Retail inflation eased to a three-month low of 5.59 per cent in July, mainly due to softening food prices, after holding above 6% for two months in a row. The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020. The RBI, which has been mandated by the government to keep the retail inflation at 4 per cent with 2 per cent margin on either side, mainly factors in the CPI-based inflation while deciding its bi-monthly monetary policy.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in July 2021 stood at 5.49 per cent as against 6.16 per cent in June. The Urban CPI (General) stood at 5.82 per cent in July as against 6.37 per cent in June. The index value for Rural, Urban and Combined CPI (General) stood at 163.2, 161.8 and 162.5, respectively, in July 2021.
Food prices, which account for nearly half of the inflation basket, rose 3.96 per cent year-on-year in July from 5.15% a month before. Besides, fuel inflation remained elevated in July despite some moderation from the previous month. Petrol was still at 23.70 per cent inflation rate against 24.54 per cent. Diesel saw higher moderation to 22.71 per cent compared to 28.70 per cent. Health services, an important category amid pandemic, saw inflation rate rising moderately to 7.74 per cent from 7.71 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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