According to the Institute of Economic Growth (IEG), the headline inflation is expected to come under 8% after remaining above the 8% mark for more than year. The forecast of IEG is much in the line with Finance minister’s view on inflation. The wholesale Price Index (WPI) inflation is likely to be 8.47%, 8.24% and 7.93% for May, June and July 2011 respectively, IEG said in its monthly monitor report.
The inflation measured by WPI, stood at 8.66% for month of April. Inflation was 9.04% in March and 9.54% in February. This fall in inflation was mainly because of fall in certain food items.
The beginning of current financial year has been slow and this slowdown is because of the slow growth in industrial sector. As per the report, the industrial growth will slow down to 4.84% by July end. IIP in March stood at 7.3%. IEG has said that, 'though global recovery is picking up, the inflation pushed rate hikes will pull the growth down'. The central bank’s has been repeatedly hiking its policy rates in order to curb inflation.
Though for the week ended May 21 the inflation has declined considerably to 8.06% from 8.55% in previous week and commenting on fall in weekly food inflation, Finance Minister Pranab Mukharjee had expressed his confidence on the decline of inflation due to fall in food items, he said, if the declining trend in food items and non-food primary items articles continues, “It would be possible to have a moderate rate of inflation.” Food inflation measured by WPI fell to 8.06% during week ended may 21 from 8.55% in the previous week.
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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