The positive market cues helped the equity funds to maintain positive returns. All the funds in equity and Balanced categories closed in a green zone registering very few decline.
In the sector space, Technology funds took the lead recording no decline following by Pharma & Healthcare and Banking & Finance. FMCG category was seen declining in yesterday's trading session.
The markets closed higher on Thursday for the second consecutive session led by positive global cues. The BSE benchmark rose 93.84 points to close at 17,278.85 and the NSE benchmark was up 26.40 points at 5,242.70. However, according to Atul Badkar of Edelweiss Securities, global macro fundamentals and domestic factors will have to improve for the market to see further gains.
On the debt front, Short term category maintained positive returns while Gilt Long Term in the Long term space showed weak performance. The debt funds are likely to trade with a negative bias till the debt markets shows some sign