Remaining above the comfort level of the Reserve Bank of India (RBI), the retail inflation based on the Consumer Price Index (CPI) inched up to 7.61 per cent in October, driven by rising food prices. Inflation stood at 7.27 per cent in September 2020 and it was 4.62 per cent in October 2019. The rise in general inflation was mainly on account of elevated food prices. The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4 per cent (+, - 2 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 October stood at 7.69 per cent as against 7.36 per cent in September. The Urban CPI (General) stood at 7.40 per cent in October as against 7.26 per cent in September. The rate of price rise in the food basket was 11.07 per cent in October up compared to 10.68 per cent in September. The data indicated that the Rural Consumer Food Price Index (CFPI) stood at 11.05 per cent in October as compared to 10.53 per cent in September. The Urban CFPI stood at 11.19 per cent in October as against 10.94 per cent in September.
The data showed vegetable prices surged 22.51 per cent in October after increasing 20.73 per cent in September. Prices of meat and fish increased 18.7 per cent in October against a 17.6 per cent rise in the previous month, while pulses rose 18.34 per cent in October against a 14.67 per cent rise in September. Among major categories that make up the CPI, fuel and light inflation jumped 2.28 per cent, compared to a 2.87 per cent rise in September, while health costs climbed 5.22 per cent, against a 4.9 per cent surge in the previous month. Household goods and services prices recorded a 2.83 per cent growth, marginally down from September’s 2.9 per cent.
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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