Indian bond yields halting six day’s rally have edged lower as some easing liquidity condition coupled with euro's losses amidst weakness in local shares has triggered buying of safe-haven government debt, thereby sending the yields lower. Meanwhile, overseas cues were muted as the U.S. markets were shut on Monday for Independence Day holiday. However, heavy debt supplies this week are seen keeping aggressive buying in check.
As Five State Governments have announced the Auction of State Development Loans 2021 for Rs 5,250 crore on July 5, 2011.
Moreover, the Reserve Bank of India has announced the auction of 182-day and 91 day Government of India Treasury Bills for notified amount of Rs 3,000 crore and Rs 7000 crore respectively. The auction will be conducted on July 6, 2011 using 'Multiple Price Auction' method.
Additionally, the Government of India have announced the sale of three dated securities for Rs 12,000 crore on July 8, 2011, which includes (i) “8.07 percent Government Stock 2017” for a notified amount of Rs 3,000 crore (nominal), (ii) “8.13 percent Government Stock 2022” for a notified amount of Rs 6,000 crore (nominal) and (iii) “8.28 percent Government Stock 2027” for a notified amount of Rs 3,000 crore (nominal) through price based auctions.
Back home, the yields on 10-year benchmark 7.80% - 2021 was down 3 basis point at 8.33% from its previous close of 8.36% on Monday.
The benchmark five-year interest rate swap was down 6 basis points at 7.75% from its previous close of 7.81% on Monday.
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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