𝗡𝗶𝗳𝘁𝘆 𝗮𝘁 𝟭𝟴𝘅 𝗙𝘄𝗱 𝗣𝗘: 𝗗𝗼𝗻’𝘁 𝗠𝗶𝘀𝘀 𝗧𝗵𝗶𝘀!! Nifty50 is trading at an FPE of 18x. > 5-Year Median Nifty PE: 22.4 > Lowest recorded PE in the last 5 years: 18.9 > Current Nifty PE: 20 > One-year Forward PE: 18.1 𝗡𝗼𝘄, 𝗹𝗲𝘁'𝘀 𝗹𝗼𝗼𝗸 𝗮𝘁 𝘀𝗼𝗺𝗲 𝗺𝗼𝗿𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗱𝗮𝘁𝗮. Everyone speaks about the PE of Eternal, which is trading at 620x. Eternal has a weightage of 1.14% in Nifty50. I calculated that the ex-Eternal PE of Nifty is ~19.78. 𝗙𝗶𝗻𝗮𝗹𝗹𝘆, 𝗟𝗲𝘁’𝘀 𝗧𝗮𝗸𝗲 𝟭𝟬 𝗬𝗲𝗮𝗿𝘀 𝗼𝗳 𝗗𝗮𝘁𝗮. > 10-year Median PE: 23.4 > The lowest recorded PE of Nifty in the last 10 years was during the COVID period. > Everyone is aware of the jump and the bull market the market saw after that. I don't know what your opinion is, but one should not leave the equity market as of now. 👉 Have patience. You will surely get good results. :::

𝗧𝗵𝗲 𝗪𝗼𝗿𝗹𝗱 𝗜𝘀 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴: 𝗜𝗻𝗱𝗶𝗮 𝗦𝗹𝗶𝗽𝗽𝗲𝗱, 𝗨𝗦 & 𝗔𝘀𝗶𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝘂𝗿𝗴𝗲𝗱 The market cap of US stocks is larger than the combined market cap of the next nine countries. Take a look (Market Cap, May 2026) 🇺🇸 USA — $75.65 Trillion 🇨🇳 China — $15.21 Trillion 🇯🇵 Japan — $8.67 Trillion 🇭🇰 Hong Kong — $7.20 Trillion 🇮🇳 India — $4.91 Trillion 🇰🇷 South Korea — $4.89 Trillion 🇹🇼 Taiwan — $4.64 Trillion 🇨🇦 Canada — $4.54 Trillion 🇬🇧 UK — $3.96 Trillion 🇩🇪 Germany — $3.11 Trillion But here is the twist: India's equity market has corrected nearly 13% from its September 2024 peak. Meanwhile, Hong Kong and other asian markets are shining ahead of India in market capitalization. Sep 2024: 🇮🇳 India = $5.66T 🇭🇰 Hong Kong = $4.60T May 2026: 🇮🇳 India = $4.91T 🇭🇰 Hong Kong = $7.20T That means: 📉 India Market Cap Change: -13.3% 📈 Hong Kong Market Cap Change: 56.5% So the question is: 🤔 𝗪𝗵𝗲𝗿𝗲 𝗮𝗻𝗱 𝘄𝗵𝘆 𝗶𝘀 𝗜𝗻𝗱𝗶𝗮 𝗹𝗮𝗴𝗴𝗶𝗻𝗴? 🔹Value reset after extreme optimism? 🔹FII outflows & global capital rotation? 🔹Earnings growth fading away It reflects one market never attracts continuous flows. 𝙈𝙤𝙣𝙚𝙮 𝙍𝙤𝙩𝙖𝙩𝙚𝙨 𝙂𝙡𝙤𝙗𝙖𝙡𝙡𝙮. 🌍 Correct or Not? 👀

As your portfolio grows, reduce your risk exposure. Risk Management > Chasing Returns

“1/4𝘁𝗵 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗚𝗗𝗣” 🇮🇳 This is the net worth of Elon Musk.

