Nifty Returns 

1. 1 Year : 8%
2. 3 Year : 35%, CAGR : 11
3. 5 Year : 90%, CAGR : 14
4. 10 Year : 162%, CAGR : 10 

It can be safely said that Index is hovering around long term averages, P/E @ 21 is also looking fine. Not much downside is left as far as index is concerned.
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