Conservative investors can tap Hybrid MFs
ICICI Prudential MF data show the Nifty 50 representing largecaps trades at a PE of 23, slightly lower than its five-year average of 24.4. However, the BSE Midcap PE and the BSE Smallcap 250 trades at a rolling five-year average PE of 43.1 and 43.2, sharply higher than their five-year average PEs of 33.8 and…