Bandhan Core Equity Fund delivered a 20%+ CAGR over the mentioned periods, with 22.74% in the last three years and 20.06% in the last five years. Edelweiss Mid Cap Fund also achieved over 20% CAGR in both timeframes.
Key Market Trends to Watch: Punita Kumar Sinha on trade wars, rates & global shifts
So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet