Finance Minister Nirmala Sitharaman has said that the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 percent of the Gross domestic product (GDP) for the current financial year. She said the 'mool mantra' now is that fiscal deficit is something that one cannot escape, but at the same time, it needs to be carefully tackled.
Emphasising that the government has made the Union Budget transparent, Sitharaman said there was nothing under wraps or swept under the carpet. She also said whatever the government is borrowing or spending is open for everyone to see and the government has spent big on those areas that provide a big multiplier effect.
India has exceeded its fiscal deficit target of 3.5 percent in the current fiscal by a wide margin, due to higher spending to stimulate the economy amid the COVID-19 pandemic. The fiscal deficit -- the excess of government expenditure over its revenues -- has been pegged at 9.5 percent of the GDP in the current fiscal ending March 31, as per the revised estimate. For the next fiscal, the deficit has been pegged at 6.8 percent of GDP, which will be further lowered to 4.5 percent by fiscal 2025-26.
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.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
