NAVs end with positive returns

Equity diversified NAVs ended higher with advance:decline ratio of 244:5, despite the markets closed on a flat note. The sell-off in heavyweights like ICICI Bank, HUL, Infosys, HDFC, ITC and DLF hammered the Nifty to close just near to its previous day's closing value. However, buying interest remained in telecom, metal, cement, pharma, oil & gas and select technology stocks, which capped all the losses. Heavyweight Reliance Industries ended flat.
 
The 30-share BSE Sensex closed 17,185.68, up 15.77 points and the 50-share NSE Nifty gained 8.45 points at 5,131.70.

On the sectoral front, banking funds declined while pharma funds advanced. FMCG and technology funds ended mixed with negative bias.

Short term debt funds ended with positive returns while long term debt funds closed with negative returns; their advance:decline ratio stood at 65:24 and 26:50, respectively.

• Equity diversified NAVs end higher
• Banking funds declined
• Pharma funds advance
• FMCG and technology funds end mixed with negative bias
• Short term debt funds end with positive returns
• Long term debt funds close with negative 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

• JM Emerging Leaders Fund (G) up 2.41%
• Sundaram BNP Paribas Media & Entertainment Opportunities - Retail (G) up 1.94%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 1.84%

Equity diversified: Top losers

• Escorts Growth Plan (G) down 0.41%
• JM HI FI Fund (G) down 0.29%
• AIG Infrastructure and Economic Reform Fund - Regular Plan (G) down 0.07%

Tax saving funds: Top gainers

• JM Tax Gain Fund (G) up 1.65%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 1.08%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 1.08%

Tax saving funds: Top losers

• Religare AGILE Tax Fund (G) down 0.14%

Sector funds: Top gainers

• Reliance Pharma Fund (G) up 1.75%
• Tata Life Sciences & Technology Fund (G) up 1.43%
• Franklin Pharma Fund (G) up 1.39%

Sector funds: Top losers

• Sahara Banking and Financial Services Fund (G) down 0.52%
• JM Financial Services Sector Fund (G) down 0.47%
• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) down 0.26%

Balanced funds: Top gainers

• Canara Robeco Balance (G) up 0.81%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 0.72%
• Reliance Regular Savings Fund - Balanced Option (G) up 0.68%

Balanced funds: Top losers

• Escorts Balanced Fund (G) down 0.08%
• JM Balanced Fund (G) down 0.07%

For more Mutual Fund News click here