Jun 20, 2012, 10.37 AM IST

NAVs surge as market ends higher

All Equity and Balanced funds were seen in a green zone witnessing very few declines. The trading session ended with BSE gaining 154 points to 16,859.80 while NSE was up by 39.60 points to close at 5,103.85.

Source: Moneycontrol.com
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Equity Mutual Funds registered positive returns led by smart market recovery. All Equity and Balanced funds were seen in a green zone witnessing very few declines. In the sector space, barring Technology funds all others categories advanced.


Both the benchmark closed higher amid rangebound trade on Tuesday, led by short covering. The session ended with BSE gaining 154 points to 16,859.80 while NSE was up by 39.60 points to close at 5,103.85.


In the debt space, Long Term and Short term Debt funds declined recording an advance: decline ratio of 30: 44 and 25: 43. Meanwhile both Gilt Long term and Short term funds recovered with no losers. Suresh Prabhu, Money Market Analyst is of the opinion that the high inflation and advance tax outflow may liquidity pressure in the bond market which would eventually impact the performance of debt funds.


Check out all mutual fund gainers & losers


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


 Equity funds: Top gainers


*  Reliance Vision Fund - Retail Plan (G) up 1.08%


*  Religare Equity Fund (G) up 1.04%


*  Baroda Pioneer Infrastructure Fund (G) up 0.99%


Equity funds: Top losers


*  Franklin India Smaller Companies Fund (G) down 0.18%


*  SBI Magnum Emerging Businesses Fund (G) down 0.16%


*  Birla Sun Life India Opportunities Fund - Plan B (G) down 0.11%


Tax saving funds: Top gainers


*  Religare AGILE Tax Fund (G) up 0.96%


*  L&T Tax Advantage Fund - Series I (G) up 0.89%


*  Reliance Equity Linked Saving Fund - Series I (G) up 0.83%


Tax saving funds: Top losers


*  No Losers


Sector funds: Top gainers


*  Reliance Natural Resources Fund (G) up 1.52%


*  Reliance Pharma Fund (G) up 1.17%


*  IDFC Strategic Sector (50-50) Equity Fund - Plan A (G) up 0.97%


Sector funds: Top losers


*  Sundaram Media & Entertainment Opportunities - Retail (G) down 0.56%


*  Sahara R.E.A.L. Fund (G) down 0.30%


*  Reliance Media & Entertainment Fund (G) down 0.22%


Balanced funds: Top gainers


*  Canara Robeco Balance (G) up 0.76%


*  LIC NOMURA Balanced Fund - C (G) up 0.64%


*  Tata Balanced Fund (G) up 0.62%


Balanced funds: Top losers


*  Escorts Balanced Fund (G) down 0.15%


 Debt funds: Top gainers


*  Pramerica Dynamic Bond Fund (G) up 0.07%


*  Birla Sun Life Gilt Plus (Regular Plan) (G) up 0.37%


Debt funds: Top losers


*  Religare Active Income Fund - Retail Plan (G) down 0.01%


*  SBI Magnum Gilt - LTP - PF (Fixed Period - 2 Yr) (G) down 0.01%



 


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