Nifty Midcap and Nifty Small cap are at their Mean PE
Unless you have The idea that There is over earnings in the co. And their earnings will go down
I dont think they are over valued
You are paying for growth and you are also getting the Growth
Q3 GDP is above 8%
Find me a economy where growth rates are 6%+ (Not at covid base but at real base)
There has to be some bubbles but
See the Median Valuation and Understand Cycle of Industry to answer Weather there is a component of Higher earnings if not valuation might not detoriate
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