Mutual Funds register gains as markets end flat

Equity Mutual Funds register gains as the market witnessed consolidation on Friday with the equity benchmarks closing on a flat note after a 385-point rally seen in previous session.  Funds in the equity domain soar registering very few declines.

Among the sector fund, barring FMCG Funds, all the other categories ended low.

The Sensex rose just 13.88 points to 19915.95 while the Nifty declined 2.40 points to 5907.30, but the broader markets marginally outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.3 percent and 0.5 percent, respectively.

On fixed income funds, both Long term and Short term advanced registering no decline. The government bonds posted their first weekly gain in four, drawing comfort from a strong recovery in the rupee and after the central bank said it would purchase bonds to provide liquidity support.

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