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Bonds yields traded lower on Monday on expectation that the central bank will add to this year’s three interest-rate cuts as sliding oil improves the outlook for inflation. Some support also came with the report of surge in the manufacturing PMI index which came at six-month high of 52.7 in July, from 51.3 in June.
In the global market, U.S. Treasuries rallied on Friday after data showed labor costs rose in the second quarter by the smallest margin on record, putting a dent in the argument for the U.S. Federal Reserve to raise interest rates in September. Furthermore, Oil extended losses on Monday on worries of oversupply as the Organization of the Petroleum Exporting Countries pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest oil consumer.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.78% from its previous close of 7.80% on Friday.
The benchmark five year yields were trading 1 basis point lower at 7.92% from its previous close of 7.93% on Friday
The Reserve Bank of India has announced the auction of 91-days and 364-days Government of India Treasury Bills for notified amount of Rs 8,000 crore and Rs 6,000 crore respectively. The auction will be conducted on August 05, 2015 using 'Multiple Price Auction' method.
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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