NAVs ends lower led by weak market sentiment

In the sector space, barring Pharma & Healthcare all others posted slumped with no gainers recorded.

The sliding rupee has hit market very hard. The BSE benchmark closed 15,948.10, down 78.31 points or 0.49% and NSE benchmark dropped 24.85 points or 0.51% to 4,835.65.

On the debt front, both Short term and Long term categories continued to advance supported by RBI's bond purchase. According to Dhawal Dalal, DSP BlackRock bond prices will likely react positively in near term.

Check out all mutual fund gainers & losers

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

 Equity funds: Top gainers

*  Axis Mid Cap Fund (G) up 0.40%

*  Tata Growth Fund (G) up 0.12%

*  Edelweiss Equity Enhancer Fund - Plan C (G) up 0.10%

Equity funds: Top losers

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 1.46%

*  HSBC Small Cap Fund (G) down 1.24%

*  Escorts Leading Sectors Fund (G) down 0.97%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  Religare Tax Plan (G) down 0.75%

*  Axis Long Term Equity Fund (G) down 0.69%

*  Sahara Tax Gain (G) down 0.67%

Sector funds: Top gainers

*  Reliance Natural Resources Fund (G) up 0.29%

*  Franklin Infotech Fund (G) up 0.24%

*  Reliance Pharma Fund (G) up 0.22%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 0.89%

*  Sahara Power & Natural Resources Fund (G) down 0.80%

*  Sahara Banking and Financial Services Fund (G) down 0.73%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  JM Balanced Fund (G) down 0.55%

*  DSP BlackRock Balanced Fund (G) down 0.55%

*  FT India Balanced Fund (G) down 0.44%

Debt funds: Top gainers

*  JP Morgan India Active Bond Fund - Retail Plan (G) up 0.09%

*  Motilal Oswal MOSt 10 Year Gilt Fund (G) up 0.09%

Debt funds: Top losers

*  Taurus Dynamic Income Fund (G) down 0.01%

*  Birla Sun Life G-Sec. Fund - Short Term Fund - Retail Plan (G) down 0.01%