With rising prices of edible oils and protein rich items, India’s retail inflation jumped to a six-month high of 6.3 per cent in May from 4.23 per cent in April. The inflation has breached the comfort level of the Reserve Bank of India (RBI). The government has asked the Reserve Bank to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side. CPI inflation has breached the upper band of the inflation target about 10 times since the first meeting of the Monetary Policy Committee (MPC), which decides the key interest rate, in October 2016. Besides, food inflation soared from 1.96 per cent to 5.01 per cent in May.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in May 2021 stood at 6.48 per cent as against 3.75 per cent in April. The Urban CPI (General) stood at 6.04 per cent in May as against 4.71 per cent in April. The index value for Rural, Urban and Combined CPI (General) stood at 161.0, 159.7 and 160.4, respectively, in May 2021.
As per the data on CPI, the steepest price rise was witnessed in the 'oils and fat' segment, which on an annual basis showed an increase of 30.84 per cent. The May CPI data released by the NSO further revealed that the rate of price rise in 'meat and fish', 'egg', 'fruits', and 'pulses and products' stood at 9.03 per cent, 15.16 per cent, 11.98 per cent, and 9.39 per cent, respectively. The rate of price rise in the 'fuel and light' category quickened to 11.58 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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
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
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
