Amid continuing rise in food prices, the inflation based on the Consumer Price Index (CPI) jumped to an eight-month high of 7.34 per cent in September. The retail inflation had stood at 6.69 percent in August, while it was 3.99 per cent in September last year. That marked the highest level of inflation recorded since January, and well above the upper end of the RBI's target range of 2-6 per cent.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in September stood at 7.43 per cent as against 6.66 per cent in August. The Urban CPI (General) stood at 7.26 per cent in September as against 6.80 per cent in August.
The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August. The data indicated that the Rural Consumer Food Price Index (CFPI) stood at 10.60 per cent in September as compared to 9.11 per cent in August. The Urban CFPI stood at 10.94 per cent in September as against 8.82 per cent in August.
Besides, the inflation in the vegetable segment was 20.73 per cent in September, way up from 11.41 per cent in the preceding month. The rate of price rise in the fruits was also high over August. Data showed that the rate of price rise in the protein-rich eggs was 15.47 per cent in September compared to 10.11 per cent a month before that. The Reserve Bank of India (RBI) mainly factors in retail inflation while deciding on the key interest rate.
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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