India and Japan, with a combined GDP of around $7 trillion, inked a Comprehensive Economic Partnership Agreement (CEPA) to liberalize their markets and boost not only their bilateral trade in goods and services but also investments. The move comes at a time when India-Japan trade had fallen in 2009-10 by 5 per cent to $10.36 billion from $10.91 billion in 2008-09. Trade balance has been in Japan's favour with India imports being $6.7 billion and exports only at $3.6 billion in 2009-10.
The pact covers around 90 per cent of India's tariff lines of around 12,000 lines and about 95 per cent of Japan's 9,000 tariff lines. The agreement will result in elimination of tariffs in these items within 10 years of the pact coming into force.
The sectors in India that would gain the most from the CEPA are textiles (they will immediately get duty-free access to the Japanese market) and pharmaceuticals. Indian pharmaceuticals will get access to a highly developed Japanese market and for the first time ever Japan has committed to give the same treatment for Indian generics (off-patent drugs) as their domestic industry. Among those imports from Japan that will be duty-free immediately after the pact is implemented are SIM and memory cards, electronics-indicator panels of LCDs and LEDs, calculators and battery chargers.
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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