MF NAVs End With Negative Returns As Mkts Slip In Red

Equity diversified NAVs lost all gain, which recovered on Thursday and ended with negative returns as markets slipped in red. The Sensex closed down 113.45 points or 0.90% at 12430.4, and the Nifty down 35.05 points or 0.96% at 3608.55.All sectoral funds declined sharply. The BSE FMCG, Bankex, Healthcare, Auto and IT indices lost 1%, 1.4%, 0.5%, 0.5% and 1%, respectively. Tax saving and balanced funds also finished in negative terrain.
Among the sector funds, the top losers were JM Auto Sector Fund (G) down 0.70%, UTI Auto Sector Fund (G) down 0.42% and UTI Banking Sector Fund (G) down 1.18%.Long term debt funds closed mixed with negative bias as advance:decline ratio was 37:39.Among the equity diversified funds, the top losers were JM HI FI Fund (G) down 1.98%, Standard Chartered Imperial Equity Fund (G) down 1.98% and Sundaram BNP Paribas Capex Opportunities Fund (G) down 1.78%.

Among the tax saving funds, the top losers were Taurus Libra Tax Shield down 1.44%, Tata Tax Saving Fund down 1.43% and LIC MF Tax Plan (G) down 1.36%.

Among the balanced funds, the top gainers BOB Children Fund - Gift Plan were up 0.01%. The top losers were Kotak Dynamic Asset Allocation (G) down 1.33%, BOB Balance Fund (G) down 1.18% and LIC MF Balanced Fund - C (G) down 1.14%.