With moderation in vegetables and fuel prices, India’s the Consumer Price Index (CPI)-based inflation (retail inflation) eased to a three-month low of 5.02 per cent year-on-year in September from 6.83 per cent in August. The inflation was 6.83 per cent in the preceding month and 7.41 per cent in September 2022. The previous low was in June this year when the reading stood at 4.87 per cent. Retail inflation rate fell below the Reserve Bank of India’s (RBI’s) upper tolerance level of 6 per cent for the first time in three months. RBI, which mainly factors in CPI inflation while arriving at its bi-monthly monetary policy, has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on the either side.
The inflation in the food basket came down to 6.56 per cent in September from 9.94 per cent in the preceding month. The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that Rural CPI (General) in September 2023 stood at 5.33 per cent as against 7.02 per cent in August. The Urban CPI (General) stood at 4.65 per cent in September as against 6.59 per cent in August. The index value for Rural, Urban and Combined CPI (General) stood at 185.8, 182.2 and 184.1 respectively, in September 2023.
The inflation in the vegetables basket slipped to 3.39 per cent in September compared to 26.14 per cent in August. The inflation declined in the ‘oil and fats’ (-14.04 per cent) and ‘fuel and light’ (- 0.11 per cent) during the month under review. The inflation rate of cereals eased to 10.95 per cent from 11.85 per cent in August. While inflation for milk (6.89 per cent), spices (23.06 per cent), and prepared meals (4.96 per cent) eased last month, prices of fruits (7.30 per cent), sugar (4.52 per cent), and egg (6.42 per cent) and meat (4.11 per cent) saw acceleration during the month. Also, inflation of pulses spiked to 16.38 per cent in September from 13.04 per cent the previous month.
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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