Retail inflation based on Consumer Price Index (CPI) rose to a three-month high of 4.81 per cent in June 2023, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank. The CPI based inflation moved northwards after declining for four months since February. CPI inflation stood at 4.31 per cent (revised upward from 4.25 per cent) in May 2023 and 7 per cent in June 2022. The previous high CPI was in March at 5.66 per cent.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that Rural CPI (General) in June 2023 stood at 4.72 per cent as against 4.23 per cent in May. The Urban CPI (General) stood at 4.96 per cent in June as against 4.33 per cent in May. The index value for Rural, Urban and Combined CPI (General) stood at 181.8, 179.9 and 180.9 respectively, in June 2023.
According to the data, the inflation in the food basket was at 4.49 per cent in June, higher than 2.96 per cent in May. The food basket accounts for nearly half of the CPI. Annual rate of price rise was 19.19 per cent in case of spices, 12.71 per cent in 'cereals and products', 10.53 per cent in 'pulses and products', and 7 per cent in eggs. Fruits too were marginally costlier in June year-on-year. However, there was a decline in inflation in 'oil and fats' (- 18.12 per cent) and vegetables (-0.93 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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