Weak Session For MF NAVs As Markets End In Red

It was a very weak trading session for equity diversified NAVs, which ended lower with negative advance:decline ratio of 7:173 as the markets ended in the red amid a highly volatile session. The Sensex was down 0.61% or 95.59 points at 15,699.33 and the Nifty down 0.69% at 4588.70.On the sectoral front, auto, banking, pharma and technology funds declined while FMCG funds advanced.
Long term debt funds also closed with negative returns while short term debt funds finished mixed with negative bias, advance:decline ratio stood at 14:64 and 28:31, respectively.Among the equity diversified funds, the top gainers were Escorts Growth Plan (G) up 0.14%, ICICI Pru Dynamic Plan (G) up 0.08%. The top losers were ABN AMRO Sustainable Development Fund (G) down 1.72%, Tata Equity Opportunities Fund - Plan B (G) down 1.57% and Baroda Global Fund (G) down 1.56%.Among the sector funds, the top gainers were ICICI Pru FMCG Fund (G) up 1.24%, Franklin FMCG Fund (G) up 0.80% and Birla MNC Fund (G) up 0.37%. The top losers were UTI Auto Sector Fund (G) down 1.91%, JM Auto Sector Fund (G) down 1.88% and JM Healthcare Sector Fund (G) down 1.83%.

Among the balanced funds, the top gainers were CanBalance (G) up 0.32%, Escorts Balanced Fund (G) up 0.01%. The top losers were JM Balanced Fund (G) down 1.11%, UTI Balanced Fund (G) down 1.06% and ICICI Pru Balanced Fund (G) down 0.92%.Among the tax saving funds, the only gainer was Escorts Tax Plan (G) up 0.16%. The top losers were Birla Tax Plan 98 down 1.55%, Birla Equity Plan (G) down 1.22% and ABN AMRO Tax Advantage Plan (ELSS) (G) down 1.21%.