Mutual Funds surge led by positive market rally

Written By Unknown on Sabtu, 19 April 2014 | 18.00

Equity Mutual Funds advanced as the market showed spectacular rebound on Thursday, with the benchmark indices rising more than 1.5 percent on broadbased buying. Performance wise all the Equity funds across categories including sector space excelled with no decline.

The Sensex climbed 351.61 points to close at 22628.84 and the Nifty was up 104.10 points to 6779.40. The broader markets too participated in the rally; the BSE Midcap and Smallcap indices were up over 1.4 percent.

It was a sharp rebound for the market after three days of consolidation with negative bias, say experts. According to them, the euphoria of Lok Sabha elections is not over yet. The Nifty may hit new highs soon, they add.

In the fixed income space, all the funds in debt space too ended higher. The Indian government bonds jumped on Thursday, recovering from two sessions of falls, after the central bank fully sold the Rs 20,000 crore ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction.

Check out all mutual fund gainers & losers

Here is the day's performance and the gainers and losers across categories.

Equity diversified: Top gainers

*  HDFC Infrastructure Fund (G) up 3.20%
*  ICICI Prudential MidCap Fund (G) up 2.93%
*  Sahara R.E.A.L. Fund (G) up 2.56%

Equity diversified: Top losers

*  Sundaram Media & Entertainment Opportunities - Retail (G) down 0.12%
*  Franklin Asian Equity Fund (G) down 0.41%
*  PineBridge India Equity Fund - Standard Plan (G) down 0.64%

Tax saving funds: Top gainers

*  HDFC Tax Saver (G) up 2.04%
*  Sahara Tax Gain (G) up 1.84%
*  ING Tax Saving Fund (G) up 1.81%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  JM Basic Fund (G) up 2.32%
*  Birla Sun Life Banking And Financial Services Fund - Regular Plan (G) up 2.07%
*  Sahara Banking and Financial Services Fund (G) up 2.04%

Sector funds: Top losers

*  Reliance Pharma Fund (G) down 0.55%
*  UTI MNC Fund (G) down 0.58%
*  Reliance Media & Entertainment Fund (G) down 0.68%

Balanced funds: Top gainers

*  HDFC Prudence Fund (G) up 1.82%
*  DSP BlackRock Balanced Fund (G) up 1.42%
*  Escorts Balanced Fund (G) up 1.38%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  ICICI Prudential Long Term Gilt Fund (G) up 0.76%
*  UTI Gilt Advantage Fund - Long Term Plan (G) up 0.76%
*  UTI Gilt Advantage Fund - LTP- PF (G) up 0.76%

Debt funds: Top losers

*  Birla Sun Life Ultra Short Term Fund - Retail Plan (G) down 0.01%

 
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