The US markets ended mostly lower on Monday on worries about US-China tensions. Also, investors were quite reluctant to make significant moves due to a lack of positive triggers. Investors continued to weigh the likely impact of the coronavirus pandemic on the economy despite recent comments from Federal Reserve Chairman Jerome Powell that said interest rates will likely remain lower for a long time. Clarida said a low unemployment rate by itself, in the absence of evidence that price inflation is running or is likely to run persistently above mandate-consistent levels or pressing financial stability concerns, will not, under our new framework, be a sufficient trigger for policy action.
Over the past five months, the Dow’s advanced 29.7%, its biggest 5-month percent gain since July 2009, while the S&P 500 added 35.4%, its best 5-month run since October 1938. The Nasdaq outperformed, advancing 52.9%, booking its strongest 5 months since March 2000. The S&P 500 clinched its best August return since 1986 and the Dow its best return for that month since 1984, while the Nasdaq recorded its strongest August since 2000. Much of the strength has been attributed to hopes for vaccines and treatments for the COVID-19 pandemic that has debilitated economies across the globe. The S&P 500 and Nasdaq have continued to notch records as risk assets shrug off the economic damage wrought by the coronavirus.
Dow Jones Industrial Average fell 223.82 points or 0.78 percent to 28,430.05, S&P 500 was down by 7.7 points or 0.22 percent to 3,500.31, while Nasdaq gained 79.82 points or 0.68 percent 11,775.46.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 174.60 |
| TVS Holdings | 12006.60 |
| Bosch | 32255.00 |
| UNO Minda | 1052.00 |
| Varroc Engineering | 682.00 |
| View more.. | |
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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