Equity diversified NAVs closed higher with advance:decline ratio of 173:1 as the markets ended in green for the third consecutive after a fairly choppy session. The Sensex wass up 87.29 points or 0.61% at 14499.24, and the Nifty up 18.75 points or 0.44% at 4267.4. Balanced and tax saving funds also finished with positive returns.
On the sectoral front, auto, banking, FMCG and pharma funds advanced while technology funds ended mixed with negative bias. The BSE Bankex, Healthcare, Auto and FMCG indices were up 0.5%, 0.2%, 0.7% and 0.3%, respectively.
Among the equity diversified funds, the top gainers were JM HI FI Fund (G) up 1.87%, JM Equity Fund (G) up 1.72% and Principal Junior Cap Fund (G) up 1.70%. The only loser was Templeton India Equity Income Fund (G) down 0.07%.
Among the tax saving funds, the top gainers were Lotus India Tax Plan (G) up 1.53%, HDFC Long Term Advantage Fund (G) up 1.23% and Birla Tax Plan 98 up 1.20%. The only loser was Taurus Libra Tax Shield down 0.10%.
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