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Bond yields traded higher on Friday on the expectation that the slowing economic growth will help to cut the interest rates at this month’s central bank meeting. Also investors remained cautious ahead of the US non-farm payroll data due to be released later today. Meanwhile, Sentiments remained down-beat with the report that India's June-September monsoon rains are likely to be below the prior forecast of 88 percent of the long-term average, which could make it the driest year since 2009 and reduce farm output.
In the global market, U.S. Treasuries prices rose modestly on Thursday after a dovish outlook from the European Central Bank made U.S. government debt more attractive than European counterparts, but caution ahead of Friday's monthly U.S. employment report limited gains. Furthermore, Oil prices eased in Asian trade on Friday as investors turned cautious ahead of U.S. jobs data later in the day which is expected to play into the Federal Reserve's decision on the timing of any U.S. rate hike.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.75% from its previous close at 7.74% on Thursday.
The benchmark five year yields were trading 1 basis point lower at 7.87% from its previous close at 7.88% on Thursday
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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