NAVs ends mixed as markets closed with moderate gains

Equity funds managed to end in green with majority of funds registering positive returns. The advance: decline ratio recorded for the funds belonging to boarder indices Large cap and Small & Mid cap were 55: 22 and 37:11. Among others equity category, the ratio recorded was29:16 for ELSS, 69: 24 for Equity Diversified and 13: 9 for Balanced funds.

The sector funds however were not seen gaining and closed in red. None of the sector category registered any positive returns.

The Sensex shuts shop at 17772.84 up 24.15 points or 0.14% and the Nifty closed at 5390.20 up 8.60 points or 0.16%. While the rally appears to have lost its steam, it has refused to drift lower.

In the debt market, debt funds were seen gaining subsequent to the release of India's industrial production output data which indicated to grow less than economists estimated, bolstering the case for the RBI to lower interest rates. Both Short term and Long term category funds advanced owing to RBI's hint to cur interest rate if inflation falls below their comfort level. Short term debt funds witnessed no loser while advance: decline ratio recorded for Long term and Gilt Long term was 66: 7 and 30:18 respectively. (Click here to know all about Fixed income instrument)

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Sahara Star Value Fund (G) up 0.93%
*  Religare AGILE Fund (G) up 0.92%
*  Templeton India Growth Fund (G) up 0.86%

Equity funds: Top losers

*  Escorts Leading Sectors Fund (G) down 0.89%
*  HSBC Midcap Equity Fund (G) down 0.87%
*  Escorts Infrastructure Fund (G) down 0.76%

Tax saving funds: Top gainers

*  Religare AGILE Tax Fund (G) up 0.96%
*  ICICI Prudential R.I.G.H.T. Fund (G) up 0.95%
*  HDFC Long Term Advantage Fund (G) up 0.71%

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 0.46%
*  Reliance Tax Saver (ELSS) Fund (G) down 0.35%
*  Sundaram Tax Saver (OE) (G) down 0.22%

Sector funds: Top gainers

*  UTI Transportation and Logistics Fund (G) up 1.08%
*  Tata Life Sciences & Technology Fund (G) up 0.43%
*  Sundaram Media & Entertainment Opportunities - Retail (G) up 0.40%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 1.20%
*  Reliance Natural Resources Fund (G) down 0.64%
*  DSP BlackRock Technology.Com - Regular Plan (G) down 0.51%

Balanced funds: Top gainers

*  HDFC Balanced Fund (G) up 0.43%
*  FT India Balanced Fund (G) up 0.43%
*  ICICI Prudential Equity & Derivatives Fund - Volatility Advantage Plan (G) up 0.42%

Balanced funds: Top losers

*  Reliance Regular Savings Fund - Balanced Option (G) down 0.25%
*  Escorts Balanced Fund (G) down 0.22%
*  Principal Balanced Fund (G) down 0.21%

Debt funds: Top gainers

*  Fidelity Flexi Bond Fund - Institutional Plan (G) up 0.10%
*  Sahara Gilt Fund (G) up 0.07%

Debt funds: Top losers

*  Reliance Dynamic Bond Fund (G) down 0.01%
*  UTI G-Sec Investment Plan (G) down 0.01%