Mutual Funds surge as market continue with upward rally

Equity Mutual Funds sustained upward rally as benchmark indices continued to be on a roll on Thursday. Driven by the markets positive performance, all equity and balanced funds ended in green registering no decline.

The sector funds were also in line with the markets movement witnessing no decline.

The market session ended with Sensex at 19735.77, up 231.59 points and the Nifty gained 69.15 points to close at 5999.35.

The Fixed Income funds in Long and Short term space gained ahead of RBI policy review registering no decline in either category. Given cooling wholesale price inflation and sluggish industrial output, the market is almost certain that the RBI will cut interest rate by 25 basis points at its policy review meeting on Friday.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Escorts Infrastructure Fund (G) up 1.57%

* DSP BlackRock India T.I.G.E.R. Fund - Regular Plan (G) up 1.42%

* Canara Robeco Equity Diversified (G) up 1.40%.

Equity funds: Top losers

*  No losers

Tax saving funds: Top gainers

* Axis Long Term Equity Fund (G) up 1.40%

* L&T Long Term Advantage Fund - I (G) up 1.39% 

* Canara Robeco Equity Tax Saver (G) up 1.39%

Tax saving funds: Top losers

*  No losers

Sector funds: Top gainers

*  DSP BlackRock Technology.Com - Regular Plan (G) up 1.60%

* Canara Robeco F.O.R.C.E Fund - Regular Plan (G) up 0.88%

* Baroda Pioneer Banking and Financial Services Fund (G) up 0.85%

Sector funds: Top losers

*  No losers

Balanced funds: Top gainers

*  Escorts Infrastructure Fund (G) up 1.57%

* DSP BlackRock India T.I.G.E.R. Fund - Regular Plan (G) up 1.42%

* Canara Robeco Equity Diversified (G) up 1.40%.

Balanced funds: Top losers

*  No losers

Debt funds: Top gainers

*  DSP BlackRock Strategic Bond Fund - Institutional Plan (G) up 0.19%

* Canara Robeco Gilt PGS (G) up 0.12%.

Debt funds: Top losers

*  No losers