Indian bull market will see newer highs with corrections along the way, says Mark Mobius

Global investment guru Mark Mobius on Thursday said Indian bull market will see newer highs with corrections along the way.

In an interview to CNBC-TV18, Mobius said India has the heaviest weightage in their portfolios, "We like the companies we have invested in, but the market has performed very well. I don’t see us adding necessarily, but certainly not subtracting. So, we want to hold what we have in India."

Within sectors, he said software, medical testing, hospitals and infrastructure are their top sectors in India.

Mobius, who is the founder of Mobius Capital, said many central banks are thinking about creating their own cryptocurrencies and that means more devaluation of currencies as we go forward.