NAVs end higher; FMCG, pharma funds advance

Equity diversified NAVs ended higher with advance:decline ratio of 189:41. The benchmark indices closed flat, after trading extremely volatile throughout the session on Thursday, ahead of the railway budget on July 3. The sell-off in European markets also put pressure on the benchmark indices. Metal, power stocks along with ONGC were the gainers while capital goods, banking, auto and telecom stocks along with Reliance Industries witnessed selling pressure.
 
The 30-share BSE Sensex closed at 14,658.49, up 0.09% or 13.02 points and the 50-share NSE Nifty ended at 4348.85, up 0.18% or 7.95 points.

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

• Equity diversified NAVs end higher
• FMCG and pharma funds advance
• Banking and technology funds decline

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) down 3.43%
• SBI Magnum Midcap Fund (G) down 2.34%
• SBI Magnum Comma Fund (G) down 2.21%

Equity diversified: Top losers

• JM Mid Cap Fund (G) down 1.09%
• Morgan Stanley Growth Fund (G) down 0.82%
• Religare AGILE Fund (G) down 0.80%

Tax saving funds: Top gainers

• LIC MF Tax Plan (G) up 1.80%
• SBI Magnum Tax Gain Scheme (G) up 1.56%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 0.89%

Tax saving funds: Top losers

• Religare AGILE Tax Fund (G) down 0.68%
• Franklin India Tax Shield (G) down 0.39%
• Reliance Tax Saver (ELSS) Fund (G) down 0.29%

Sector funds: Top gainers

• SBI Magnum IT Fund up 1.90%
• Reliance Pharma Fund (G) up 1.45%
• Reliance Diversified Power Sector Fund - Retail Plan (G) up 1.33%

Sector funds: Top losers

• JM Financial Services Sector Fund (G) down 1.00%
• Birla Sun Life New Millennium (G) down 0.72%
• Reliance Banking Fund (G) down 0.53%

Balanced funds: Top gainers

• SBI Magnum Balanced Fund (G) up 0.94%
• LIC MF Balanced Fund - C (G) up 0.91%
• Reliance Regular Savings Fund - Balanced Option (G) up 0.87%

Balanced funds: Top losers

• Baroda Pioneer Balance Fund (G) down 0.56%
• HDFC Childrens Gift Fund - Investment Plan down 0.23%
• Templeton (I) Childrens Asset Plan - Gift Plan (G) down 0.19%

For more Mutual Fund News click here