Chana traders are reportedly seeking Forward Markets Commission (FMC) probe into futures price movement of Chana, since a section of the trade is reported to have formed a cartel to increase prices, leading to demand for a thorough investigation by the FMC.
It is reported that a group of cartel placed all delivery of chana and now again it is buying large quantity and taking advantage. January contract are Rs 6,000 a tonne lower than November contract and exchange has 29,000 tonnes stocks in demat form. Instead of selling by the holder of the demat stock, they are cornering all the quantity. The difference is Rs 17.40 crore between November and January contract. The new Indian crop will come only from March 2013.
The chana traders has urged the regulator to look into these issues and instigate steps to investigate in detail and check who are holder of goods in demat form and why they are again on buying sides regardless of the fact that for the next two months prices are lower by 12.70% and a real trader should sell the demated stock rather than buying again.
The traders wanted the authorities to check the source of their margins as they are sure that it is funded directly or indirectly by the cartels who already having position of demated stock and again buying in November expiry contract.
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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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