Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
Indian equity benchmark -- Nifty -- snapped three-day winning streak on Wednesday ahead of weekly F&O expiry. Besides, investors also awaited crucial inflation data from the US later in the day, which will provide further cues to the investors regarding the Federal Reserve's next move on interest rates. After making an optimistic start, soon index slipped into red, as traders were cautious with ICRA Chief Economist Aditi Nayar’s statement that the wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities. Although the impact of high base of last year will play out in July and August, the impact of monsoon will determine the price conditions in the subsequent months.
In afternoon session, index traded just below its neutral line, as sentiments were weak after an analysis by the Department for Promotion of Industry and Internal Trade (DPIIT) showed that as many as 1,366 government tenders worth Rs 60,276 crore have been found non-compliant with public procurement norms. Meanwhile, in a move towards making the tax filing system more transparent, the Central Board of Direct Taxes (CBDT) has rolled out a new functionality in the Annual Information Statement (AIS) to display the status of information confirmation process. Finally, index ended on flat note with negative bias.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
