Bolstering further case for RBI putting key policy rates on hold in upcoming monetary policy on April 1 after easing Retail inflation data, the annual rate of inflation, based on monthly WPI, cooled to multi month low at 4.68% (provisional) for the month of February, 2014 (over February, 2013) as compared to 5.05% (provisional) for the previous month and 7.28% during the corresponding month of the previous year. The figures encouragingly were lower than street expectation of sub 5% number at 4.9% for February. However, December inflation figures were revised upwards to 6.40% against 6.16% earlier.
The decline in headline inflation figure was on account of easing prices in food articles, which declined by 0.3% to 232.9 (provisional) from 233.6 (provisional) for the previous month that dragged Primary article index, which occupies 20.12% weight in the overall headline index, lower by 0.1% to 238.6 (provisional) from 238.9 (provisional) for the previous month. Meanwhile, the index for ‘Non-Food Articles’ group rose by 0.6 percent to 217.4 (provisional) from 216.0 (provisional) for the previous month.
Further, Fuel & Power, having weight of 14.91%, too declined by 0.1% to 212.6 (provisional) in month under review from 212.8 (provisional) for the previous month due to lower price of coking coal (7%), aviation turbine fuel, kerosene and electricity (agricultural) (2% each) and LPG (1%). However, petrol and high speed diesel (1% each) moved up. However, the index of Manufactured Products, which occupies 64.97% of weight in the overall index, rose by 0.1% 152.7 (provisional) from 152.6 (provisional) for the previous month.
However, in a sign of worry, Core WPI, has been hardening. The figure, which stood at 2.8% in December, edged higher to 3% in January, before finally coming at 3.2% in February. Nevertheless, the latest figure would do some help to reduce some flak towards Congress party-led ruling alliance, which faces an uphill battle in a general election due by May. Earlier in the month, Retail Inflation cooled off to 25 month low of 8.10% in Feb, while IIP posted its first growth in previous four months during January.
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!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
