Retail inflation based on Consumer Price Index (CPI) fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined. The CPI inflation was at 5.3 per cent in August. Previously, the CPI was low at 4.23 per cent in April 2021. The CPI-based inflation falls within the RBI’s targeted range of 2 plus/minus 4 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 2021 stood at 4.13 per cent as against 5.28 per cent in August. The Urban CPI (General) stood at 4.57 per cent in September as against 5.32 per cent in August. The index value for Rural, Urban and Combined CPI (General) stood at 164.0, 162.3 and 163.2, respectively, in September 2021.
As per the data released by the NSO, the inflation in food segment eased to 0.68 per cent in September, significantly down from 3.11 per cent in the preceding month. The data showed that inflation in the vegetables basket contracted 22.47 per cent in September compared to a decline of 11.68 per cent in August. The rate of price rise was also lower in fruits, eggs, meat and fish, and pulses and products segments. However, the inflation was higher in the case of fuel and light at 13.63 per cent in September compared to 12.95 per cent in August.
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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