Finance Minister Nirmala Sitahraman has said the economy is moving in the right direction, and India has become the fastest-growing major economy in the world. Further, talking about supplementary Demands for Grants, Sitharaman said fiscal prudence is the top priority of the government without compromising on social welfare.
The House, the Lok Sabh, approved the Supplementary Demands for Grants, allowing the government to spend an additional over Rs 1.29 lakh crore, of which Rs 58,378 crore would be the cash outgo in the current fiscal. The remaining Rs 70,968 crore will be matched by the savings and receipts.
She stated ‘Our economy is moving in the right direction...Macroeconomic fundamentals are fine. We have become the fastest-growing economy. Q2 growth of 7.6 per cent is the highest in the world.’
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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