The Bharatiya Janata Party hailed the Union Budget as ‘outstanding’ and said it will accelerate the country's economic transformation and help realise Prime Minister Narendra Modi's dream of making India developed.
Defence Minister Rajnath Singh said it is unique in many ways and by clearly outlining the National Democratic Alliance (NDA) government's nine key priorities for all-round and inclusive development, it has successfully elevated India's growth trajectory. He said the budget will boost demand, create new opportunities for youngsters and propel the country's economy onto the global stage. Rajnath Singh congratulated FM Nirmala Sitharaman for presenting an excellent and outstanding full year Budget for FY 2024-25 which will help in moving towards making a prosperous and self-reliant 'Viksit Bharat'.
Parliamentary Affairs Minister Kiren Rijiju called the budget as a ‘dream budget and said the budget is ‘growth-oriented’ and meant to benefit ‘everyone, especially youngsters and women’. He has lauded the Union Budget 2024, describing it as a reflection of Prime Minister Narendra Modi's vision for a ‘Viksit Bharat’ (Developed India) by 2047. About the opposition parties' criticism of the budget, Rijiju said, ‘If opposition parties have criticised it, it means it is a very good budget. They are disappointed and worried because it is a good budget for the country. It is a growth-oriented budget.’
While, Union minister Jyotiraditya Scindia hailed the budget as ‘farsighted’ and said it has ensured that India marches on the path to become a developed and self-reliant country. He said the budget has been formulated keeping in mind every sector, including agriculture, rural development, infrastructure, irrigation, education and health.
The Union Budget 2024-25 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today, identified nine priorities for generating ample opportunities including productivity and resilience in agriculture, employment and skilling and manufacturing and services. However, Congress criticised the budget and claimed that the manifesto of the party for the Lok Sabha elections in 2024 inspired the budget.
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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