Bond yields are trading quite range bound since traders preferred staying on the sidelines ahead of the Rs 12,000 crore debt sale auctions, the results of which would set the tone for the market and steady global oil prices. Meanwhile, lower US treasuries yields also weighed on the sentiment. As on the global front, the U.S. Treasuries rallied and benchmark yields fell to new six-month lows on Thursday as weaker-than-expected economic data and renewed concerns over Greece's debt added to demand for safe haven debt. Meanwhile, the U.S. crude futures stood steady above $100 a barrel on Friday after falling more than 1 percent a day earlier on weak U.S. economic data that raised worries about oil demand.
Back home, the yields on 10-year benchmark; the 7.80%-2021 was tad higher at 8.40% from its previous close of 8.39% on Thursday.
The benchmark five-year interest rate swaps were at steady at 8.14% on Friday.
The Government of India have announced the sale (re-issue) of three dated securities for Rs 12,000 crore on May 27, 2011, which include (i) “7.83 percent Government Stock 2018” for a notified amount of Rs 4,000 crore (nominal), (ii) “7.80 percent Government Stock 2021” for a notified amount of Rs 5,000 crore (nominal), and (iii) “8.30 percent Government Stock 2040” for a notified amount of Rs 3,000 crore (nominal) through price based auctions. The auctions will be conducted using uniform price method.
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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