India’s retail inflation based on Consumer Price Index (CPI) slowed down from a 14-month high of 6.21 percent in October 2024 to 5.48 percent in November 2024, as food prices cooled off. All India Consumer Food Price Index (CFPI) or food inflation for the month of November 2024 stood at 9.04 percent. It was 10.87 percent in October 2024. The November inflation reading is within the Reserve Bank of India’s (RBI’s) tolerance level. The RBI is tasked to keep CPI-based inflation at 4 percent, with a tolerance band of 2 percentage points on either side.
The NSO, Ministry of Statistics and Programme Implementation (MoSPI) in its data has showed that Rural CPI (General) in November 2024 stood at 5.95 percent over 6.68 percent in October 2024. The Urban CPI (General) stood at 4.83 percent in November as against 5.62 percent in October. The index value for Rural, Urban and Combined CPI (General) stood at 199.4, 193.1 and 196.5 respectively, in November 2024. The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of November 2024, NSO collected prices from 99.8 percent villages and 98.5 percent urban markets while the market-wise prices reported therein were 88.8 percent for rural and 92.5 percent for urban.
Besides, Vegetable prices rose 29.33 percent year-on-year in November after accelerating 42.18 percent in October. Cereal prices rose by 6.88 percent after rising by 6.94 percent in October. Inflation for meat and fish was 4.67 percent compared to a rise of 3.17 percent in the previous month. Inflation in eggs rose 4.84 percent after rising by 4.87 percent last month. The inflation rate for milk and milk products was 2.85 percent, compared to 2.97 percent in the previous month. Inflation in Pulses and products rose 5.41 percent after rising by 7.43 percent last month. Clothing and footwear inflation rose to 2.75 percent, compared to 2.79 percent in the previous month. Housing prices went up by 2.87 percent, compared to 2.81 percent last 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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