Retail inflation based on Consumer Price Index (CPI) inched up to 4.48 per cent in October compared to 4.35 per cent in September, due to an uptick in food prices. Though, it eased compared with 7.61 per cent in October 2020. For the fourth month in a row, CPI has been below the Reserve Bank of India’s six percent margin. The Government of India had told RBI to maintain a retail inflation rate at four percent with an upper and lower margin of two percent on either side for five years, till March 2026.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in October 2021 stood at 4.07 per cent as against 4.13 per cent in September. The Urban CPI (General) stood at 5.04 per cent in October as against 4.57 per cent in September. The index value for Rural, Urban and Combined CPI (General) stood at 166.3, 164.6 and 165.5, respectively, in October 2021.
As per the data released by the NSO, inflation in food basket rose to 0.85 per cent in October, compared to 0.68 per cent in the preceding month. Inflation rate for oils and fats was recorded at 33.5 per cent, up from 34.2 per cent and for pulses was recorded at 5.42 per cent against 8.8 per cent a month ago. Clothing and footwear inflation was 7.53 per cent in October, up from 7.2 per cent in September. Fuel and light inflation stood at 14.3 per cent, the highest level in the 2011-12 base year series. Transport and communication inflation jumped to a four-month high of 10.9 per cent in October.
The Price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of October 2021, NSO collected prices from 99.6% villages and 98.2% urban Markets while the Market-wise prices reported therein were 88.4% for rural and 91.8% for urban.
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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