NAVs slumped led by weak market cues

Equity funds on Monday trading session closed with negative returns led by weak global cues and profit booking after stellar performance in the last four weeks. All the funds in Equity, Sectoral and Balanced witnessed no gainer and ended in red zone.

The BSE benchmark fell 370.68 points or 2.15%, to close at 16,863.30. Meanwhile, the NSE benchmark too ended below the 5100 mark, which dropped 117.40 points or 2.26% to 5,087.30.

In the debt space, Long term and short term debt funds exhibited good show with all the funds ending in green. No declines were registered in any of the category.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  No Gainers

Equity funds: Top losers

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 4.48%
*  JM Core 11 Fund (G) down 4.09%
*  Bharti AXA Focused Infrastructure Fund (G) down 3.19%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  JM Tax Gain Fund (G) down 2.77%
*  Tata Infrastructure Tax Saving Fund (G) down 2.77%
*  L&T Tax Advantage Fund - Series I (G) down 2.33%

Sector funds: Top gainers

*  No Gainers

Sector funds: Top losers

*  Sahara Power & Natural Resources Fund (G) down 2.86%
*  Reliance Banking Exchange Traded Fund down 2.75%
*  ICICI Prudential Banking & Financial Services Fund - Retail Plan (G) down 2.71%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Baroda Pioneer Balance Fund (G) down 1.81%
*  Escorts Balanced Fund (G) down 1.76%
*  Sundaram Balanced Fund - Regular Plan (G) down 1.74%

Debt funds: Top gainers

*  BNP Paribas Flexi Debt Fund - Regular Plan (G) up 0.24%
*  Motilal Oswal MOSt 10 Year Gilt Fund (G) up 0.46%

Debt funds: Top losers

*  No Losers