NAVs end mixed with negative bias

Equity diversified NAVs ended mixed with negative bias and their advance:decline ratio stood at 83:152 as the benchmark Nifty closed the session on a flat note on Friday following indecisive move in European and US index futures, especially ahead of stress test results of 91 European banks today. In early trade today, the markets were positive on the back of 2-2.5% rally in the US markets on Thursday and good Asian cues.

The 30-share BSE Sensex closed at 18,130.98, down 17.83 points and the 50-share NSE Nifty rose 7.15 points to settle at 5,449.10.

On the sectoral front, Banking and FMCG Funds advance while MNC, Pharma and Tecnology funds closed mixed.

Long and short term debt funds finished with positive returns; their advance:decline ratio stood at 73:9 and 54:17, respectively.

• Equity diversified NAVs end mixed with negative bias
• FMCG and Banking funds advance
• MNC, Technology funds and Pharma funds close mixed
• Long and short term debt funds finish 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 1.96%
• Birla Sun Life International Equity Fund - Plan A (G) up 1.92%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 1.76%

Equity diversified: Top losers

• Tata Service Industries Fund (G) down 0.89%
• JM Agri & Infra Fund (G) down 0.85%
• Sundaram BNP Paribas Media & Entertainment Opportunities - Retail (G) down 0.77%

Tax saving funds: Top gainers

• Birla Sun Life Tax Plan (G) up 0.38%
• Sundaram BNP Paribas Tax Saver (OE) (G) up 0.36%
• Franklin India Tax Shield (G) up 0.31%

Tax saving funds: Top losers

• JM Tax Gain Fund (G) down 1.00%
• SBI Magnum Tax Gain Scheme (G) down 0.44%
• Quantum Tax Saving Fund (G) down 0.42%

Sector funds: Top gainers

• JM Telecom Sector Fund (G) up 2.45%
• Sahara Banking and Financial Services Fund (G) up 0.74%
• SBI Magnum FMCG Fund up 0.70%

Sector funds: Top losers

• Reliance Media & Entertainment Fund (G) down 0.94%
• JM Basic Fund (G) down 0.92%
• Franklin Pharma Fund (G) down 0.63%

Balanced funds: Top gainers

• HDFC Childrens Gift Fund - Investment Plan up 0.52%
• Principal Balanced Fund (G) up 0.29%
• Birla Sun Life Freedom Fund (G) up 0.28%

Balanced funds: Top losers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 0.51%
• Escorts Balanced Fund (G) down 0.34%
• Tata Young Citizens Fund down 0.32%

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