Mutual Funds decline as markets end lower

Equity Mutual Funds returns fell as Indian equities crashed jilted by the Eurozone's decision to force depositors in Cyprus to contribute towards a bailout that sparked concerns of contagion.

All the major equity categories like Large cap, Small & mid cap and Index funds succumb under market pressure to end in red.

Sectorwise, defensive sector funds belonging to Pharma & Healthcare and FMCG showed brilliant performance amid volatile market. Meanwhile Banking & Finance funds lost the most ahead of RBI policy review.

The market session ended with Sensex at 19293.20 down by 134.36 points while the Nifty slipped 37.35 points at 5835.25.

In the Fixed Income domain, Debt Long term and Gilt funds witnessed shaky performance led by the uncertainty hover around RBI policy rate cut. Short term funds, on the other hand, continued to remain strong registering no decline.

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

*  Edelweiss Select Midcap Fund (G) up 0.37%

*  Tata Ethical Fund (G) up 0.15%

*  UTI MNC Fund (G) up 0.10%

Equity diversified: Top losers

*  JM Core 11 Fund (G) down 1.84%

*  Taurus Infrastructure Fund (G) down 1.44%

*  Reliance Infrastructure Fund - Retail Plan (G) down 1.43%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  Escorts Tax Plan (G) down 1.16%

*  Taurus Tax Shield (G) down 0.86%

*  Tata Infrastructure Tax Saving Fund (G) down 0.84%

Sector funds: Top gainers

*  SBI FMCG Fund (G) up 0.79%

*  ICICI Prudential FMCG Fund (G) up 0.55%

*  DSP BlackRock Technology.Com - Regular Plan (G) up 0.39%

Sector funds: Top losers

*  Baroda Pioneer PSU Equity Fund (G) down 1.15%

*  Taurus Banking & Financial Services Fund (G) down 1.04%

*  Sahara Power & Natural Resources Fund (G) down 0.94%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 0.71%

*  JM Balanced Fund (G) down 0.65%

*  Sundaram Balanced Fund - Regular Plan (G) down 0.59%

Debt funds: Top gainers

*  HDFC Floating Rate Income Fund - STP - Wholesale Plan (G) up 0.10%

*  IDFC G-Sec. Fund - Provident Fund - Regular Plan A (G) up 0.41%

Debt funds: Top losers

*  BNP Paribas Flexi Debt Fund - Regular Plan (G) down 0.01%

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