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Finance Minister Nirmala Sitharaman has said retail inflation is now ‘stable’ and temporary increases in inflation on a few occasions are caused by demand-supply mismatches arising out of global shocks and adverse weather conditions. Sitharaman said India’s retail inflation has declined from an average of 7.1 per cent in April-October 2022 to 5.4 per cent in the corresponding period of 2023. She said the core inflation rate has declined from 5.1 per cent in April 2023 to 4.3 per cent in October 2023. The minister said retail inflation in India has been mostly within acceptable limits after the notification of the inflation tolerance band in 2016.
She added ‘Temporary increases in inflation on a few occasions are caused by demand-supply mismatches arising out of global shocks and adverse weather conditions’. She also said proactive supply-side initiatives by the government and effective demand stabilisation measures by the Reserve Bank of India have helped resolve the demand-supply mismatches and rein in inflation. The measures taken by the government to restrain inflation include strengthening buffers for key food items, making periodic open market releases, easing imports of essential food items through trade policy measures, and preventing hoarding through imposition/revision of stock limits, and channelling supplies through designated retail outlets.
To ensure food security for the poor, the Pradhan Mantri Garib Kalyan Anna Yojana, which provides free foodgrains to about 81.35 crore beneficiaries, has been extended for five years with effect from January 1, 2024. In October 2023, the government also increased the subsidy under the Pradhan Mantri Ujjwala Yojana from Rs 200 to Rs 300 per 14.2 kg cylinder.
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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