MF NAVs rally on strong markets cues
MF NAVs rally on strong markets cues
Source : moneycontrol.com
It was a rally day for equity diversified NAVs, which ended on a stronger note with advance:decline of 220:3 as bulls had an upper hand throughout the day. Realty, power, bank, FMCG, capital goods, IT and oil & gas stocks witnessed good buying interest. The Sensex was up 614.61 points or 4.60% at 13964.26, and the Nifty was up 168.55 points or 4.23% at 4157.10.
All sectoral funds advanced sharply. Bankex, FMCG, IT, Auto and Healthcare indices were up 4.87%, 4.61%, 4.3%, 3.08% and 1.58%, respectively.
Long term debt funds also finished higher with advance:decline ratio of 47:25.
- Rally day for equity diversified NAVs
- All sectoral funds advance sharply
- Long term debt funds finish higher
Among the equity diversified funds, the top gainers were JM Contra Fund (G) up 5.06%, JM Emerging Leaders Fund (G) up 4.77% and LIC Infrastructure Fund Series 1 (G) up 4.76%. The top losers were Escorts Growth Plan (G) down 0.66%, Escorts High Yield Equity Plan (G) down 0.61% and Escorts Growth Plan (G) down 0.15%.
Among the tax saving funds, the top gainers were Canara Robeco Equity Tax Saver up 4.30%, Franklin India Tax Shield (G) up 4.28% and JM Tax Gain Fund (G) up 4.19%.
Among the sector funds, the top gainers were JM Telecom Sector Fund (G) up 4.79%, UTI Energy Fund (G) up 4.28% and UTI Services Industries Fund (G) up 4.14%.
Among the balanced funds, the top gainers were Canara Robeco Balance (G) up 3.38%, ICICI Pru Equity & Derivatives Fund - Wealth Optimiser (Regular Option) (G) up 3.22% and LIC MF Unit Linked Insurance Scheme up 3.21%. The only loser was Escorts Balanced Fund (G) down 0.36%.
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