Reiterating governments’ stand on foreign direct investment (FDI) in retail, Trade Minister Anand Sharma has said that India is committed to opening its retail sector to foreign investment and will not reverse its stance. 'We are committed, we have taken the decision and we are building a strong consensus and we are not reversing our decision,' he said. 'It is being held in abeyance, it is on pause button... But it is a political call. We want to do this and I am not the only one.'
It was widely being expected that the decision on FDI in retail could be announced before the next parliament session on August 8. The decision to allow 51 percent FDI in multi-brand retail was announced in November last year, but its implementation was put on hold after strong protest from various parties including some key allies of the government. Another party supporting government from outside too has said that the party has reservations over allowing FDI in retail before addressing farmers' issues.
The retail sector of India is vast, and has huge potential for growth and development, as the majority of its constituents are un-organized; it contributes about 15% to the national GDP, and employs a massive workforce. But political parties have been opposing the FDI in retail saying it would exacerbate the problem of locals by causing huge unemployment.
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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