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Finance Minister Nirmala Sitharaman has said India’s inflation target band of 2 percent- 6 percent is up for review as the five-year term for the current monetary policy framework draws to a close. The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016. She said ‘monetary policy committee’s term is coming to an end. Inflation targeting will also have to be reviewed. We shall do that.’
Since coming to power in 2014, Prime Minister Narendra Modi’s government has been able to tame inflation to the given range in the framework. Before the monetary policy framework came into existence India’s inflation was high and volatile driven by fuel and food prices. But during the coronavirus pandemic inflation rose significantly while the economy crashed, creating major challenges for the Modi government that was formulating policies to provide relief to its 1.4 billion population.
Inflation in Asia’s third largest economy returned toward the Reserve Bank of India’s (RBI) 2 percent-6 percent inflation target range in December after remaining stubbornly above the central bank’s comfort range for eight consecutive months.
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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