NAVs end with positive returns

Equity diversified NAVs ended higher with advance:decline ratio of 142:65. The benchmark Nifty ended flat with a positive bias on settlement day for the month of July 2010.

The 30-share BSE Sensex closed at 17,992, up 34.63 points and the 50-share NSE Nifty rose just 11.35 points to settle at 5,408.90.

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

Short term debt funds also ended marginally higher while long term debt funds closed lower; their advance:decline ratio stood at 56:33 & 15:47, respectively.

• Equity diversified NAVs end higher
• Banking and FMCG funds advance
• Pharma and technology funds decline
• Short term debt funds end marginally higher
• Long term debt funds close lower

Check out all mutual fund gainers & losers

Here is the day’s performance and the gainers and losers across categories.

Equity diversified: Top gainers

• UTI Wealth Builder Fund - Series II - Retail Plan (G) up 0.79%
• Mirae Asset Emerging Bluechip Fund (G) up 0.77%
• Sundaram BNP Paribas Select Small Cap Fund (G) up 0.75%

Equity diversified: Top losers

• Birla Sun Life International Equity Fund - Plan A (G) down 0.85%
• HSBC Small Cap Fund (G) down 0.81%
• JM Agri & Infra Fund (G) down 0.73%

Tax saving funds: Top gainers

• Escorts Tax Plan (G) up 0.44%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 0.40%
• AXIS Tax Saver Fund (G) up 0.37%

Tax saving funds: Top losers

• JM Tax Gain Fund (G) down 0.72%
• Tata Infrastructure Tax Saving Fund (G) down 0.36%
• Reliance Equity Linked Saving Fund - Series I (G) down 0.26%

Sector funds: Top gainers

• Reliance Banking Fund (G) up 1.38%
• JM Financial Services Sector Fund (G) up 1.32%
• Sahara Banking and Financial Services Fund (G) up 1.19%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 1.78%
• JM Basic Fund (G) down 0.90%
• SBI Magnum Pharma Fund (G) down 0.81%

Balanced funds: Top gainers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 0.52%
• Birla Sun Life 95 Fund (G) up 0.31%
• ING Balanced Portfolio (G) up 0.24%

Balanced funds: Top losers

• JM Balanced Fund (G) down 0.31%
• LIC MF Unit Linked Insurance Scheme down 0.18%
• UTI Mahila Unit Scheme (FCO) down 0.13%

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