Equity Mutual Funds closed in a positive terrain as the market saw consolidation on Friday after rallying 729 points on the Sensex in previous session. FMCG, capital goods and healthcare stocks supported the market while technology, select metals and auto stocks saw selling pressure. All the funds belonging to Equity category delivered stable performance with few decline.
Among sectoral funds, Banking & Finance, Pharma & Healthcare and FMCG ended with positive returns whereas, Technology funds ended with negative returns.
The 30-share BSE Sensex rose 46.34 points to 28121.89 while the 50-share NSE Nifty closed above the 8500-mark, up 19.65 points at 8513.80.
Though current valuations look expensive, the new high by expiry can not be ruled out, say experts.
In the fixed income space, all the funds in debt funds too ended higher. The Bond markets rallied on Thursday as the surprise rate cut "out of the policy review cycle" by the Reserve Bank of India led debt investors to believe that the low-interest rate regime has just begun, and there's more to come. The 10-year government benchmark bond yield dipped 10 basis points to hit an intra-day low at 7.67% as prices moved up.
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 Media & Entertainment Opportunities - Retail (G) up 1.62%
* SBI Magnum Global Fund (G) up 0.95%
* Reliance Growth Fund - Retail Plan (G) up 0.85%
Equity diversified: Top losers
* Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 0.77%
* Religare Invesco AGILE Fund (G) down 0.51%
* HDFC Premier Multi-Cap Fund (G) down 0.44%
Tax saving funds: Top gainers
* IDBI Equity Advantage Fund - Regular Plan (G) up 1.02%
* ICICI Prudential R.I.G.H.T. Fund (G) up 0.98%
* Birla Sun Life Focused Equity Fund - Series 1-Regular Plan (G) up 0.88%
Tax saving funds: Top losers
* Religare Invesco AGILE Tax Fund (G) down 0.48%
* HDFC Tax Saver (G) down 0.32%
* HDFC Long Term Advantage Fund (G) down 0.23%
Sector funds: Top gainers
* Reliance Media & Entertainment Fund (G) up 2.25%
* SBI Pharma Fund (G) up 1.13%
* UTI Pharma & Healthcare Fund (G) up 1.03%
Sector funds: Top losers
* ICICI Prudential Technology Fund (G) down 0.45%
* Taurus Banking & Financial Services Fund (G) down 0.32%
* DSP BlackRock Technology.Com - Regular Plan (G) down 0.26%
Balanced funds: Top gainers
* SBI Magnum Balanced Fund (G) down 0.45%
* Escorts Balanced Fund (G) down 0.40%
* Edelweiss Absolute Return Fund (G) down 0.39%
Balanced funds: Top losers
* UTI CCP Advantage Fund (G) up 0.10%
* HDFC Prudence Fund (G) up 0.10%
Debt funds: Top gainers
* SBI EDGE Fund (G) up 0.81%
* Sundaram Flexible Fund - Flexible Income - Regular Plan (G) up 0.57%
* ICICI Prudential Income Opportunities Fund (G) up 0.55%
Debt funds: Top losers
* DWS Gilt Fund - Regular Plan (G) down 0.06%
* Motilal Oswal MOSt 10 Year Gilt Fund (G) down 0.05%
* Birla Sun Life Gilt Plus (Regular Plan) (G) down 0.05%
For more Mutual Fund News click here >>
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