Some investment experts believe the markets are currently overvalued. They are asking their clients to book profits and shift the money to debt immediately.
"I consider a Nifty PE of around 16 as a fair average. But, at the moment it is around 22," says Abhishek Gupta, founder and chief financial planner, Moat Wealth Advisors. Nifty Price Earning Ratio (P/E ratio) measures the average PE ratio of the companies in the index. A Nifty P/E ratio of 22 means that nifty is trading at 22 times of its earnings.
