Mutual Fund NAVs gain as markets end flat

Equity and Debt Mutual Funds closed in a positive terrain as the Indian shares gave up afternoon gains to close about flat, even as property shares zoomed on a Delhi government decision to increase the city’s floor area ratio.

The Sensex closed 48 points up, or 0.17 percent, to 28,386 while the Nifty gained 13 points, or 0.15 percent, to 8,475.

In the fixed income space, debt funds maintained steady outlook and closed with positive returns with few decline as the Indian bonds ended slightly higher on Wednesday as falling oil prices reinforced hopes that the central bank would cut interest rates as early as its policy review next week, although caution ahead of economic growth data limited broader gains. Mohan Shenoi of Kotak Mahindra Bank said, with an open market operations (OMO) sale scheduled just before the policy, the bond market is expected to turn cautious. The 10-year benchmark is expected to trade today in a 8.15-8.20 percent range.

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

*  Escorts Power and Energy Fund (G) up 2.11%*  DSP BlackRock Small and Mid Cap Fund (G) up 1.36%*  Sundaram Select Micro Cap - Series V - Regular Plan (G) up 1.17%

Equity diversified: Top losers

*  Franklin India Opportunities Fund (G) down 0.45%*  Sundaram Media & Entertainment Opportunities - Retail (G) down 0.31%*  L&T Indo Asia Fund (G) down 0.30%

Tax saving funds: Top gainers

*  ICICI Prudential Equity Savings Fund - Series 1 (G) up 0.83%*  Quantum Tax Saving Fund (G) up 0.55%*  HDFC Tax Saver (G) up 0.44%

Tax saving funds: Top losers

*  ICICI Prudential R.I.G.H.T. Fund (G) down 0.24%*  Birla Sun Life Focused Equity Fund - Series 2-Regular Plan (G) down 0.21%*  Birla Sun Life Focused Equity Fund - Series 1-Regular Plan (G) down 0.21%

Sector funds: Top gainers

*  ICICI Prudential FMCG Fund (G) up 1.67%*  SBI FMCG Fund (G) up 1.33%*  Reliance Diversified Power Sector Fund - Retail Plan (G) up 1.04%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 0.79%*  SBI Pharma Fund (G) down 0.51%*  Baroda Pioneer Banking and Financial Services Fund (G) down 0.38%

Balanced funds: Top gainers

*  Canara Robeco Balance (G) up 0.38%*  UTI CCP Advantage Fund (G) up 0.36%*  SBI Magnum Balanced Fund (G) up 0.32%

Balanced funds: Top losers

*  Franklin India Balanced Fund (G) down 0.21%*  HDFC Balanced Fund (G) down 0.13%*  Edelweiss Absolute Return Fund (G) down 0.11%

Debt funds: Top gainers

*  ICICI Prudential Gilt - Treasury Plan - PF Option (G) up 0.17%*  SBI Inflation Indexed Bond Fund - Regular Plan (G) up 0.17%*  DWS Inflation Indexed Bond Fund - Regular Plan (G) up 0.15%

Debt funds: Top losers

*  ICICI Prudential Income Opportunities Fund (G) down 0.02%

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