Equity Mutual Funds recovered slightly and ended with mixed returns. Performance wise, Diversified Equity funds emerged as the star performer by closing with positive returns. Large Cap funds delivered better performance than its counterpart Small & Mid cap and Index funds.Amid volatile market, sector funds stood strong. Barring Banking & Finance and FMCG, all the other funds closed in the positive territory.
Equity Mutual Funds are likely to remain volatile as markets will become choppy further according to experts. The yesterday’s session closed with Sensex at 19345.70 down 2.64 points and Nifty slipped 13.05 points to finish at 5742.
Among Fixed income funds, long and short term funds stumbled owing to liquidity crunch in the debt market. The debt funds are likely to deliver volatile performance owing to thin volumes in the debt market and weak rupee condition.
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