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Indian rupee ended higher against dollar on Monday as India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to 4.06 per cent in the month of January 2021. The retail inflation during the month of December 2020 was at 4.59 per cent. This is the second consecutive month the CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. Adding optimism, PHD Chamber of Commerce and Industry (PHDCCI) stated that expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 (Q3, Q4 of FY21) are getting stronger on account of various reforms undertaken by the government in the last ten months. On the global front, dollar started the week pinned near two-week lows on Monday, as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package drove up riskier currencies and stock markets across Europe and Asia.
Finally, the rupee ended at 72.68, 7 paise stronger from its previous close of 72.75 on Friday. The currency touched a high and low of 72.69 and 72.57 respectively. The reference rate for the dollar stood at 72.79, and for Euro stood 88.28 on February 12, 2021. While the reference rate for the Yen stood at 69.44, the reference rate for the Great Britain Pound (GBP) stood at 100.44.
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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