🚨 𝗧𝗵𝗶𝘀 𝗜𝘀𝗻'𝘁 𝗮 𝗦𝘁𝗼𝗰𝗸. 𝗜𝘁'𝘀 𝗮𝗻 𝟴𝘅 𝗜𝗻𝗱𝗲𝘅 𝗦𝗶𝗻𝗰𝗲 𝗖𝗼𝘃𝗶𝗱'𝘀 𝗣𝗮𝗻𝗶𝗰 𝗟𝗼𝘄𝘀. 📈🚀 I also got confused by assuming this as a company's Chart. 𝗧𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗕𝗦𝗘 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗼𝗼𝗱𝘀 𝗜𝗻𝗱𝗲𝘅. The BSE Capital Goods Index itself became 8x from its Covid lows of April 2020. Top Two Weightages: 🔹 BEL is 10.8% 🔹 HAL is 10.16% The top two companies have a combined weightage of 21%. 👉 BEL delivered a 20x return from its Covid lows. 👉 HAL delivered a 22x return at its peak in 2024 from the same Covid lows. What I want to refer to here is not how stocks performed, but that sometimes a good selection of an index, by analysing its constituents, makes a big difference. Disc: 𝘛𝘩𝘦 𝘮𝘦𝘯𝘵𝘪𝘰𝘯𝘦𝘥 𝘯𝘢𝘮𝘦𝘴 𝘢𝘳𝘦 𝘰𝘯𝘭𝘺 𝘧𝘰𝘳 𝘳𝘦𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩-𝘣𝘢𝘴𝘦𝘥 𝘴𝘵𝘶𝘥𝘺 𝘣𝘺 𝘰𝘶𝘳 𝘵𝘦𝘢𝘮, 𝘯𝘰𝘵 𝘢𝘯𝘺 𝘬𝘪𝘯𝘥 𝘰𝘧 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘋𝘠𝘖𝘙 𝘰𝘳 𝘵𝘢𝘬𝘦 𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦 𝘧𝘳𝘰𝘮 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘦𝘯𝘵𝘪𝘵𝘪𝘦𝘴.

🚨 𝗧𝗵𝗶𝘀 𝗜𝘀 𝗡𝗼𝘁 𝘁𝗵𝗲 𝗙𝗶𝗿𝘀𝘁 𝗧𝗶𝗺𝗲 𝗳𝗼𝗿 𝗦𝗮𝘂𝗿𝗮𝗯 𝗠𝘂𝗸𝗵𝗲𝗿𝗷𝗲𝗮. People are saying that Saurabh Mukherjea is now entering global funds. 𝗡𝗼. ❌ Saurabh Mukherjea’s Marcellus was already running the Global Compounders Portfolio. It generated a 27.3% CAGR during its first three years. Now, people are saying he was: 🔹Bullish on large-cap blue chips. 🔹Last year, it was gold. 🔹And now, it’s global investing. Meanwhile, the AUM of his PMS has declined from ₹12,500 crore to ₹2,500 crore. His Multicap and Flexicap PMS have delivered a 13% CAGR over the last three years.

🚨 𝗡𝗶𝗳𝘁𝘆 𝗜𝗧 𝗮𝘁 𝗮 𝟯𝟮% 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁: 𝗗𝗶𝗱 𝗬𝗼𝘂 𝗡𝗼𝘁𝗶𝗰𝗲? 👀 Nifty50 vs Nifty IT Index Five-Year Returns: 🔹Nifty50: 50% 🔸Nifty IT: -1.5% PE Comparison: Current || 5-Year Median 🔸Nifty IT: 18.8 || 27.6 🔹Nifty50: 20.4 || 22.2 💡 The PE multiple of the IT Index is still available at a 31.9% discount to its median level. Nifty50 is also trading at an 8% discount to its 5-year median PE. Historically, we have seen such valuations provide a better margin of safety. 👉 Extreme pessimism brings the best opportunities for value investors. One who knows, he knows. 😉

Who is CA for advising on Retirement Planning? Our society is more aware of CAs than CFPs & CFAs.

