Where Are Equity Funds Investing at High Market Valuations?
Most investors turn cautious when the market gets overvalued. On 12th July, the Nifty 50, once again, crossed the psychological 8,500 mark. Most investors would be cheering this rally after the market dipped due to global factors. On the flip side, the price-to-earnings (P/E) ratio of the index crossed 23—nearly 1.5 standard deviation above its mean. Over the past 15 years, when the Nifty P/E...
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