Despite stringent rainfall and an expected fall in sugar production in the current marketing year starting October 2012, the Central government has confirmed that there is no proposal to ban sugar exports. About 1.35 million tonne sugar has been exported this year so far.
Earlier, the Food Ministry had planned to restrict sugar exports so as to control the rising retail prices, which had hit Rs 37-45 a kg in metros. The sugar prices started climbing up as the production lacked due to deficient rainfall in sugar cane producing states such as Maharashtra and Karnataka.
Sugar production is expected to be 26 million tonnes in the ongoing 2011-12 marketing year, and forecasts nearly 25 million tonne for the next marketing year starting October 2012. In May, the Centre had freed sugar exports and took it under the Open General License (OGL).
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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