After surging to nearly five-month high of 3.89 percent in March, India’s retail price inflation witnessed a sharp decline of 2.99 percent in the month of April to its lowest in at least five years, due to lower cost of food items, including pulses and vegetables that showed a deflationary trend. The consumer price index (CPI) inflation stood at 5.47 percent in April 2016. The CPI based retail inflation for March 2017 was revised slightly upwards to 3.89 percent, from 3.81 percent recorded previously.
As per the data of the Central Statistics Office (CSO), Ministry of Statistics and Programme, the Consumer Price Index (CPI) (Rural, Urban, Combined) on Base 2012=100, for April 2017, stood at 3.02 percent, 3.03 percent and 2.99 percent respectively compared to 6.17 percent 4.68 percent 5.47 percent respectively in April 2016. The index value for CPI (General) for Rural was 132.9, for Urban was 129.1 and for combined stood at 131.1 for the month of April.
The data also showed that Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for April 2017 dropped to 0.69 percent 0.46 percent and 0.61 percent respectively compared to 1.85 percent, 2.42 percent, 2.01 percent respectively in March 2017 and 6.66 percent 5.97 percent and 6.40 percent in April 2016.
As per the data, Pulses and products recorded a sharp fall in prices in April, with a deflation of 15.94 percent against (-) 12.42 percent in March, while vegetable prices fell by 8.59 percent against (-) 7.24 percent in March. In the fuel and light category, the inflation reading in April stood at 6.13 percent, higher than 5.56 percent in March. Further, Price of fruits grew at 3.78 percent in April, slower than 9.35 percent in March. For cereals and products, the rate of price rise in April, at 5.06 percent, was lower than 5.38 percent in the previous month. For meat and fish, the inflation print came in at 1.90 percent during the reported month, from 2.96 percent in March.
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.
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