Mutual Fund NAVs gain as markets end flat

Equity Mutual Funds closed in a positive terrain as the equity benchmarks saw consolidation (with marginal downside) for the second consecutive session on Friday as investors remained cautious after indices hit record highs in middle of the week and on weakness in global equities ahead of US jobs data. Performence wise Funds in the broader market based like Small & Mid Cap, ELSS and Thematic Infrastructure funds advance, while Large cap, Diversified Equity and Index funds ended with mixed returns.

Among sectoral funds Technology and Pharma funds advanced, whereas Banking and FMCG Funds decline.

The 30-share BSE Sensex fell 59.23 points to close at 27026.70 while the 50-share NSE Nifty struggled for the second day to hold 8100 level but it could not, down 9.10 points to 8086.85. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.56 percent and 1.25 percent, respectively.

Though there was a consolidation (which was expected after huge run-up in previous sessions), experts remained firm on their analysis, saying the upmove may continue at least till the next Union Budget.

In the fixed income space, debt funds maintained steady outlook and closed with positive returns with few decline. The government bonds ended steady on Friday as comments by the central bank governor calling inflation still high offset hopes about continued foreign flows into the country after the European Central Bank cut interest rates. The 2024 10-year bond yield, which became the benchmark last month, closed steady on the day at 8.52 per cent.

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 R.E.A.L. Fund (G) up 1.66%*  HSBC Progressive Themes Fund (G) up 1.61%*  Sahara Midcap Fund (G) up 1.59%

Equity diversified: Top losers

*  Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) down 0.72%*  Escorts Leading Sectors Fund (G) down 0.44%*  Franklin Asian Equity Fund (G) down 0.44%

Tax saving funds: Top gainers

*  SBI TAX Advantage Fund - Series III - Regular Plan (G) up 1.16%*  SBI TAX Advantage Fund - Series II (G) up 1.11%*  Sahara Tax Gain (G) up 0.86%

Tax saving funds: Top losers

*  ICICI Prudential R.I.G.H.T. Fund (G) down 0.35%*  Birla Sun Life Focused Equity Fund - Series 1-Regular Plan (G) down 0.15%*  UTI Rajiv Gandhi Equity Saving Scheme (G) down 0.10%

Sector funds: Top gainers

*  Reliance Pharma Fund (G) up 1.98%*  Baroda Pioneer PSU Equity Fund (G) up 1.03%*  Sundaram PSU Opportunities Fund (G) up 1.00%

Sector funds: Top losers

*  Birla Sun Life Banking And Financial Services Fund - Regular Plan (G) down 0.72%*  Religare Invesco Banking Fund - Regular Plan (G) down 0.58%*  Reliance Banking Fund (G) down 0.49%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 0.76%*  HDFC Prudence Fund (G) up 0.61%*  HDFC Balanced Fund (G) up 0.52%

Balanced funds: Top losers

*  Shriram Equity and Debt Opportunities Fund - Regular Plan (G) down 0.09%*  ING Balanced Portfolio (G) down 0.08%*  Franklin India Balanced Fund (G) down 0.07%

Debt funds: Top gainers

*  SBI Treasury Advantage Fund (G) up 0.20%*  LIC NOMURA MF Govt. Sec. Fund (G) up 0.15%*  LIC NOMURA MF Govt. Securities Fund - PF (G) up 0.15%

Debt funds: Top losers

*  Escorts Short Term Debt Fund (G) down 0.41%*  SBI EDGE Fund (G) down 0.09%*  Franklin India Income Fund (G) down 0.06%

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http://www.moneycontrol.com/india/news/stockmarket/fundupdates/12/51/58