Blog
What the numbers said — foreign and domestic flows, index valuations, gold and silver — written from the same data the rest of this site shows, with the date on every figure.
Large-cap funds since March: same funds, new numbers
16 Jul 2026
The median large-cap fund's one-year return fell from 10.47% in March to −0.54% by 15 July 2026, though its NAV rose 2.04%. What changed and what didn't.
Fund Returns
SIFs in the first half of 2026: six of seven gained
15 Jul 2026
Six of the seven SIFs that ran through the first half of 2026 gained while the Nifty 50 fell 8.7%. Fourteen strategies launched from mid-April, for 28 in all.
Fund IndustryFund Returns
Nifty dividend yield at 1.23% as payouts shrink
14 Jul 2026
The Nifty 50 yielded 1.23% on 13 July 2026, below its 1.30% median since 1999. Dividend Opportunities 50 yields less than on 97% of days since 2012.
Market Valuations
Small-cap funds in July 2026: up 25% from the March low
10 Jul 2026
By 9 July 2026 the median small-cap fund had risen 25.53% from its March low, and 23 of 34 stood above their pre-March peaks. The index is still 4% short.
Fund Returns
Sharpe ratios: which equity funds paid best for risk
09 Jul 2026
To 8 July 2026, the median diversified equity fund had a 3-year Sharpe ratio of 0.57. Bandhan Small Cap led at 1.22; mid caps led the categories at 0.81.
Fund Returns
FII and DII flows in the first half of 2026
08 Jul 2026
FIIs sold a net ₹3,45,744 crore of Indian shares from January to June 2026, 2.8 times the first half of 2025. DIIs bought ₹4,70,137 crore.
FII & DII FlowsNew mutual funds in June 2026, and the first half
07 Jul 2026
5 new schemes published a first NAV in June 2026, taking the first half to 79, down from 97 in January–June 2025. Index fund launches fell most, from 43 to 27.
Fund Industry
Nifty 50 P/E at 21.06 to start the second half
07 Jul 2026
The Nifty 50 closed at a P/E of 21.06 on 6 July 2026, up from 20.21 in early June as the index rose 4.3%. In the first half, earnings rose just 1%.
Market Valuations
Equity fund scorecard, June 2026: a flat first half
06 Jul 2026
The median equity fund ended the first half of 2026 down 0.14%, but small caps were up 10.32% and large caps down 4.84%. June, first-half and 1-5 year medians.
Fund Returns
Nifty 50 stocks in the first half of 2026: IT at the bottom
03 Jul 2026
In January–June 2026, 24 of 49 current Nifty 50 stocks rose. Adani Enterprises led (+35.6%); all five IT stocks fell over 11%, Infosys 38.1%. The table.
SectorsMarket Recap
FII vs DII in June 2026: heavy start, quiet finish
02 Jul 2026
FIIs sold a net ₹49,029 crore in June 2026, 84% of it in the first seven sessions. DIIs bought ₹85,800 crore and the Nifty 50 rose 1.35%.
FII & DII Flows
Gold fell 12.9% and silver 22.4% in June 2026
02 Jul 2026
June 2026 was the worst month in our series for gold (−12.9%) and silver (−22.4%). Over the first half of 2026, gold lost 1.8% and silver 10.5%.
Gold & Silver
First half of 2026 in numbers: the fall and the climb
01 Jul 2026
The Nifty 50 fell 8.7% in January–June 2026 while the Smallcap 250 rose 6.2% and Nifty IT lost 30.6%. FIIs sold ₹3.46 lakh crore. June and the half-year.
Market Recap
The cheapest and dearest NSE indices at mid-2026
30 Jun 2026
On 29 June 2026, 40 of 60 NSE indices sat below their own median P/E since 2021, against 20 at the end of 2025. IT was 34% below its median, Pharma 15% above.
Market ValuationsSectors
Gold falls to its lowest since December 2025
29 Jun 2026
Gold closed at ₹1,22,112 per 10 grams on 24 June 2026, its lowest since 10 December 2025 and 22.4% below its January peak. June is down 12.1% so far.
Gold & Silver
Aggressive hybrid funds made 1.44% as large caps lost 1.11%
26 Jun 2026
In the year to 25 June 2026 the median aggressive hybrid fund returned 1.44%, the median large cap fund −1.11%. Hybrids fell less, rebounded nearly as far.
Debt & Hybrid FundsFund Returns
Nifty Energy P/E at 14.9; Oil & Gas near a five-year low
25 Jun 2026
Nifty Energy closed at a P/E of 14.86 on 24 June 2026, above its median since 2021. Nifty Oil & Gas, at 8.82, was below all but 174 sessions. Why they split.
Market ValuationsSectorsThe ten biggest FII selling days of 2026 so far
24 Jun 2026
FIIs sold ₹1,07,745 crore on their ten heaviest days of 2026, nearly a third of the year's net sales. DIIs bought ₹1,07,354 crore on the same days.
FII & DII FlowsSilver is 41% below its January 2026 peak
23 Jun 2026
Silver closed at ₹1,98,730 per kg on 22 June 2026, 41.3% below its January peak of ₹3,38,545, the deepest fall in our series, which starts in 2021.
Gold & Silver
Pharma and healthcare funds in June 2026: up 10% this year
19 Jun 2026
On 18 June 2026 the median healthcare fund was up 10.03% for 2026 while the Nifty 50 was down 7.57%. Returns over 1, 3 and 5 years against the Nifty Pharma.
SectorsFund Returns