Equity Mutual Funds delivered mixed returns as the Equity benchmarks consolidate on Friday after over a percent rally in previous session on prospects of huge investments by China in India. The broader markets too were rangebound. Funds in the broader market based like Small & Mid Cap fund witnessed gain while Diversified Equity, ELSS and Index funds ended with mixed returns. Large cap and Thematic Infrastructure funds delivered poor returns.
Among the sector space, Pharma & Healthcare, Banking & Finance and technology fund witnessed gain, while FMCG funds succumb under market pressure.
The 30-share BSE Sensex fell 21.79 points to 27090.42 while the 50-share NSE Nifty rose 6.70 points to close at 8121.45.
Though the market went near record high during the day, it could not hit that level due to lack of triggers as it already priced in all recent events like China visit etc. The next triggers for the market would be US visit (on September 30), July-September quarter earnings (in October) and Maharasthra & Haryana state elections, say experts.
In the fixed income space, debt funds maintained steady outlook and closed with positive returns with few decline. The government's benchmark 10-year bond hit its highest level in more than 11 months on Friday, boosted by positive sentiment following the US Federal Reserve's stance on rates, but the 120-billion-rupee debt sale later in the session pushed prices off intraday highs.
Check out all mutual fund gainers & losers
Here is the day's performance and the gainers and losers across categories.
Equity diversified: Top gainers
* Sundaram Select Micro Cap - Series IV - Direct Plan (G) up 1.63%
* Sundaram Select Micro Cap - Series IV - Regular Plan (G) up 1.62%
* Sundaram Select Micro Cap - Series III - Regular Plan (G) up 1.50%
Equity diversified: Top losers
* JM Core 11 Fund (G) down 1.21%
* DSP BlackRock India T.I.G.E.R. Fund - Regular Plan (G) down 0.91%
* HSBC Progressive Themes Fund (G) down 0.90%
Tax saving funds: Top gainers
* BNP Paribas Tax Advantage Plan (ELSS) (G) up 0.79%
* Axis Long Term Equity Fund (G) up 0.76%
* Religare Invesco Tax Plan (G) up 0.74%
Tax saving funds: Top losers
* HDFC Tax Saver (G) down 0.57%
* SBI TAX Advantage Fund - Series II (G) down 0.51%
* Principal Personal Tax Saver Fund down 0.44%
Sector funds: Top gainers
* Reliance Media & Entertainment Fund (G) up 2.42%
* DSP BlackRock Technology.Com - Regular Plan (G) up 1.60%
* Birla Sun Life New Millennium (G) up 1.23%
Sector funds: Top losers
* UTI Energy Fund (G) down 0.92%
* Baroda Pioneer PSU Equity Fund (G) down 0.68%
* Religare Invesco PSU Equity Fund (G) down 0.63%
Balanced funds: Top gainers
* Tata Young Citizens Fund up 0.53%
* L&T Equity and Gold Fund (G) up 0.45%
* L&T Prudence Fund (G) up 0.34%
Balanced funds: Top losers
* Canara Robeco Balance (G) down 0.26%
* Reliance Regular Savings Fund - Balanced Option (G) down 0.21%
* JM Balanced Fund (G) down 0.21%
Debt funds: Top gainers
* ICICI Prudential Income Opportunities Fund (G) up 0.11%
* Sundaram Flexible Fund - Flexible Income - Regular Plan (G) up 0.10%
* JP Morgan India Active Bond Fund - Retail Plan (G) up 0.09%
Debt funds: Top losers
* SBI EDGE Fund (G) down 0.16%
* Religare Invesco Gilt Fund - Long Duration Plan (G) down 0.08%
* IIFL Dynamic Bond Fund - Regular Plan (G) down 0.06%
For more Mutual Fund News click here >>
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