Mutual Funds NAVs advance led by stable market performance

Equity Funds continued to remain in positive terrain for the second consecutive day led by stable markets.

All the funds in the Equity and Hybrid space advanced registering no decline.

On the sector front, Banking & Finance emerged as the star performer ahead of Reserve Bank of India's monetary policy on March 19.

The market remained in narrow trading range. Steady European markets also boosted sentiment in India. Gaining 109 points, the Sensex ended at 19252, while the Nifty added 34.35 points to close at 5818.60.

The Fixed Income funds maintained its steady outlook led by improved liquidity condition in the debt market. The IIP and inflation data later this month will further decide debt funds movement.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Motilal Oswal MOSt Shares M50 ETF up 2.27%

*  JM Multi Strategy Fund (G) up 2.24%

*  JM Basic Fund (G) up 2.22%

Equity funds: Top losers

*  No Losers

Tax saving funds: Top gainers

*  JM Tax Gain Fund (G) up 1.96%

*  Taurus Tax Shield (G) up 1.91%

*  IDFC Tax Advantage (ELSS) Fund (G) up 1.72%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Taurus Banking & Financial Services Fund (G) up 2.14%

*  UTI Banking Sector Fund (G) up 2.04%

*  Sahara R.E.A.L. Fund (G) up 1.96%

Sector funds: Top losers

*  No Losers

Balanced funds: Top gainers

*  Principal Retail Equity Saving Fund (G) up 1.73%

*  JM Balanced Fund (G) up 1.45%

*  DSP BlackRock Balanced Fund (G) up 1.38%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  ICICI Prudential Income Plan - Institutional Plan (G) up 0.09%

*  ICICI Prudential Gilt - Investment Plan (G) up 0.11%

Debt funds: Top losers

*  No Losers