The agriculture ministry in its latest data, over the progress of area coverage under summer crops as of April 28, 2023, has showed that the area under coverage for summer crops is marginally down so far at 65.29 lakh hectares from 66.02 lakh hectares a year ago. The sowing area under rice and oilseeds is less, while the acreage of pulses and coarse cereals is higher.
As per the data, the area under coverage for rice stood at 27.45 lakh hectares so far against 29.14 lakh hectares in the year-ago period. Pulses acreage rose to 17.57 lakh hectare from 16.23 lakh hectares, while sowing area of coarse cereals increased to 10.86 lakh hectares from 10.19 lakh hectares. In the non-foodgrains category, oilseeds acreage is down at 9.40 lakh hectares till April 28 from 10.46 lakh hectares in the year-ago period.
The growing season for zaid/summer crops is short - March-June. It is between rabi (winter-sown) and kharif (summer sown) seasons. Zaid/summer crops are raised where assured irrigation facilities are available.
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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