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Mutual Funds decline as markets end lower

Equity Mutual Funds declined as market remained in bear trap for the seventh consecutive session on Wednesday, dented by weakness in global peers on uncertainty over Fed tapering...

November 14, 2013 / 06:25 AM IST

Equity Mutual Funds declined as market remained in bear trap for the seventh consecutive session on Wednesday, dented by weakness in global peers on uncertainty over Fed tapering. Choppy market saw selling pressure in last couple of hours of trade today. None of the funds in the equity domain could withhold market pressure amid volatile condition and closed in red.


The 50-share NSE Nifty closed below the 6000-mark for the first time since October 8 at 5,989.60, down 28.45 points from previous close. The Sensex declined 87.51 points to 20,194.40.


On Fixed Income front, debt mutual funds posted some gains after some recovery was seen in the debt market. The government bonds posted their best single-day gain in five weeks on Wednesday after the central bank chief sought to reassure investors that the Reserve Bank of India would provide the market necessary rupee liquidity.


Check out all mutual fund gainers & losers


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



Equity diversified: Top gainers


*  UTI Mid Cap Fund (G) up 0.22%
*  Escorts Leading Sectors Fund (G) up 0.18%
*  HDFC Infrastructure Fund (G) up 0.04%


Equity diversified: Top losers


*  Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 1.78%
*  Franklin Asian Equity Fund (G) down 1.47%
*  Sundaram Select Midcap - Regular Plan (G) down 1.11%


Tax saving funds: Top gainers


*  JM Tax Gain Fund (G) up 0.02%
*  Tax saving funds: Top losers
*  DSP BlackRock Tax Saver Fund (G) down 0.80%


Tax saving funds: Top losers


*  Principal Tax Savings Fund down 0.78%
*  L&T Tax Advantage Fund (G) down 0.77%


Sector funds: Top gainers


*  No Gainers


Sector funds: Top losers


*  ICICI Prudential FMCG Fund (G) down 1.42%
*  SBI FMCG Fund (G) down 0.91%
*  Reliance Pharma Fund (G) down 0.90%


Balanced funds: Top gainers


*  Templeton India Pension Plan (G) up 0.28%
*  Escorts Opportunities Fund (G) up 0.11%


Balanced funds: Top losers


*  Escorts Balanced Fund (G) down 0.65%
*  Principal Balanced Fund (G) down 0.58%
*  UTI CCP Advantage Fund (G) down 0.57%


Debt funds: Top gainers


*  DSP BlackRock Government Securities Fund (G) up 1.49%
*  Reliance Gilt Securities Fund - Retail Plan (G) up 1.12%


Debt funds: Top losers


*  LIC NOMURA MF Childrens Fund down 0.42%
*  Peerless MF Child Plan (G) down 0.19%


 


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