Bond yields traded lower on Wednesday as State Bank of India's (SBI) research report - Ecowrap has said that India’s real Gross domestic product (GDP) is expected to shrink by 10.9 percent in the current fiscal year (FY21). It had earlier estimated real GDP at (-) 6.8 percent for FY21. It estimates Q2 real GDP decline in the range of (-) 12 percent to (-) 15 percent, while Q3 GDP is seen between (-) 5 percent and (-) 10 percent. Q4 is expected to be in (-) 2 percent to (-) 5 percent range.
In the global market, U.S. Treasury yields on the longer end of the curve reversed course and fell on Tuesday after a Federal Reserve governor called for new accommodative efforts to help the economy overcome the impact of the coronavirus pandemic. Furthermore, crude oil futures rose after a more-than-expected draw in U.S. crude stockpiles and as solid U.S. factory data raised optimism of a post-pandemic economic recovery, boosting risk appetite among investors.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 5.92% from its previous close of 5.94% on Tuesday.
The benchmark five-year interest rates were trading 3 basis points lower at 5.17% from its previous close of 5.20% on Tuesday.
| Company Name | CMP |
|---|---|
| MRF | 128130.00 |
| Apollo Tyres | 474.15 |
| CEAT | 2295.15 |
| Balkrishna Inds. | 2500.00 |
| JK Tyres & Inds. | 384.90 |
| 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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