NAVs end mixed; banking, FMCG, pharma funds advance

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Equity diversified NAVs ended mixed with advance:decline ratio of 116:126, as the benchmark Sensex closed flat with negative bias after seeing volatility throughout the session. Profit booking was seen in metal, PSU banking, oil & gas, capital goods and select technology companies' shares. Buying in realty, private banking, power, FMCG, cement and select auto companies' shares capped the losses to some extent.

The 30-share BSE Sensex closed at 17554.30, down 30.57 points. The 50-share NSE Nifty ended at 5252.20, down 7.7 points.

On the sectoral front, banking, FMCG and pharma funds advanced while technology funds ended mixed with positive bias. The BSE FMCG, Bank and Healthcare indices gained 0.4%, 0.21% and 0.08%, respectively while IT Index fell just 0.04%.

Long term debt funds ended with negative returns while short term debt with positive returns; their advance:decline ratio stood at 23:56 and 78:16, respectively.

Balanced funds ended marginally higher while tax saving funds closed marginally lower; their advance:decline ratio stood at 17:11 and 19:29.

    * Equity diversified NAVs end mixed
    * Banking, FMCG and pharma funds advance
    * Technology funds end mixed with positive bias
    * Long term debt funds end with negative returns
    * Short term debt finish with positive returns
    * Balanced funds end marginally higher
    * Tax saving funds close marginally lower

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

    * SBI Magnum Midcap Fund (G) up 2.38%
    * Sundaram BNP Paribas Select Midcap - Regular Plan (G) up 0.99%
    * Principal PNB Long Term Equity Fund - 3 Year Plan - Series II (G) up 0.90%

Equity diversified: Top losers

    * Tata Growing Economies Infrastructure Fund - Plan A (G) down 0.62%
    * HDFC Growth Fund (G) down 0.62%
    * Bharti AXA Equity Fund - Eco Plan (G) down 0.58%

Tax saving funds: Top gainers

    * ICICI Pru Tax Plan (G) up 0.68%
    * DBS Chola Tax Advantage Fund - Series I (G) up 0.62%
    * DWS Tax Saving Fund (G) up 0.58%

Tax saving funds: Top losers

    * JM Tax Gain Fund (G) down 0.65%
    * Tata Tax Advantage Fund - 1 (G) down 0.61%
    * Bharti AXA Tax Advantage Fund - Eco Plan (G) down 0.50%

Sector funds: Top gainers

    * JM Telecom Sector Fund (G) up 1.04%
    * ICICI Pru FMCG Fund (G) up 1.03%
    * Reliance Pharma Fund (G) up 0.75%

Sector funds: Top losers

    * Religare PSU Equity Fund (G) down 0.57%
    * Reliance Diversified Power Sector Fund - Retail Plan (G) down 0.41%
    * UTI Energy Fund (G) down 0.35%

Balanced funds: Top gainers

    * UTI CRTS 81 (G) up 0.91%
    * LIC MF Balanced Fund - C (G) up 0.90%
    * Principal Child Benefit Fund - Career Builder Plan up 0.63%

Balanced funds: Top losers

    * Tata Balanced Fund (G) down 0.32%
    * Birla Sun Life Freedom Fund (G) down 0.15%
    * Tata Young Citizens Fund down 0.14%
source-moneycontrol.com/