Here is PE base comon of mutual fund schems as on 20th sep 2009
Hope it will help you in decesion making.
The other factor you can consider is fund house/fund manager stability, corpus, consistancy of performance & sharpe ratio etc
At present Mid cap fund looks attrective due to attrective valuation. our recomendation are idfc premier equity, principal emerging blue chip, and for large cap hdfc top 200 and dsp br top 100 equity.
If find any help on Mutual Fund scheme and Insurance contact me at info@kbcfinancialservices.com.
Inder Jeet Khanna
AMFI/IRDA certified advisor
Associate Financial Planner