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The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation in its latest data has showed that India’s retail inflation, based on Consumer Price Index (CPI), increased to 6.09% in June 2020, mainly on account of higher prices of food items. The CPI was 3.18% in June 2019. Besides, food inflation in June increased to 7.87%. The ministry said the inflation figures are based on data collected from limited markets in view of the restrictions imposed on account of coronavirus pandemic. However, it said the data collected did not meet the adequacy criteria for generating robust estimates of CPIs at the state-level.
According to the data, the annual inflation in cereals and related products was 6.49%, and 16.22% in 'meat and fish' segment. For 'pulses and products', it was 16.68%, while that of spices stood at 11.74%. The inflation in vegetables basket was 1.86%, while it was in negative zone for fruits. In the 'fuel and light' segment, it was 2.69%. The inflation was ruling at 6.20% in rural India and 5.91% in urban areas. In view of the preventive measures and announcement of the nationwide lockdown by the government to contain spread of Covid-19 pandemic, the price collection of CPI through personal visits of price collectors was suspended.
During the lockdown, prices were collected through telephonic call from the designated outlets in selected markets, which was supplemented by information collected during the personal purchase of field staff for the items being transacted from neighborhood outlets, keeping in view the travel advisories. As the various pandemic related restrictions were gradually lifted and non-essential activities started resuming operations, NSO collected prices from 1,030 urban markets and 998 villages, for commodities that were available and transacted in June, 2020. The price data are usually collected from selected 1,114 urban markets and 1,181 villages through personal visits by field staff of Field Operations Division of NSO in the ministry on a weekly roster.
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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