NAVs end with positive returns; all sectoral funds advance

Equity diversified NAVs ended strong with advance:decline ratio of 245:7, as the benchmark Nifty closed with modest gains on Friday, led by technology, telecom, realty, select oil & gas and financial companies' shares. However, the sell-off was seen in Reliance Industries, HDFC, HDFC Bank, GAIL, ITC, M&M, Reliance Power, Ambuja Cements, Siemens, Sun Pharma, Tata Power and Power Grid along with metal companies' shares.

The 30-share BSE Sensex closed at 17,955.82, up 46.36 points and the 50-share NSE Nifty rose 15.15 points to 5,393.90.

All sectoral funds advanced; the BSE IT, Bank, FMCG and Healthcare indices were up by 1.85%, 0.81%, 0.48% and 0.41%, respectively.
 
Even short term debt funds closed with positive returns while long term debt funds ended mixed; their advance:decline ratio stood at 84:14 & 35:34, respectively.

• Equity diversified NAVs end strong
• All sectoral funds advance
• Short term debt funds close with positive returns
• Long term debt funds end mixed

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 Agri Plan - Retail Plan (G) up 1.27%
• L&T Contra Fund (G) up 1.27%
• IDFC India GDP Growth Fund (G) up 1.19%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 0.29%
• Principal Global Opportunities Fund (G) down 0.27%
• Tata Select Equity Fund (G) down 0.14%

Tax saving funds: Top gainers

• UTI Long Term Advantage Fund (G) up 1.03%
• HDFC Long Term Advantage Fund (G) up 0.94%
• Reliance Tax Saver (ELSS) Fund (G) up 0.86%

Tax saving funds: Top losers

• Birla Sun Life Tax Relief 96 (G) down 0.09%

Sector funds: Top gainers

• UTI Services Industries Fund (G) up 1.10%
• Reliance Banking Fund (G) up 1.10%
• Birla Sun Life Buy India Fund (G) up 0.94%

Sector funds: Top losers

• UTI MNC Fund (G) down 0.05%
• Birla Sun Life MNC Fund (G) down 0.02%

Balanced funds: Top gainers

• ICICI Pru Child Care Plan - Gift Plan up 1.16%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 0.78%
• Birla Sun Life 95 Fund (G) up 0.76%

Balanced funds: Top losers

• No Losers

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