NAVs ends higher as market slides up

Equity funds continue to zoom up led by positive market rally. Market ends higher reacting to the approval for Greek's second debt deal. The broader indices Large cap and Small & Mid cap were up by over 1%. all equity and balanced schemes registered positive returns with only few losers in either category.

The sector funds too responded to the Benchmarks uptick and ended in green. Barring Pharma & Healthcare all other sector funds advanced.

The Benchmark Nifty gained 42.85 points or 0.77% and closed at 5,607.15. Meanwhile, the BSE benchmark Sensex rose 139.26 points or 0.76%, to end at 18,428.61.  

It was a happy day for the markets as debt funds too ended in green with no losers registered in both Short term and Long term debt funds offering fixed and floating rate of interest.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  BNP Paribas Mid Cap Fund (G) up 1.15%
*  IDFC Imperial Equity Fund - Plan A (G) up 1.12%
*  IDFC Imperial Equity Fund - Plan B (G) up 1.11%

Equity funds: Top losers

*  Birla Sun Life Buy India Fund (G) down 0.07%
*  AIG Infrastructure and Economic Reform Fund - Regular Plan (G) down 0.07%
*  Sundaram Select Small Cap Fund (G) down 0.07%

Tax saving funds: Top gainers

*  SBI TAX Advantage Fund - Series I (G) up 1.55%
*  BNP Paribas Tax Advantage Plan (ELSS) (G) up 0.98%
*  Sundaram Tax Saver (OE) (G) up 0.90%

Tax saving funds: Top losers

*  Reliance Equity Linked Saving Fund - Series I (G) down 0.57%

Sector funds: Top gainers

*  Sundaram Media & Entertainment Opportunities - Retail (G) up 1.44%
*  ICICI Prudential Banking & Financial Services Fund - Retail Plan (G) up 1.06%
*  Sahara Banking and Financial Services Fund (G) up 1.03

Sector funds: Top losers

*  SBI Magnum Pharma Fund (G) down 0.20%
*  UTI Pharma & Healthcare Fund (G) down 0.18%
*  Franklin Infotech Fund (G) down 0.1%

Balanced funds: Top gainers

*  Principal Retail Equity Saving Fund (G) up 0.67%
*  Sundaram Balanced Fund - Regular Plan (G) up 0.61%
*  Baroda Pioneer Balance Fund (G) up 0.60%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Kotak Bond (Deposit Plan) (G) up 0.14%
*  Motilal Oswal MOSt 10 Year Gilt Fund (G) up 0.16

Debt funds: Top losers

*  No Losers