Mark Mobius is bullish on Indian economy and thinks growth rate will surpass China sustainably if the reforms continue to kick in. He also finds Indian equity markets attractive after the recent correction and appreciated government’s move to impose long term capital gains tax.
He said that valuations are stretched globally and markets are at a high point but if the earnings keep up, stretched valuation could continue. He also said that bull market lasts longer than the bear market. He is bullish on the consumer space and underweight on telecom companies in India.
Dr. Mark Mobius
The open ended and long only fund will be based out of Luxembourg and London and will invest in emerging and frontier market companies focused on environmental, social and governance issues.
Equanimity,Category-1 AIF, is the only fund in India which has been associated with Mobius since his retirement from Franklin Templeton Investments.
Equanimity is a sector agnostic fund that invests in early stage companies, which use technology as their backbone, ensuring scalability and sustainability of their business models. Equanimity invests in start-ups, emerging or early stage venture capital undertakings mainly involved in new products, new services, technologies, intellectual property rights based activities or companies that are pursuing innovative business models. The fund horizon will span 7 years, extendable by 2 years.