NAVs advance as markets closed with moderate gains

Equity funds were seen gaining in yesterday's session as market closed with moderate gains. All the funds in broader category Large cap advanced with no losers while Small & Mid cap registered a few. Among others, ELSS took the lead with no decline.

In the sectoral front, Banking & Finance and Technology showed excellent performance with no decline. Among defensive sectors, Pharma & Healthcare funds closed in green while FMCG ended mixed.

The markets are trading on easy pace due to lack of any positive triggers. The 30-share BSE Sensex rose 75.71 points to close at 17,633.45 while the 50-share NSE Nifty went up 27.50 points to 5,347.90.

Speaking of debt funds performance, Gilt funds were seen totally under pressure where Gilt Long term ended in a negative terrain while Gilt short ended mixed but positive returns. The other Long and Short term funds delivered decent performance with few decline. The debt market is watching out for the inflation data and is expecting some Govt action on the fiscal front as well.

Check out all mutual fund gainers & losers

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

 Equity funds: Top gainers

*  Axis Mid Cap Fund (G) up 1.21%

*  Reliance Equity Fund - Retail Plan (G) up 1.15%

*  Goldman Sachs Infrastructure Exchange Traded Scheme up 1.13%

Equity funds: Top losers

*  HSBC Small Cap Fund (G) down 0.50%

*  Templeton India Equity Income Fund (G) down 0.17%

*  ICICI Prudential MidCap Fund (G) down 0.13%

Tax saving funds: Top gainers

*  Reliance Tax Saver (ELSS) Fund (G) up 0.99%

*  Quantum Tax Saving Fund (G) up 0.97%

*  Religare Tax Plan (G) up 0.92%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Sundaram Media & Entertainment Opportunities - Retail (G) up 0.82%

*  Tata Life Sciences & Technology Fund (G) up 0.65%

*  Taurus Banking & Financial Services Fund (G) up 0.64%

Sector funds: Top losers

*  ICICI Prudential FMCG Fund (G) down 0.13%

*  UTI Transportation and Logistics Fund (G) down 0.03%

Balanced funds: Top gainers

*  Reliance Regular Savings Fund - Balanced Option (G) up 0.75%

*  JM Balanced Fund (G) up 0.58%

*  UTI Balanced Fund (G) up 0.54%

Balanced funds: Top losers

*  SBI Magnum Balanced Fund (G) down 0.1%

Debt funds: Top gainers

*  UTI Short Term Income Fund - Retail Plan (G) up 0.11%

*  Baroda Pioneer Gilt Fund (G) up 0.07%

Debt funds: Top losers

*  Axis Dynamic Bond Fund (G) down 0.01%

*  Templeton India Govt Sec - Provident Fund (G) down 0.01%