Thursday, May 31, 2007

MF NAVs end higher as markets close in green

Equity diversified NAVs recovered earlier losses and ended higher with advance:decline ratio of 165:2 as it was a good close for markets with Nifty closing on a new high. The Sensex was up 133.08 points or 0.92% at 14544.46, and the Nifty up 46.15 points or 1.09% at 4295.8.

All sectoral funds advanced sharply. The BSE Bankex, Healthcare, Auto, FMCG and IT indices were up 1.4%, 0.4%, 1.3%, 1.4% and 0.8%, respectively.

Among the sector funds, the top gainers were JM Healthcare Sector Fund (G) up 3.39%, UTI Pharma & Healthcare Fund (G) up 2.41% and Reliance Pharma Fund (G) up 2.03%.

Balanced and tax saving funds also joined the party yesterday.

  • Equity diversified NAVs end higher
  • All sectoral funds advance sharply
  • Balanced and tax saving funds close with positive returns

Check out the mutual fund gainers & losers

Among the equity diversified funds, the top gainers were Standard Chartered Premier Equity Fund (G) up 2.51%, JM Emerging Leaders Fund (G) up 2.45% and Birla Sun Life Equity Fund (G) up 1.93%. The top losers were UTI Master Value Fund (G) down 0.16%, SBI Arbitrage Opportunities Fund (G) down 0.01%.

Among the tax saving funds, the top gainers were JM Equity Tax Saver Fund - Series I (G) up 2.94%, HSBC Tax Saver Equity Fund (G) up 1.32% and Principal Tax Savings Fund up 1.28%. The top losers were Taurus Libra Tax Shield down 0.42%, ING Vysya Tax Saving Fund (G) down 0.04%.

Among the balanced funds, the top gainers were JM Balanced Fund (G) up 1.69%, Kotak Dynamic Asset Allocation (G) up 1.40% and Reliance Regular Savings Fund - Balanced Option up 1.27%. The top losers were Escorts Opportunities Fund (G) down 0.31%, BOB Balance Fund (G) down 0.20% and BOB Children Fund - Study Plan down 0.01%.

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