Equity Mutual Funds gain led by positive market sentiment

Written By Unknown on Sabtu, 08 Maret 2014 | 14.03

Equity Mutual Funds closed in a positive terrain as markets continued its uptrend for the fourth consecutive session. Pre-election rally and consistent flow of foreign money drove the 50-share NSE Nifty above 6500-mark and the 30-share BSE Sensex near 22000 level. Performance wise, Small & Mid cap ended with mixed returns, while all other equity domain categories advanced with few decline.

In the sector space, Banking and FMCG fund advanced with no decline, whereas Technology and Pharma fund decline as  BSE IT and Healthcare indices fell 2 percent each.

Interest rate sensitives and commodity stocks helped the Sensex close at 21919.79, up 405.92 points or 1.89 percent after hitting a peak of 21960.89. The Nifty touched an intraday all-time high of 6,537.80, before closing at 6526.65, 125.50 points or 1.96 percent.

On the fixed income front, funds in the debt long term and gilt long term funds ended with negative returns. The government bonds dropped on Friday after hitting a two-week high in the previous session as investors booked profits ahead of key consumer inflation data next week, which will set expectations ahead of the central bank's policy review.

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

*  ICICI Prudential Infrastructure Fund - Retail Plan (G) up 3.23%
*  UTI Infrastructure Fund (G) up 3.18%
*  DSP BlackRock India T.I.G.E.R. Fund - Regular Plan (G) up 3.12%

Equity diversified: Top losers

*  Reliance Small Cap Fund (G) down 1.53%
*  HSBC Midcap Equity Fund (G) down 1.29%
*  HSBC Small Cap Fund (G) down 1.12%

Tax saving funds: Top gainers

*  Tata Infrastructure Tax Saving Fund (G) up 2.18%
*  UTI Rajiv Gandhi Equity Saving Scheme (G) up 1.95%
*  ING Tax Saving Fund (G) up 1.76%

Tax saving funds: Top losers

*  Sahara Tax Gain (G) down 0.90%

Sector funds: Top gainers

*  UTI Banking Sector Fund (G) up 5.17%
*  Taurus Banking & Financial Services Fund (G) up 5.06%
*  Baroda Pioneer Banking and Financial Services Fund (G) up 4.61%

Sector funds: Top losers

*  ICICI Prudential Technology Fund (G) down 3.32%
*  SBI IT Fund (G) down 2.45%
*  SBI Pharma Fund (G) down 2.33%

Balanced funds: Top gainers

*  UTI CCP Advantage Fund (G) up 1.62%
*  ING Balanced Portfolio (G) up 1.38%
*  Reliance Regular Savings Fund - Balanced Option (G) up 1.19%

Balanced funds: Top losers

*  HDFC Balanced Fund (G) down 0.06%

Debt funds: Top gainers

*  SBI EDGE Fund (G) up 0.63%
*  Axis Banking Debt Fund (G) up 0.11%
*  BOI AXA Treasury Advantage Fund - Retail Plan (G) up 0.10%

Debt funds: Top losers

*  ICICI Prudential Gilt - Treasury Plan - PF Option (G) down 0.13%
*  DWS Inflation Indexed Bond Fund - Regular Plan (G) down 0.11%
*  Baroda Pioneer Income Fund (G) down 0.10%

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