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With an uptick in food prices, India’s retail inflation rose to a three-month high of 4.91 per cent in November 2021. The annual CPI inflation was 4.48 per cent in October 2021. Though, the Consumer Price Index (CPI) based inflation for November is lower than 6.93 per cent in November 2020 and within the 4+/-2 per cent target range of the Reserve Bank of India (RBI). The inflation had eased from 5.3 per cent in August to 4.35 per cent in September and then moved up to 4.48 per cent in October.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in November 2021 stood at 4.29 per cent as against 4.07 per cent in October. The Urban CPI (General) stood at 5.54 per cent in November as against 5.04 per cent in October. The index value for Rural, Urban and Combined CPI (General) stood at 167.6, 165.6 and 166.7, respectively, in November 2021.
As per the data released by the NSO, inflation in the food basket was 1.87 per cent in November compared to 0.85 per cent a month earlier. However, it was significantly down from 9.5 per cent in November 2020. Fuel and light inflation stood at 13.4 per cent in November as against 14.4 per cent a month ago, while vegetables inflation was recorded at -13.6 per cent as against -19.4 per cent a month ago. Clothing and footwear inflation was at 7.9 per cent in November compared with 7.5 per cent a month ago, while transport and communication inflation was at 10.02 per cent as against 10.9 per cent in October.
The Price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of November 2021, NSO collected prices from 99.7% villages and 98.4% urban Markets while the Market-wise prices reported therein were 89.4% for rural and 92.8% for urban.
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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