NAVs plunge in the declining market

Equity Funds continues to lose in the volatile market condition. None of the funds in the equity domain could withhold market pressure and thus closed in a negative terrain. Funds particularly belonging to Banking & Finance space were hit the most in yesterday’s session after government estimates showed that India's FY13 growth could be worse than expected.

The Sensex fell on Thursday, to its lowest close in one-and-a-half months down by 0.26 percent while Nifty ended down 0.31 percent.

Among Fixed Income funds, both Long and Short term delivered good performance registering no decline led by improved sentiment in the debt market.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Templeton India Growth Fund (G) up 0.19%

Equity funds: Top losers

*  Reliance Infrastructure Fund - Retail Plan (G) down 1.63%

*  Reliance Growth Fund - Retail Plan (G) down 1.5%

*  HSBC Small Cap Fund (G) down 1.47%

Tax saving funds: Top gainers

*  JM Tax Gain Fund (G) up 0.06%

Tax saving funds: Top losers

*  SBI TAX Advantage Fund - Series I (G) down 1.05%

*  IDFC Tax Advantage (ELSS) Fund (G) down 0.88%

*  HDFC Tax Saver (G) down 0.81%

Sector funds: Top gainers

*  SBI IT Fund (G) up 0.56%

*  Franklin Infotech Fund (G) up 0.48%

*  Birla Sun Life New Millennium (G) up 0.15%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 1.48%

*  SBI Pharma Fund (G) down 1.43%

*  Sundaram Media & Entertainment Opportunities - Retail (G) down 1.38%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 0.98%

*  HDFC Prudence Fund (G) down 0.68%

*  Tata Balanced Fund (G) down 0.66%

Debt funds: Top gainers

*  ICICI Prudential Income Opportunities Fund - Institutional Plan (G) up 0.33%

*  Kotak Gilt Investment PF & Trust Plan - Direct Plan (G) up 0.36%

Debt funds: Top losers

*  No Losers