NAVs advanced as the market ends mixed

Equity funds managed to stay in a positive terrain in spite market's closing with mixed but positive change. The large cap and Small & Mid cap indices were up by over 1% each. Funds in both the indices surged with only few decline. The advance: decline ratio recorded for both the categories were 70: 6 and 44:3 respectively. Among others, Diversified Equity saw no decline while ELSS ended with advance: decline ratio of  46: 2.

Among sector funds, Pharma & Healthcare and Techonlogy funds were among the top gainers with no decline registered while Banking & Finance registered few with an advance: decline ratio of 8:4. FMCG funds closed with negative returns witnessing no gainers.

The market in last trading session closed on a flat note looking cautious ahead of the second tranche of long term refinancing operation (LTRO) by European Central Bank.
The Sensex was up by 21.56 points at 17,752.68 while Nifty rose 9.7 points to close at 5,385.20.

In the debt space, both Long term and Short term ended with positive returns. The advance: decline ratio recorded for Long term and Gilt Long term was 59: 11 and 45: 3 while 31: 32, 53: 8, and 17: 0 was recorded for Short term, Ultra Short term and Gilt Short term categories.

Equity funds: Top gainers

*  Sundaram Equity Multiplier Fund (G) up 2.11%

*  Birla Sun Life India Opportunities Fund - Plan B (G) up 1.73%

*  Sundaram Select Thematic Energy Opportunities Funds (G) up 1.70%

Equity funds: Top losers

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 0.27%

*  DWS Alpha Equity Fund - Wealth Plan (G) down 0.21%

*  IDFC Premier Equity Fund - Plan A (G) down 0.20%

Tax saving funds: Top gainers

*  Sundaram Tax Saver (OE) (G) up 1.04%

*  Edelweiss ELSS Fund (G) up 0.96%

*  ICICI Prudential Tax Plan (G) up 0.95%

Tax saving funds: Top losers

*  JM Tax Gain Fund (G) down 0.27%

*  Axis Long Term Equity Fund (G) down 0.01%

Sector funds: Top gainers

*  Reliance Natural Resources Fund (G) up 1.48%

*  Sahara R.E.A.L. Fund (G) up 1.28%

*  UTI Energy Fund (G) up 1.24%

Sector funds: Top losers

*  Reliance Banking Exchange Traded Fund down 0.65%

*  ICICI Prudential FMCG Fund (G) down 0.42%

*  Religare Banking Fund - Regular Plan (G) down 0.37%

Balanced funds: Top gainers

*  UTI Balanced Fund (G) up 0.79%

*  ICICI Prudential Balanced Fund (G) up 0.62%

*  DSP BlackRock Balanced Fund (G) up 0.56%

Balanced funds: Top losers

*  Escorts Balanced Fund (G) down 0.0%

Debt funds: Top gainers

*  IDFC Super Saver Income Fund - Investment Plan F (G) up 0.10%

*  Motilal Oswal MOSt 10 Year Gilt Fund (G) up 0.13%

Debt funds: Top losers

*  UTI Bond Fund (G) down 0.01%

*  Templeton India Govt. Sec. - Long Term Plan (G) down 0.06%