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MFs cut equity’s share in balanced advantage funds

August 24, 2020 Business, Market, Markets-Economic Times

After touching a four-year low of Rs 7,511 on March 23, the Nifty has rallied over 50 per cent. This has caused the price to earnings (PE) ratio — a widely-watched valuation measure — of the Nifty to cross 32 times on Friday. India is the most expensive emerging market.

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