NAVs see sharp decline as mkts crash

As the benchmark indices retreated sharply and snapped the two-day rally on the back of profit booking in heavyweights, equity diversified NAVs also declined with advance:decline ratio of 5:218. Infrastructure, rate sensitives, commodities and telecom stocks witnessed huge selling pressure.

The 30-share BSE Sensex closed at 10,947.40, down 337.33 points or 2.99% and the 50-share NSE Nifty ended at 3369.50, down 3.29% or 114.65 points. Broader indices - the BSE Midcap Index shut shop at 3,438.73, down 163.16 points or 4.53% and the Smallcap Index declined 4.72% or 194.46 points, to settle at 3,928.99.

On the sectoral front, auto, banking, pharma and technology funds slipped while FMCG funds advanced. BSE Bank, Auto, IT and Healthcare indices fell by 3.11%, 2.63%, 2.16% and 1.76%, respectively. However, FMCG Index gained 1.92%.

• Equity diversified NAVs decline
• Auto, banking, pharma and technology funds slip
• FMCG funds advance

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) up 1.34%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 1.06%
• HSBC Emerging Markets Fund (G) up 0.42%

Equity diversified: Top losers

• Taurus Infrastructure Fund (G) down 5.98%
• SBI Magnum Midcap Fund (G) down 5.84%
• Sundaram BNP Paribas Capex Opportunities Fund (G) down 5.51%

Tax saving funds: Top gainers

• Religare AGILE Tax Fund (G) up 0.18%

Tax saving funds: Top losers

• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 6.52%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 6.44%
• Birla Sun Life Tax Relief 96 (G) up 4.24%

Sector funds: Top gainers

• ICICI Pru FMCG Fund (G) up 1.88%
• SBI Magnum FMCG Fund up 1.06%
• Franklin FMCG Fund (G) up 1.02%

Sector funds: Top losers

• Reliance Media & Entertainment Fund (G) up 5.63%
• JM Basic Fund (G) up 5.18%
• JM Telecom Sector Fund (G) up 4.66%

Balanced funds: Top gainers

• UTI Mahila Unit Scheme (G) up 0.31%
• Birla Sun Life Balance (G) up 0.62%
• Templeton India Pension Plan (G) up 0.62%

Balanced funds: Top losers

• Kotak Dynamic Asset Allocation (G) up 3.68%
• Principal Child Benefit Fund - Future Guard Plan up 2.97%
• Principal Child Benefit Fund - Career Builder Plan up 2.96%

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