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Indian equities are in an exciting phase with the benchmark indices hovering round historic highs. The surge has been on account of a combination of strong domestic as well as global cues. Even the retail investors took notice of the improving fundamentals of the economy and invested into equity market primarily through the SIP route, which is a welcome change. Nevertheless, we believe this is the time for retail investors to invest cautiously. This is primarily because markets are no longer cheap.
On most of the measurable market parameters, the market is either fairly valued or is quoting tad above fair
