NAVs decline as markets ended lower

Equity Mutual Funds closed with negative returns as markets plunged owing to increasing concerns looming over US fiscal, weak global economic growth and geo-political tensions in Middle East. All the major equity categories like Large Cap, Small & Mid cap, Diversified Equity, ELSS and others succumb under  market pressure and were seen in red.

 
The sectoral funds were too seen on similar lines with all the categories registering
 
The 30-share BSE Sensex fell 147.50 points to close at 18,471.37 after losing as much as 210 points to intraday low of 18,408.69.
 
The debt funds, on the other hand, continued to deliver robust performance owing to lower than expected WPI inflation number. Both Long and Short term funds advanced registering no decline. Here is the day's performance and the gainers and losers across categories Equity funds: Top gainers

*  Escorts Leading Sectors Fund (G) up 2.65% *  Escorts Growth Plan (G) up 1.79%

*  Taurus Discovery Fund (G) up 1.17% Equity funds: Top losers

*  Religare AGILE Fund (G) down 1.64%

*  JM Core 11 Fund (G) down 1.28%

*  IDFC Imperial Equity Fund - Plan A (G) down 1.21% Tax saving funds: Top gainers

*  Escorts Tax Plan (G) up 1.71%

*  IDFC Tax Advantage (ELSS) Fund (G) up 0.79%

*  Sahara Tax Gain (G) up 0.65% Tax saving funds: Top losers

*  Religare AGILE Tax Fund (G) down 1.48% *  HSBC Tax Saver Equity Fund (G) down 1.22%

*  UTI Equity Tax Savings Plan (G) down 1.06% Sector funds: Top gainers

*  Sundaram Media & Entertainment Opportunities - Retail (G) up 5.77%

*  Reliance Media & Entertainment Fund (G) up 3.14%

*  Sahara R.E.A.L. Fund (G) up 1.03% Sector funds: Top losers

*  Franklin Infotech Fund (G) down 2.35%

*  Reliance Natural Resources Fund (G) down 1.35%

*  Birla Sun Life New Millennium (G) down 1.31% Balanced funds: Top gainers

*  Reliance Regular Savings Fund - Balanced Option (G) up 0.54%

*  SBI Magnum Balanced Fund (G) up 0.33%

*  Principal Balanced Fund (G) up 0.03% Balanced funds: Top losers

*  LIC NOMURA MF Balanced Fund - C (G) down 0.53%

*  Birla Sun Life 95 Fund (G) down 0.52%

*  Principal Retail Equity Saving Fund (G) down 0.51% Debt funds: Top gainers

*  Tata Income Plus Fund - Plan B (G) up 0.20% *  IDFC G-Sec. Fund - Investment Plan - Institutional Plan B (G) up 0.24% Debt funds: Top losers

*  No Losers