Expressing hopefulness over the country’s rainfall situation, the India Meteorological Department (IMD) has said that India could experience above-normal rainfall in July, except for parts of the northeastern region. IMD chief Mrutyunjay Mohapatra said July rainfall averaged over the country as a whole is most likely to be above normal - more than 106 per cent of the long-period average of 28.04 cm. He added ‘Normal to above-normal rainfall is most likely over most parts of the country except many parts of northeast India and some parts of northwest, east, and southeast peninsular India’.
IMD said maximum temperatures are likely to be normal to below normal over many parts of northwest India and south peninsular India, except the west coast. Above-normal maximum temperatures are likely over many parts of central India, east and northeast India, and along the west coast. It added the minimum temperatures are most likely to be above normal over many parts of the country except some parts of northwest and the adjoining areas of central India, and some pockets of southeastern peninsular India.
It noted northwest India recorded its warmest June last month since 1901, with a mean temperature of 31.73 degrees Celsius. The monthly average maximum temperature in the region settled at 38.02 degrees Celsius, 1.96 degrees Celsius above normal. According to IMD data, the average minimum temperature stood at 25.44 degrees Celsius, 1.35 degrees Celsius above normal. Northwest India recorded a mean temperature of 31.73 degrees Celsius in June, 1.65 degrees Celsius above normal and the highest since 1901.
In June, India recorded below-normal rainfall in June, with the deficit standing at 11 per cent, the highest in five years. According to the IMD data, the country received 147.2 mm of rainfall against a normal of 165.3 mm for the month, the seventh lowest since 2001. June rainfall accounts for 15 per cent of the total precipitation of 87 cm recorded during the four-month monsoon season in the country.
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
