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Finance Minister Nirmala Sitharman has said the government is mindful of the fiscal deficit management and will ensure the burden of servicing debt is not passed on to next generation. She said the government is looking at the ways in which it can bring down the overall debt. She said ‘We are conscious of matters related to macro-economic stability of the country and responsibility with which we deal with our fiscal and also the fiscal management and so for every decisions that we take today, we are conscious of what burden is going to leave for the next generations’. She said it is very easy to be profligate and burden the coming generations with the debt that you will be sitting with.
She also said ‘We are conscious of the debt of government of India. Compared to many others, it might not be as high as it is, but even then, we are consciously looking at experiments in different parts of the world’. She said the government actively look at the data related to debt of some emerging market countries and how they are managing them. The government is successful in managing debt burden because efforts are very well streamlined to meet India's aspirational requirements, but deal with it with a sense of responsibility so that coming generations don't feel the burden. During Covid days, she said, the government spent public money in creating public infrastructure so that there is better return for every rupee rather than go by the temptation of giving money in the hands of people who were suffering.
Observing that India is opening up and bringing greater transparency through the digital economy, Sitharaman said, there's no more powerful tool than digitisation to empower citizens, who otherwise would've remained very far from their developmental aspirations being met. She said ‘Jan-Dhan accounts have been the biggest instrument of bringing financial inclusion to the country. When it was launched in 2014, people raised questions, saying that these would be zero-balance accounts & would be a burden on the Public Sector Banks (PSBs)’. She also highlighted the challenges posed by global terror and stressed that investors and businesses will have to take into account such factors while making investment decisions.
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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