If you currently invest in mutual funds, you may be aware that the AMC sends you a fact sheet each month. This article will assist you in understanding how to read it. So, keep an eye out!

The company recently posted robust Q1FY23 results. 

On August 5, Monetary Policy Committee is expected to make its conclusion public. Market sentiment is reportedly split between a 35 bps hike and a 50 bps hike. 

In today’s session, the company witnessed a 20 per cent surge in the share price, post which, the company topped the list of gainers from Group A on BSE.  

In context to market expectations from Friday’s RBI MPC meet, Sumit Chanda, Founder & CEO of JARVIS Invest says, “While there have been some indications of the inflation moderating, with the Brent being still above the $100 mark and a falling rupee, we can expect RBI to hike the repo rate by about 50 bps.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 122.12 points or 0.2 per cent.

Interestingly, the company also managed to turn its year-ago quarter’s net loss of Rs 29 crore into a profit of Rs 15 crore for Q1 of FY2023.

The small-cap index witnessed intense buying in SpiceJet, Navneet Education Ltd, and TVS Srichakra Ltd, all of which, surged more than 11 per cent.  

It has gained about 417 per cent in the last six months while its shareholders enjoyed returns of 128 per cent in just one month!  

On Wednesday, in a tight competition between bulls and bears, the bears finally showed a winning streak and the benchmark indices closed higher. For the domestic market, the major event investors are eyeing this week is the RBI’s policy meeting outcome.