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"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.

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