I received an email from Nippon India advertising their NIFTY 250 Small Cap ETF. I looked at https://www.moneycontrol.com/indian-indices/nifty-smallcap-250-114.html and saw its performance since 2019. It went up over 4x since March 2020 lows.
This is a good fund to enter when one can tell that the market is depressed and has a p/e ratio of around 12. Currently the NIFTY Small Cap 250 index has a p/e ratio of 30. It is safe to enter the banking and financial services mutual funds which has a p/e ratio of around 16 but the Small Cap 250 mutual fund entries are at risk of a major fall from their current highs.
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