Strong rally among MF NAVs as mkts end on strong note

It was a strong rally among equity diversified NAVs with advance:decline ratio of 184:2 on the back of the markets, which ended the day on a strong note ahead of the Fed meet today. The Sensex was up 164.69 points or 1.06% at 15669.12, and the Nifty up 51.55 points or 1.15% at 4546.20.

All sectoral funds surged higher. The BSE Bankex, Auto and FMCG indices were up 2.47%, 0.5% and 0.34%, respectively.

Long term debt funds also ended with positive returns, advance:decline ratio of 63:13.

• Strong rally among equity diversified NAVs
• All sectoral funds surge higher
• Long term debt funds end with positive returns

Check out the mutual fund gainers & losers

Among the equity diversified funds, the top gainers were Templeton India Growth Fund (G) up 1.75%, ICICI Pru Discovery Fund (G) up 1.66% and Reliance Regular Savings Fund - Equity Option up 1.61%. The top losers were SBI Arbitrage Opportunities Fund (G) down 0.08%, Standard Chartered Arbitrage Fund - Institutional Plan - Plan B (G) down 0.08% and Standard Chartered Arbitrage Fund - Plan A (G) down 0.08%.

Among the tax saving funds, the top gainers were HSBC Tax Saver Equity Fund (G) up 1.44%, Reliance Tax Saver (ELSS) Fund (G) up 1.41% and Sahara Tax Gain (G) up 1.40%.

Among the sector funds, the top gainers were JM Financial Services Sector Fund (G) up 2.08%, UTI Banking Sector Fund (G) up 1.97% and Reliance Banking Fund (G) up 1.67%. The only loser was Franklin Pharma Fund (G) down 0.33%.

Among the balanced funds, the top gainers were Kotak Dynamic Asset Allocation (G) up 1.77%, BOB Balance Fund (G) up 1.71% and Birla Balance (G) up 1.17%.

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