NAVs surge; all sectoral funds advance

As the benchmark indices lifted higher by positive global cues and huge buying in the high beta stocks, equity diversified NAVs ended higher. The rally was led by infrastructure (capital goods + power), metal, rate sensitive and oil & gas stocks.

The broader indices outperformed the benchmark indices; the BSE Midcap Index went up 4.15% and Smallcap Index rose 4.6%. The 30-share BSE Sensex closed at 14,253.24, up 399.54 points or 2.88% and the 50-share NSE Nifty surged 2.97% or 122.10 points, to settle at 4233.50.

All sectoral funds advanced; BSE Bank, Healthcare, FMCG and IT indices were up by 2.56%, 2.33%, 1.38% and 0.62%, respectively.

Short term debt funds also ended with positive returns while long term debt funds closed mixed with negative bias; their advance:decline ratio stood at 63:23 and 33:44, respectively.  

• Equity diversified NAVs end higher
• All sectoral funds advance
• Short term debt funds end with positive returns
• Long term debt funds close mixed with negative bias

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• JM Agri & Infra Fund (G) up 4.85%
• Principal Junior Cap Fund (G) up 4.78%
• Sundaram BNP Paribas Select Small Cap Fund (G) up 4.66%

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 4.37%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 4.37%
• Sundaram BNP Paribas Tax Saver (OE) (G) up 3.70%

Sector funds: Top gainers

• JM Financial Services Sector Fund (G) up 4.36%
• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) up 3.91%
• UTI-Transportation and Logistics Fund (G) up 3.86%

Balanced funds: Top gainers

• Kotak Dynamic Asset Allocation (G)  up 3.65%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G)  up 3.00%
• Tata Balanced Fund (G)  up 2.82%

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