Mutual Funds decline as markets end lower

Equity Mutual Funds closed in red as the market closed lower amid choppy trade on Tuesday ahead of December derivative contracts expiry. The broader markets funds in Large cap, Index and ELSS categories were hammered quite badly while Small & Mid cap, Thematic - Infrastructure and Diversified Equity funds ended mixed.

The Sensex lost 68.32 points to 21,032.71, and the Nifty fell 16.10 points to 6268.40 while the BSE Midcap gained 0.5 percent and Smallcap soared a percent.

On fixed income front, debt funds across categories were seen with negative returns as Government bonds fell for a third session on Tuesday as traders lightened positions ahead of the end of the year, given the prospects the central bank could resume raising interest rates should inflation fail to ease.

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

*  Sahara Star Value Fund (G) up 1.33%
*  DSP BlackRock Small and Mid Cap Fund (G) up 1.12%
*  HSBC Midcap Equity Fund (G) up 1.10%

Equity diversified: Top losers

*  DSP BlackRock Top 100 Equity Fund - Regular Plan (G) down 0.50%
*  Motilal Oswal MOSt Focused 25 Fund - Regular Plan (G) down 0.46%
*  Canara Robeco Large Cap+ Fund (G) down 0.40%

Tax saving funds: Top gainers

*  Sahara Tax Gain (G) up 0.64%
*  Birla Sun Life Tax Plan (G) up 0.43%
*  Principal Tax Savings Fund up 0.42%

Tax saving funds: Top losers

*  Tata Tax Saving Fund down 4.13%
*  Tata Tax Saving Fund - Direct Plan down 4.10%
*  ICICI Prudential R.I.G.H.T. Fund (G) down 0.40%

Sector funds: Top gainers

*  Birla Sun Life MNC Fund (G) up 0.62%
*  UTI MNC Fund (G) up 0.44%
*  Birla Sun Life Buy India Fund (G) up 0.31%

Sector funds: Top losers

*  Religare Invesco PSU Equity Fund (G) down 0.69%
*  Baroda Pioneer Banking and Financial Services Fund (G) down 0.48%
*  Religare Invesco Banking Fund - Regular Plan (G) down 0.47%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 0.34%
*  Principal Balanced Fund (G) up 0.27%
*  UTI Childrens Career Balanced Plan up 0.23%

Balanced funds: Top losers

*  Baroda Pioneer Balance Fund (G) down 0.31%
*  Edelweiss Absolute Return Fund (G) down 0.22%
*  ICICI Prudential Balanced Advantage Fund (G) down 0.21%

Debt funds: Top gainers

*  Birla Sun Life Gilt Plus (Regular Plan) (G) down 0.21%
*  Daiwa Government Securities Fund - Short Term Plan (G) down 0.20%
*  Canara Robeco Gilt PGS (G) down 0.18%

Debt funds: Top losers

*  SBI Benchmark G Sec Fund (G) down 0.27%
*  Religare Invesco Gilt Fund - Long Duration Plan (G) down 0.25%

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