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4 Things Mark Mobius Is Looking For As He Plans To Invest In India

Mark Mobius
Mark Mobius,

Mark Mobius Says His New EM Fund To Enter India In 4 Months

MUMBAI: Mark Mobius’ new fund will look at Indian assets in four months from now when it completes the stipulated six months of existence as per the Sebi law, the emerging market guru said in an exclusive interview to today.

Last month, Mobius launched the Mobius Investment TrustNSE 0.00 %, raising £100 million amid an emerging market selloff. The fund aims to generate annual returns of 12-15 per cent for investors.

Mobius, who is in India to explore regulatory issues before his new EM fund enters the Indian market, is seeking Sebi approval for his firm’s investment here.

Mobius said, sooner than later, most family businesses would have to eventually bring in professional management.

His preferences? The emerging markets guru said he would be looking at low debt and high dividend-paying businesses. He finds India’s consumer sector very attractive.

Mobius addressed the eighth edition of Morningstar investment conference in Mumbai on Tuesday.

About the Indian market, Mobius said several banking and even NBFC stocks have become very lucrative after the recent correction. He, however, insisted that the opportunity mainly lies in the private banking space.

Mobius, known for his obsession with emerging markets, had been Executive Chairman of Templeton Emerging Markets Group for 26 years till last year when he decided to step down and float his Mobius Capital Partners, a fund management firm focussed on environmental, social and corporate governance in emerging and frontier markets. Templeton Emerging Markets has £2 billion in assets.

Mobius said he looks more keenly at boards and people behind a business. He made a strong case for having women on company boards.

Mobius also talked about crude oil touching the $100 mark soon, which will create a lot of problems for India.