i have looked in nifty chart monthly from keystock software and nifty levels were 5900 approx ( highest value in that year . )
i have also looked at the following link
http://www.nseindia.com/products/content/equities/indices/historical_pepb.htm
and compared pe for calender year 2012 and of 2015(ytd ) and pe for the year 2012 were from 16-18.6 and from 2015 (ytd) has been broadly in range of 20.7 -23 . and clearly nifty has given good returns till date .
i clearly believe that investing thru pe way only thru sip is a better way for mutual funds (nifty bees ) .
any can tell me a better way ?
clearly this is investments and so no leverage ( loan or margin whatever one may use ) is not the way to go .
to hold or add on position is one's call . i clearly will do sip ( in an indexed fund ) when nifty pe falls in 16 range and below .
with warms regards
sumit