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Mutual Funds NAVs advance as market ends higher

Mutual Funds across domain advanced for the second consecutive session Monday as markets ended higher.

November 19, 2013 / 10:06 AM IST

Equity Mutual Funds edged higher for the second consecutive session on Monday, as the 30-share BSE benchmark rallied 451 points, uplifted by  positive newsflow coming out of China and recovery in rupee. 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 closed at one-week high as the Sensex rose 2.21 percent to 20,850.74, and the Nifty surged 132.85 points or 2.19 percent to 6189, continuing upmove for the second consecutive session.

In the fixed income space, all the funds in debt space too advanced registering no declines. Indian bonds rose slightly on Monday as the central bank bought 61.6 billion rupees ($973.76 million) of bonds via open market operations, but gains were capped on uncertainty about whether the central bank would continue to inject 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

*  Sahara Star Value Fund (G) up 2.46%
*  Mirae Asset Global Commodity Stock Fund - Regular Plan (G) up 2.29%
*  IDFC Imperial Equity Fund - Plan A (G) up 2.28%

Equity diversified: Top losers

*  No Losers

Tax saving funds: Top gainers

*  UTI Rajiv Gandhi Equity Saving Scheme (G) up 2.17%
*  Baroda Pioneer ELSS 96 up 2.06%
*  Taurus Tax Shield (G) up 2.04%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Baroda Pioneer Banking and Financial Services Fund (G) up 2.94%
*  UTI Banking Sector Fund (G) up 2.90%
*  Taurus Banking & Financial Services Fund (G) up 2.88%

Sector funds: Top losers

*  No Losers

Balanced funds: Top gainers

*  UTI CCP Advantage Fund (G) up 1.66%
*  Baroda Pioneer Balance Fund (G) up 1.65%
*  JM Balanced Fund (G) up 1.65%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  SBI EDGE Fund (G) up 0.65%
*  SBI Regular Savings Fund (G) up 0.58%

Debt funds: Top losers

*  No Losers


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