The US markets closed higher on Monday, with the main benchmarks closing at record levels for the fourth straight session, as investors watched corporate results and speculated the economy is strong enough to withstand a global slowdown. Last week, Federal Reserve Chairwoman Janet Yellen and New York Fed President William Dudley both stated that rates are set to go up, with Dudley adding that it will likely happen next year. On the economy front, a Federal Reserve benchmark showed the US labor market improved in October. The Labor Market Conditions Index, derived from 19 indicators, rose by 4.0 points last month after gaining a revised 4.0 in September. September’s reading was initially reported as a 2.5 point gain. The US jobless rate fell to 5.8 percent in October, the lowest since July 2008, as employers added 214,000 workers to non-farm payrolls. That marked the ninth consecutive month payrolls which grew by more than 200,000. The index is heavily weighted to the unemployment rate and private payrolls. It also includes the labor-force participation rate as well as data on wages, hiring and dismissals. The Fed doesn’t release the index’s value, only its monthly change.
Dow Jones Industrial Average added 39.81 points or 0.23 percent to 17,613.74, Nasdaq was up by 19.09 points or 0.41 percent to 4,651.62, while S&P 500 ended higher by 6.34 points or 0.31 percent to 2,038.26.
The Indian ADRs closed mostly in red on Monday; Infosys was down 0.24%, Wipro was down 0.09%, HDFC Bank was down by 0.03% and ICICI Bank was down 0.02%. On the other hand, Dr. Reddy’s Lab was up 0.08%.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
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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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Name of the IA registered
with SEBI: |
The Alchemists Ark Pvt. Ltd. |
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Logo:
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Trade/Brand
Name of IA: |
MoneyWorks4Me Investment Advisers |
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Brand Logo:
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SEBI Registration Number:
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INA000013323 Validity – May 16, 2019 – Perpetual |
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Registration:
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Non-Individual |
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BSE Enlistment No:
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1187 |
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Address:
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B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045 |
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Compliance Officer
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Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com |
Telephone: +919860359463 Address: Same as IA |
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Grievance Officer
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Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com |
Telephone: +919860919463 Address: Same as IA |
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Principal Officer
Details: |
Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com |
Telephone: +919175899463 Address: Same as IA |
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Standard Warning:
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Investment in securities market are subject to market risks. Read all the related documents carefully before investing. |
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Disclaimer:
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Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. |
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