Equity Mutual Funds ended positive as markets
continued with its upward rally. Broader based funds belonging to Large
cap and Index categories emerged as the star performer while Thematic -
Infrastructure funds lost the most.
In the sectoral space, funds in overall defensive sector - Pharma & Healthcare and FMCG delivered excellent returns. Meanwhile, Banking & Finance funds were down ahead of RBI policy review. Technology funds recovered smartly after hovering in negative territory in last couple of session.
The good Q4 results posted by major movers in the market acted as a positive trigger for the markets to end higher. The Sensex closed at 19504 up 117 points and the Nifty ended at 5930 up 26 points.
In the fixed income space, debt funds maintained steady outlook and closed with positive returns with no decline on the hopes of rate cut by RBI in May 3 monetary policy review.
Check out losers and gainers:
Equity funds: Top gainers
* Birla Sun Life MNC Fund (G) up 2.37%
* UTI MNC Fund (G) up 2.17%
* Birla Sun Life Buy India Fund (G) up 1.80%
Equity funds: Top losers
* Reliance Top 200 Fund - Retail Plan (G) down 0.00%
* Sahara Star Value Fund (G) down 0.66%
* Taurus Infrastructure Fund (G) down 0.61%
Sources:Money Control.com
In the sectoral space, funds in overall defensive sector - Pharma & Healthcare and FMCG delivered excellent returns. Meanwhile, Banking & Finance funds were down ahead of RBI policy review. Technology funds recovered smartly after hovering in negative territory in last couple of session.
The good Q4 results posted by major movers in the market acted as a positive trigger for the markets to end higher. The Sensex closed at 19504 up 117 points and the Nifty ended at 5930 up 26 points.
In the fixed income space, debt funds maintained steady outlook and closed with positive returns with no decline on the hopes of rate cut by RBI in May 3 monetary policy review.
Check out losers and gainers:
Equity funds: Top gainers
* Birla Sun Life MNC Fund (G) up 2.37%
* UTI MNC Fund (G) up 2.17%
* Birla Sun Life Buy India Fund (G) up 1.80%
Equity funds: Top losers
* Reliance Top 200 Fund - Retail Plan (G) down 0.00%
* Sahara Star Value Fund (G) down 0.66%
* Taurus Infrastructure Fund (G) down 0.61%
Sources:Money Control.com
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