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With an aim to empower consumers and protect consumer rights, the government has launched various initiatives including Dissemination of Indian Standard Time through NTP, an Integrated Price Monitoring Dashboard and CCPA website for seamless redressal of violation of consumers rights. The launch of Dissemination of Indian Standard Time through NTP will enable all mobile service providers to synchronize with Indian Standard Time (IST). This will also aid in synchronizing real-time applications in strategic sectors for national security.
Further, Integrated Price Monitoring Dashboard will provide with data visualization and analytics along with monitoring the daily retail and wholesale prices of 22 essential food commodities through 550 price monitoring centers set up in 34 states / UT. The dashboard is built as multiple pages with each page serving a specific purpose. The government also launched Video Conferencing Facility in the State Consumer Disputes Redressal Commission which enhances Consumer Protection Act 2019's e-filing provisions.
The launch of CCPA website for seamless redressal of violation of consumers rights as class will enable swift and hassle free filing of complaints by the consumers on class action basis, while also allowing them to choose nature of case, description of the complaint, upload relevant documents/videos and track the progress of their complaint online, in the comfort of their own homes. Further, the website serves as a unified platform to access several advisories, guidelines and orders passed by CCPA which are detrimental to the rights of consumers.
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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