A similar condition is projected to Mutual Funds by Merchant Bankers.

Nifty 50's Forward PE is now at a 5-year low, if we exclude the COVID panic phase.

The Dhandho Investor by Mohnish Pabrai

𝗩𝗲𝗿𝘆 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝘀𝗹𝗶𝗱𝗲 𝗳𝗿𝗼𝗺 𝗪𝗵𝗶𝘁𝗲𝗢𝗮𝗸 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗙'𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲. From 2021 to 2026: 🔹Sensex TRI grew at a CAGR of 10.8% 🔹Sensex Companies' EPS grew at a CAGR of 14.9% Earnings grew much faster than stock prices. 🔹EPS doubled from ₹1805 to ₹3534 (96% growth). 🔹Sensex TRI (including dividends) rose only 67%. Now look at P/E: May 2021: 28.8x May 2026: 21.2x 𝙐𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙 𝙞𝙩 𝙬𝙞𝙩𝙝 𝙖 𝙨𝙞𝙢𝙥𝙡𝙚 𝙚𝙭𝙖𝙢𝙥𝙡𝙚: In 2021: The company earns ₹100 Market pays 29x Stock Price = ₹2900 In 2026: The company earns ₹196 Market pays 21x Stock Price = ₹4116 So, business earnings nearly doubled. Yet valuation fell sharply. 𝗦𝗼, 𝘄𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗰𝗮𝘁𝗰𝗵 𝗵𝗲𝗿𝗲? 💡 2021 was a year when India, including the workplace, woke from a long phase of COVID restrictions, and capacity utilisation was at its peak. So, Indian companies saw a strong EPS expansion after that. 🚨 Don't you think the current measures taken by the RBI and SEBI will again show similar magic in the coming days?

21 years. A different market led the world almost every year. China. Taiwan. The US. Japan. No leader held the top for long. Nobody picks the winner in advance. So DSP Global Equity Fund (GIFT City) picks differently. No country bias. No sector bias. Valuations decide. @dspmf @KalpenParekh @ManishRathiDSP @kunjumon_mathew

𝗡𝗶𝗳𝘁𝘆 𝗮𝘁 𝟭𝟴𝘅 𝗙𝘄𝗱 𝗣𝗘: 𝗗𝗼𝗻’𝘁 𝗠𝗶𝘀𝘀 𝗧𝗵𝗶𝘀!! Nifty50 is trading at an FPE of 18x. > 5-Year Median Nifty PE: 22.4 > Lowest recorded PE in the last 5 years: 18.9 > Current Nifty PE: 20 > One-year Forward PE: 18.1 𝗡𝗼𝘄, 𝗹𝗲𝘁'𝘀 𝗹𝗼𝗼𝗸 𝗮𝘁 𝘀𝗼𝗺𝗲 𝗺𝗼𝗿𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗱𝗮𝘁𝗮. Everyone speaks about the PE of Eternal, which is trading at 620x. Eternal has a weightage of 1.14% in Nifty50. I calculated that the ex-Eternal PE of Nifty is ~19.78. 𝗙𝗶𝗻𝗮𝗹𝗹𝘆, 𝗟𝗲𝘁’𝘀 𝗧𝗮𝗸𝗲 𝟭𝟬 𝗬𝗲𝗮𝗿𝘀 𝗼𝗳 𝗗𝗮𝘁𝗮. > 10-year Median PE: 23.4 > The lowest recorded PE of Nifty in the last 10 years was during the COVID period. > Everyone is aware of the jump and the bull market the market saw after that. I don't know what your opinion is, but one should not leave the equity market as of now. 👉 Have patience. You will surely get good results. :::

I am blessed with such a nice community and followers on @X 😇