Mutual Fund NAVs bouncing back ahead of Annual Results

The markets lost about 30% in just 15 trading sessions and most mutual funds had recorded similar losses in their NAVs with some mutual funds known for their aggressive investing behavior recording upto 46% loss in their NAVs.

Though the fears of downturn in US are yet far from over, Mutual with Diversified portfolios have registered strong gains. However, some sector specific funds are yet to recoup losses. Out of sector specific funds, pharma, auto, power, banking and tech sector have registered modest gains.