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Equity NAVs fell as markets end lower on global woes

Equity Mutual Funds across categories closed in red on Friday as equity benchmarks spooked on global growth concerns and weaker economic data from Germany but Infosys ‘ 7 percent rally on Q2 earnings helped the market cap losses.

October 11, 2014 / 12:55 PM IST

Equity Mutual Funds across categories closed in red on Friday as equity benchmarks spooked on global growth concerns and weaker economic data from Germany but Infosys ’ 7 percent rally on Q2 earnings helped the market cap losses. Performance wise, all the funds in the equity category barring Technology funds closed in negative terrain.


The 30-share BSE Sensex tumbled 339.90 points or 1.28 percent to 26297.38 and the 50-share NSE Nifty closed below the 7900 level, down 100.60 points or 1.26 percent to 7859.95. Largecap indices erased majority of gains seen in previous session. The broader markets were not spared either; the BSE Midcap and Smallcap indices declined fell over 1 percent.


In the fixed income space, all the funds in debt space ended higher as the India's benchmark 10-year bond yield was down 1 bp at 8.46 per cent as traders await Rs 150-billion debt sale results for direction.


Check out all mutual fund gainers & losers


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

Close

Equity diversified: Top gainers


*  ICICI Prudential Indo Asia Equity Fund - Retail Plan (G) up 0.11%
*  UTI - Focussed Equity Fund - Series I (1100 days) - Regular Plan (G) up 0.06%


Equity diversified: Top losers


*  Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 2.65%
*  JM Equity Fund (G) down 2.08%
*  JM Multi Strategy Fund (G) down 2.06%


Tax saving funds: Top gainers


*  No Gainers


Tax saving funds: Top losers


*  JM Tax Gain Fund (G) down 2.31%
*  SBI TAX Advantage Fund - Series I (G) down 2.02%
*  ING Retireinvest Fund - Series I (G) down 2.02%


Sector funds: Top gainers


*  ICICI Prudential Technology Fund (G) up 1.94%
*  SBI IT Fund (G) up 1.61%
*  DSP BlackRock Technology.Com - Regular Plan (G) up 1.31%


Sector funds: Top losers


*  JM Basic Fund (G) down 2.02%
*  Birla Sun Life Banking And Financial Services Fund - Regular Plan (G) down 1.90%
*  Religare Invesco Banking Fund - Regular Plan (G) down 1.84%


Balanced funds: Top gainers


*  No Gainers


Balanced funds: Top losers


*  Principal Balanced Fund (G) down 1.13%
*  ICICI Prudential Balanced Fund (G) down 1.03%
*  LIC NOMURA MF Balanced Fund - C (G) down 1.01%


Debt funds: Top gainers


*  ICICI Prudential Gilt - Treasury Plan - PF Option (G) up 0.17%
*  Indiabulls Gilt Fund (G) up 0.17%
*  ICICI Prudential Income Opportunities Fund (G) up 0.17%


Debt funds: Top losers


*  SBI EDGE Fund (G) down 0.49%


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