NAVs ends higher led by positive market rally

It was a wild Wednesday! The equity funds cheered as Benchmark index- Sensex rose by over 353 point led by inflow of foreign money and falling inflation and hopes for rate cuts by RBI. The boarder indices Large cap and Small & Mid cap surge by over1.3% each. None of the funds in any equity category registered any losers thus all ending in green.

As the markets closed surged, all sectoral funds too registered positive returns with decline in any category.

Foreign money played a key role in the current year. The Sensex rose 353.84 points or 1.98%, to close at 18,202.41 and the Nifty gained 114 points or 2.1%, to end at 5,531.95.

In the debt space, the hopes of interest rate cut bolstered performance of debt funds. Both Long term and Short term debt funds advanced registering few losers in either category. (Click here to know more on Debt funds)

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Goldman Sachs Infrastructure Exchange Traded Scheme up 3.94%
*  JM Core 11 Fund (G) up 3.64%
*  Reliance Diversified Power Sector Fund - Retail Plan (G) up 3.64%

Equity funds: Top losers

*  No Losers

Tax saving funds: Top gainers

*  JM Tax Gain Fund (G) up 3.28%
*  SBI TAX Advantage Fund - Series I (G) up 2.81%
*  Quantum Tax Saving Fund (G) up 2.51%

Tax saving funds: Top losers

*  No losers

Sector funds: Top gainers

*  Reliance Banking Exchange Traded Fund up 3.46%
*  UTI Banking Sector Fund (G) up 3.25%
*  Sundaram Financial Services Opportunities - Retail Plan (G) up 3.02%

Sector funds: Top losers

*  No Losers

Balanced funds: Top gainers

*  Principal Retail Equity Saving Fund (G) up 2.07%
*  SBI Magnum Balanced Fund (G) up 1.90%
*  Escorts Balanced Fund (G) up 1.71%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Birla Sun Life Income Plus (Discipline Advantage Plan) up 0.16%

Debt funds: Top losers

*  IDFC Super Saver Income Fund - Regular Plan A (G) down 0.01%
*  Canara Robeco Gilt PGS (G) down 0.01%