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Equity Mutual Fund NAVs end mixed as markets end flat

Equity Mutual Funds delivered mixed returns as the market ended with marginal losses in late trade on Tuesday.

May 20, 2015 / 09:48 AM IST

Equity Mutual Funds delivered mixed returns as the market ended with marginal losses  in late trade on Tuesday. HDFC and Tata Motors lost 2 percent while ONGC, Bajaj Auto and HUL were major laggards in the Sensex. IT stocks saw some good buying interest with gainers like Wipro and Infosys. Hero Motocorp gained 2 percent. Tata Steel added over 1 percent ahead of announcing March quarter results tomorrow.  Funds in the broader market based like Small & Mid Cap, Large cap, Diversified Equity, Thematic Infrastructure and ELSS funds ended with mixed returns, whereas Index funds lost the most.

Among the sector space, Pharma & Healthcare, technology and FMCG funds witnessed gain, while Banking & Finance funds succumb under market pressure.

The Sensex was down 41.77 points at 27645.53 and the Nifty was down 8 points or at 8365.65. Auto, Oil and Bankex ended in red.

According to Raamdeo Agrawal of Motilal Oswal Securities, share prices are unlikely to fall much from current levels, as the worst appears to be behind value investor. He thinks though there are some lingering concerns about the delivery of promised reforms by the government, investors in the US are convinced about the India growth story.

Among fixed income funds, both Long term and Short term funds maintained steady performance. Himanshu Arora, Religare said, "The Bond markets will take cues from hopes of a rate cut after recent inflation numbers which are currently supporting yields. Expectations of a new paper launch could give further direction. Yields are expected to remain low in the range of 7.77-7.84%."


Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

*  BNP Paribas Mid Cap Fund (G) up 1.07%
*  IDFC Infrastructure Fund - Regular Plan (G) up 0.77%
*  IDFC Premier Equity Fund - Regular Plan (G) up 0.75%

Equity diversified: Top losers

*  Sundaram Value Fund - Series I - Regular Plan (G) up 0.71%
*  JM Equity Fund (G) up 0.55%
*  JM Core 11 Fund (G) up 0.51%

Tax saving funds: Top gainers

*  BNP Paribas Long Term Equity Fund (G) up 0.71%
*  Escorts Tax Plan (G) up 0.64%
*  BOI AXA Tax Advantage Fund - Retail Plan (G) up 0.40%

Tax saving funds: Top losers

*  JM Tax Gain Fund (G) down 0.41%
*  Birla Sun Life Tax Relief 96 (G) down 0.28%
*  HSBC Tax Saver Equity Fund (G) down 0.26%

Sector funds: Top gainers

*  SBI IT Fund (G) up 0.97%
*  Birla Sun Life New Millennium (G) up 0.90%
*  Reliance Media & Entertainment Fund (G) up 0.72%

Sector funds: Top losers

*  Baroda Pioneer PSU Equity Fund (G) down 0.36%
*  Taurus Banking & Financial Services Fund (G) down 0.35%
*  Baroda Pioneer Banking and Financial Services Fund (G) down 0.31%

Balanced funds: Top gainers

*  HDFC Prudence Fund (G) up 0.28%
*  Canara Robeco Balance (G) up 0.27%
*  Baroda Pioneer Balance Fund (G) up 0.26%

Balanced funds: Top losers

*  Birla Sun Life Dynamic Asset Allocation Fund (G) down 0.19%
*  JM Balanced Fund (G) down 0.12%
*  SBI Magnum Balanced Fund (G) down 0.05%

Debt funds: Top gainers

*  IDFC G-Sec. Fund - Investment Plan - Regular Plan (G) up 0.52%
*  IDFC G-Sec. Fund - Provident Fund - Regular Plan (G) up 0.51%
*  IDFC G-Sec. Fund - PF Institutional Plan B (G) up 0.51%

Debt funds: Top losers

*  SBI EDGE Fund (G) down 0.14%
*  Motilal Oswal MOSt Focused Long Term Fund - Regular Plan (G) down 0.08%
*  JPMorgan India Equity Income Fund - Regular Plan (G) down 0.03%

For more Mutual Fund News click here >>

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