"Believe it or not" — Veteran EM fund manager Mark Mobius is betting on India's troubled NBFCs
Updated : October 24, 2018 06:06 AM IST
Mobius, who quit as head of Franklin Templeton's emerging market funds in January, has started his own London-based Mobius Capital Partners that aims to pick up direct equity stakes in companies instead of buying exchange-traded funds to generate higher returns.
The fund, which has $160 million of assets under management so far since May, plans to invest $30 million to $40 million in India, said Mobius, 81, who has bet heavily on Indian assets in the past.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more