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.
Nifty Smallcap 250 P/E at 34.6, up from 24.3 in March
18 Jun 2026
The Nifty Smallcap 250 closed at a P/E of 34.64 on 17 June 2026, dearer than on 93% of days since 2021. Its price rose 19% while its earnings fell 17%.
Market Valuations
Active large caps vs index funds: 22 of 27 won on 5 years
17 Jun 2026
To 16 June 2026, 22 of 27 active large-cap funds beat the median Nifty 50 index fund's 9.71% a year over five years. Over ten years, 15 of 22 did.
Fund ReturnsCosts & Fees
Value and contra funds in June 2026: ahead of flexi caps
16 Jun 2026
Over five years to 15 June 2026 the median value fund returned 15.11% a year and the median flexi-cap fund 12.33%. Over one year they were level, near 1.5%.
Fund Returns
A SIP started at the January peak, six instalments on
15 Jun 2026
₹10,000 a month in a Nifty 50 index fund from the 2 January 2026 record is down 2.89% after six instalments. The same ₹60,000 as a lump sum is down 10.01%.
Fund ReturnsNifty Midcap 150 P/E at 27.8: lower than in March
12 Jun 2026
The Nifty Midcap 150 closed at a P/E of 27.81 on 11 June 2026, under March's 30.34 though the index is 6.7% higher. Its earnings rose about 16%.
Market ValuationsLarge & mid cap funds: halfway between large and mid
11 Jun 2026
The median large & mid cap fund returned 15.59% a year over 3 years to 10 June 2026, almost exactly halfway between large caps (11.35%) and mid caps (19.75%).
Fund ReturnsNifty 50 index funds: how far each trails the index
10 Jun 2026
Over three years to 9 June 2026, 18 Nifty 50 index funds returned 7.86% to 8.79% a year, against an estimated 9.18% for the index. The gap, fund by fund.
Costs & FeesFund Returns
Nifty Metal P/E at 19.2, as earnings keep pace with price
09 Jun 2026
Nifty Metal closed at a P/E of 19.19 on 8 June 2026, at its median since 2021, after a 37% rise in a year. Earnings rose as fast, but its P/B is near its high.
Market ValuationsSectors
Banking and PSU debt funds returned 4.06% in a year
08 Jun 2026
The median banking and PSU debt fund returned 4.06% in the year to 5 June 2026, liquid funds 6.20%. Over three years the two medians are level, at 6.96%.
Debt & Hybrid Funds
New mutual funds in May 2026: five index funds
05 Jun 2026
Only 5 new schemes published a first NAV in May 2026, all index funds: the fewest in any month since at least January 2024. The year now trails 2025, 74 to 81.
Fund Industry
Nifty 50 P/E at 20.21: price down, earnings up in May
05 Jun 2026
The Nifty 50 closed at a P/E of 20.21 on 4 June 2026. Since early May the index fell 3.8% while the earnings behind it rose 1.0%, pulling the ratio down.
Market Valuations
Equity fund scorecard, May 2026: mid caps up, large down
04 Jun 2026
In May 2026 all 33 mid-cap funds rose while 31 of 35 large-cap funds fell. The median equity fund gained 0.64%. Medians by category, NAVs to 29 May.
Fund Returns
Nifty 50 stocks in May 2026, and the year so far
03 Jun 2026
Adani Enterprises led the current Nifty 50 in May 2026 (+22.0%) and the year (+31.2%); ONGC fell 11.4% in May and TCS 29.6% this year. The tables.
SectorsMarket Recap
FII vs DII in May 2026: one session moved the month
02 Jun 2026
FIIs sold a net ₹55,964 crore in May 2026, ₹21,106 crore of it on 29 May alone, the largest day in our record. DIIs bought ₹82,669 crore.
FII & DII Flows
Gold flat for a third month, silver up 4% in May 2026
02 Jun 2026
Gold ended May 2026 at ₹1,40,829 per 10 grams, ₹5 above April's close, its third flat month. Silver rose 4.1% despite a 13% two-day fall mid-month.
Gold & SilverMay 2026 in numbers: a pause, and a mid-cap record
01 Jun 2026
The Nifty 50 fell 1.9% in May 2026 while the Midcap 150 rose 2.6% and set a record close. FIIs sold ₹55,964 crore; the rupee hit a new low. The month.
Market Recap
Fund volatility by category: three years of swings
29 May 2026
To 27 May 2026, median 3-year volatility ran from 13.07% a year for large-cap funds to 16.49% for small caps; their worst falls from 16.44% to 24.12%.
Fund ReturnsInternational fund returns in May 2026: the rupee's part
28 May 2026
The median overseas equity fund-of-funds returned 44.27% in the year to 27 May 2026. The dollar's 12.62% rise against the rupee supplied about 16 points of it.
Fund Returns
Nifty Realty P/E at 34.3: low on earnings, not on book
27 May 2026
Nifty Realty closed at a P/E of 34.30 on 26 May 2026, below all but 28 sessions since 2022, while its P/B sits mid-range. The index is 32% below its 2024 peak.
Market ValuationsSectorsCredit risk funds returned 6.50%, but read the jumps
25 May 2026
The median credit risk fund returned 6.50% in the year to 22 May 2026, against 3.48% for corporate bond funds. Four of 12 got a lift from one-day NAV jumps.
Debt & Hybrid Funds