Retaining its April forecast, the India Meteorological Department (IMD) has said that India is likely to receive above average monsoon rains this year. Above average rains will help India, which depends heavily on the summer rains for its farm output, boost agriculture and overall economic growth. The India Meteorological Department (IMD) said India likely to experience normal rainfall (92-108 per cent of long period average of 166.9 mm) in June. Barring a few parts of southern peninsular India, normal to above-normal maximum temperatures expected in country in June.
It noted that ‘Conditions favourable for onset of monsoon over Kerala in next 5 days’. It added that ‘India's monsoon core zone comprising most of the rain-fed agriculture areas likely to receive above normal rainfall.’ According to IMD, below-normal monsoon rainfall predicted in northeast India, normal in northwest, and above normal in central and south peninsular India. It also added that Northwestern and central parts of the country are likely to get some relief from scorching heat after three days due to a fresh western disturbance.
According to IMD chief Mrutyunjay Mohapatra, Rajasthan and Gujarat saw nine to 12 heat wave days, with temperatures reaching 45-50 degrees Celsius. He said ‘Expect relief from the heat wave in northwest and central parts of the country after three days due to a western disturbance and moisture incursion from the Arabian Sea. There could be some thunderstorm activity in northwest India and rain in the western Himalayan region’. He added Delhi, south Haryana, southwest UP and Punjab recorded five-seven heat wave days, with maximum temperatures ranging from 44 degrees Celsius to 48 degrees Celsius. Assam also experienced a heat wave with record breaking temperatures on May 25-26. The IMD attributed the heat wave in northwest India and some parts of the central region in the second half of May to the lack of rainfall, stronger dry and warm winds and an anti-cyclonic circulation over southwest Rajasthan and adjoining Gujarat.
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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