Blog
What the numbers said — fund returns and costs, foreign and domestic flows, index valuations, gold and silver — plus tax, retirement and personal-finance basics, written from the same data the rest of this site shows, with the date on every figure.
Mid and small caps vs the Nifty 50, every year since 2017
07 Oct 2026
Midcap 150 and Smallcap 250 each beat the Nifty 50 in five of nine years from 2017 to 2025. In 2026 so far small caps are up 7.3%, the Nifty 50 down 12.8%.
Investing StrategyFund Returns
New mutual funds in September 2026: 22 launches
07 Oct 2026
22 new schemes published a first NAV in September 2026, against 13 a year earlier. Nine of the 11 equity-linked launches are below their first NAV.
Fund Industry
Nifty 50 by calendar month: February is the weak one
07 Oct 2026
From 2013 to 2025 the Nifty 50 fell in eight Februaries and rose in ten Julys and ten Octobers. September 2026's 6.1% fall was the second-worst September.
Investing StrategyMarket Recap
The Nifty 50 in dollars has gone nowhere in five years
07 Oct 2026
In dollars the Nifty 50 is where it was in October 2021: 8,184 against 8,154. In rupees it is up 29.1%. The gap is a rupee that lost 22.2% of its dollar value.
Investing StrategyMarket Valuations
Nifty 500 P/E at 21.9: cheaper since August, same gap
07 Oct 2026
The Nifty 500 closed at a P/E of 21.90 on 6 October 2026, down from 22.89 in late August. Only 5 sessions since 2021 had a lower P/B, all since 28 September.
Market Valuations
Nifty Consumer Durables P/E at 59.1: earnings caught up
07 Oct 2026
Nifty Consumer Durables closed at a P/E of 59.05 on 6 October 2026, down from 93.75 at its 2024 peak, as earnings rose about 32% and the price fell 17%.
Market ValuationsSectors
CPSE and PSE P/Es at 11.9 and 10.5, half the Nifty 50's
07 Oct 2026
On 6 October 2026 Nifty CPSE traded at a P/E of 11.89 and Nifty PSE at 10.52, against 19.49 for the Nifty 50. Both are 19–20% below their August 2024 highs.
Market ValuationsSectors
Nifty Energy P/E at 14.6: earnings have slipped since June
07 Oct 2026
Nifty Energy closed at a P/E of 14.61 on 6 October 2026, above its median since 2021. The index is up 4.5% this year, but its earnings have eased since June.
Market ValuationsSectorsESG indices vs the Nifty 100: ahead in 5 of 7 years
07 Oct 2026
Since July 2016 the NIFTY100 ESG has risen 11.5% a year in price to the Nifty 100's 10.6%, and beat it in five of the seven years from 2019 to 2025.
Investing Strategy
Nifty Financial Services P/E at 15.3: a six-session low
07 Oct 2026
Nifty Financial Services closed at a P/E of 15.29 on 6 October 2026. Only six sessions since March 2021 were lower, five of them in the last week.
Market ValuationsSectors
Nifty Infrastructure P/E at 22.0: book up, earnings down
07 Oct 2026
Nifty Infrastructure closed at a P/E of 22.00 on 6 October 2026, near its median since 2021, while its P/B of 2.61 was lower than on all but 73 sessions.
Market ValuationsSectors
Nifty SME Emerge rose 10.8 times; the Nifty 50, 2.2 times
07 Oct 2026
Since November 2017 the NIFTY SME EMERGE has risen 30.7% a year in price to the Nifty 50's 9.4%, with falls of 44.1% and 36.0% along the way.
Investing StrategyMarket Valuations
Nifty Media P/E at 41.4: earnings recovered, then slipped
07 Oct 2026
Nifty Media closed at a P/E of 41.37 on 6 October 2026. NSE published no P/E for it on 855 of 1,363 sessions since 2021; it has been readable since June 2025.
Market ValuationsSectors
Nifty Microcap 250 P/E at 27.3, below the Smallcap 250's
07 Oct 2026
Nifty Microcap 250 set a record close in September and is up 16.4% in 2026, yet its P/E of 27.28 is below its median and below the Smallcap 250's 34.66.
Market ValuationsNifty Private Bank P/E at 16.7: cheap on book, not earnings
07 Oct 2026
Nifty Private Bank closed at a P/E of 16.74 on 6 October 2026, below its 17.98 median, while its P/B of 1.94 was lower than on all but 9 sessions since 2021.
Market ValuationsSectors
REITs & InvITs index: 9.6% a year, yield not included
07 Oct 2026
From 12 April 2023 the Nifty REITs & InvITs index rose 9.6% a year in price against 7.3% for the Nifty 50, and its worst fall was 7.8% to the Nifty's 15.8%.
Investing StrategySectors
Nifty Shariah indices vs the Nifty 50 since 2013
07 Oct 2026
Since the end of 2012 the Nifty500 Shariah has risen 12.4% a year to the Nifty 500's 11.9%, while the Nifty50 Shariah trailed the Nifty 50, 8.9% to 10.3%.
Investing Strategy
Portfolio turnover in equity funds: a median of 51%
07 Oct 2026
The median diversified equity fund turned over 51% of its portfolio in the year to August 2026. Samco and Quant funds reached 1,533%; HDFC's median was 14%.
Portfolio HoldingsCosts & FeesThe rupee in Q3 2026: ₹94.92 to ₹95.93 a dollar
07 Oct 2026
The dollar rose 1.06% against the rupee in July to September 2026, to ₹95.93. It touched a series-high ₹96.88 on 23 July and ₹96.30 on 5 October.
Market Recap
Sensex index funds compared: returns and costs
07 Oct 2026
The 10 Sensex index funds with a year's record returned −9.68% to −10.24% to 6 October 2026. Costs run from 0.21% to 0.77%; HDFC's holds 69% of the money.
Fund ReturnsCosts & Fees