NAVs surged as market continues with its uptrend

Equity funds yet again surged owing to positive global and domestic cues.  The broader indices Large cap and Small & Mid cap were up by 1 % each.  Equity funds including Balanced funds advanced witnessing just few losers.

Among the sectoral space, FMCG and Technology registered no losers while a few were seen in Banking & Finance. All the funds in Pharma & Healthcare sector slumped with no gainers.

The Sensex rose 131.27 points or 0.76%, to close at 17,431.85 while the Nifty went up 34.20 points or 0.65%, to end at 5,269.90 after hitting an intraday low of 5,225.75.

In the debt space, both Short term and Long term debt funds maintained robust performance registering few losers in either 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

*  Goldman Sachs Infrastructure Exchange Traded Scheme up 2.01%
*  IDFC Infrastructure Fund (G) up 1.91%
*  Birla Sun Life India Opportunities Fund - Plan B (G) up 1.59%

Equity funds: Top losers

*  Escorts Infrastructure Fund (G) down 0.35%
*  Escorts Growth Plan (G) down 0.2%

Tax saving funds: Top gainers

*  BNP Paribas Tax Advantage Plan (ELSS) (G) up 1.36%
*  Franklin India Tax Shield (G) up 1.24%
*  Tata Infrastructure Tax Saving Fund (G) up 1.14%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Birla Sun Life New Millennium (G) up 2.42%
*  DSP BlackRock Technology.Com - Regular Plan (G) up 1.86%
*  ICICI Prudential Technology Fund (G) up 1.69%

Sector funds: Top losers

*  UTI Pharma & Healthcare Fund (G) down 1.00%
*  Sundaram Media & Entertainment Opportunities - Retail (G) down 0.84%
*  Reliance Media & Entertainment Fund (G) down 0.72%

Balanced funds: Top gainers

*  LIC NOMURA Balanced Fund - C (G) up 1.00%
*  FT India Balanced Fund (G) up 0.92%
*  HDFC Prudence Fund (G) up 0.78%

Balanced funds: Top losers

*  Sundaram Balanced Fund - Regular Plan (G) down 0.22%

*  Escorts Income Plan (G) up 0.12%
*  Reliance Gilt Securities Fund - Retail Plan (G) up 0.11%

Debt funds: Top losers

*  Principal Income Fund - Short Term Plan (G) down 0.01%
*  Birla Sun Life Gilt Plus (PF Plan) (G) down 0.03%