MF NAVs continue positive momentum as mkts end in green

Equity diversified NAVs continued their bullish mood for the second straight session and recovered earlier losses as the markets ended in green for the second consecutive day. The Sensex ended up 92.44 points or 0.71% at 13072.1, and the Nifty closed up 23.45 points or 0.62% at 3821.55.

All sectoral funds advanced. The BSE Auto, Bankex, FMCG, Healthcare and IT indices rose by 1.36%, 0.53%, 1.57%, 1.89% and 0.50%, respectively.

Long term debt funds also finished with positive returns; out of total 82 long term debt funds 52 advanced while 30 funds declined.

Balanced and tax saving funds advanced sharply.
Equity diversified NAVs end higher for second straight session All sectoral funds advance Long term debt funds finish with positive returns

Among the equity diversified funds, the top gainers were DBS Chola Midcap Fund (G) up 0.57%, Tata Service Industries Fund (G) up 0.36% and DBS Chola Global Advantage Fund (G) up 0.28%. The top losers were BOB Growth Fund (G) down 1.59%, UTI Dynamic Fund (G) down 1.45% and JM Equity Fund (G) down 1.35%.

Among the tax saving funds, the top losers were Taurus Libra Tax Shield down 1.80%, BOB ELSS 96 down 1.43% and Escorts Tax Plan (G) down 1.08%.

Among the sector funds, the top gainers were Birla MNC Fund (G) up 0.26%, SBI Magnum IT Fund up 0.48% and Reliance Media & Entertainment Fund (G) up 1.27%. The top losers were JM Financial Services Sector Fund (G) down 1.91%, UTI Banking Sector Fund (G) down 1.56% and SBI Magnum Pharma Fund (G) down 1.34%.

Among the balanced funds, the top gainers were Principal Child Benefit Fund - Future Guard Plan up 0.09%, Principal Child Benefit Fund - Career Builder Plan up 0.09% and Sundaram BNP Paribas Balanced Fund (G) up 0.03%. The top losers were BOB Balance Fund (G) down 1.74%, Escorts Balanced Fund (G) down 0.91% and Principal Balanced Fund (G) down 0.73%.