![]() NAVs surged led positive market rallyPublished on Wed, Feb 01, 2012 at 10:00 | Source : Moneycontrol.com Updated at Wed, Feb 01, 2012 at 12:55
The market soared high in previous trading session led by highest monthly inflow of foreign money since November 2010. Large cap and Mid cap Index uplifted market's sentiment by rising over 1.16%. None of the funds in any equity category posted any decline and ended on a green zone. The sector funds too were on buyer's radar leading to all the funds rising and ending with positive returns. The uptick in the market was caused by various factors, the prominent ones being appreciation in rupee, value buying by institutional investors, rate cut hopes, eurozone progress, better US economic data and Fed's decision to keep rates near zero till the 2014. In the debt market space, the possible rate cut by RBI in its next policy review meeting boosted overall debt market. All the funds offering fixed and floating rate of interest in Short term and Long term category advanced with no decline seen 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 * JM Core 11 Fund (G) up 3.63% Equity funds: Top losers * No Losers Tax saving funds: Top gainers * L&T Tax Advantage Fund - Series I (G) up 2.44% Tax saving funds: Top losers * No Losers Sector funds: Top gainers * Reliance Banking Exchange Traded Fund up 3.91% Sector funds: Top losers * No Losers Balanced funds: Top gainers * Escorts Balanced Fund (G) up 2.03% Balanced funds: Top losers * No Losers Debt funds: Top gainers * Birla Sun Life Income Plus (Discipline Advantage Plan) up 0.13% Debt funds: Top losers * Birla Sun Life Short Term Fund (G) down 0.01%
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Tags: JM Core 11 Fund (G), Principal Dividend Yield Fund (G) , Motilal Oswal MOSt Shares M50 ETF , L&T Tax Advantage Fund - Series I (G) , IDFC Tax Advantage (ELSS) Fund (G), Bharti AXA Tax Advantage Fund - Eco Plan (G) , Reliance Banking Exchange Traded Fund , UTI Banking Sector Fund (G, Religare Banking Fund - Regular Plan (G), Escorts Balanced Fund (G), Sundaram Balanced Fund - Regular Plan (G), DSP BlackRock Balanced Fund (G) , Birla Sun Life Income Plus (Discipline Advantage Plan), Templeton India Govt Sec - Provident Fund (G) , Birla Sun Life Short Term Fund (G) |
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