.77%

Tax saving funds: Top gainers

• AXIS Tax Saver Fund (G) up 0.95%
• L & T Tax Advantage Fund - Series I (G) up 0.84%
• JM Tax Gain Fund (G) up 0.71%

Tax saving funds: Top losers

• Bharti AXA Tax Advantage Fund - Eco Plan (G) down 0.52%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) down 0.52%
• Reliance Equity Linked Saving Fund - Series I (G) down 0.20%

Sector funds: Top gainers

• SBI Magnum FMCG Fund up 1.20%
• Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) up 0.89%
• JM Financial Services Sector Fund (G) up 0.86%

Sector funds: Top losers

• Reliance Media & Entertainment Fund (G) down 1.04%
• JM Basic Fund (G) down 0.66%
• UTI Services Industries Fund (G) down 0.43%

Balanced funds: Top gainers

• LIC MF Unit Linked Insurance Scheme up 0.48%
• Baroda Pioneer Balance Fund (G) up 0.50%
• LIC MF Balanced Fund - C (G) up 0.53%

Balanced funds: Top losers

• ICICI Pru Child Care Plan - Gift Plan down 0.36%
• Tata Young Citizens Fund down 0.27%
• Reliance Regular Savings Fund - Balanced Option (G) down 0.13%

For more Mutual Fund News click here