Mark Mobius of Mobius Capital Partners said India has been his preferred market recently and even though he can't ignore China because of its market size, his preference now is for India.
"We are constantly looking at China. It is a big market and cannot be ignored but our preference has been for India recently because of the incredible change that is taking place in the country and the path on which the country is embarked," Mobius said in an interview with ET Now.
Mobius said that the Indian bull market may extend to the next 2-3 years.
"We are not in a euphoric mood yet that is for sure and there is still room to go. if you look at the timing, it has been about two years now that we are in a bull market. Usually, the bull markets last for at least three years," said Mobius.
"The good news is that when the crash comes, it will be very sudden and it will not last very long not more than half a year and then the new bull market begins. Those people that are able to get at the bottom can make a lot of money," he added.
Mobius also said he did not think investing in indices in India is a good idea since he looks at the environmental, social, governance (ESG) and also cultural standards of companies.
"We look at the environmental, social, governance (ESG) and also cultural standards of companies. So it is not a good idea to invest in indices. We are better off being an active investor, looking at companies individually and making decisions on that basis," said Mobius in ET Now interview.
Mobius highlighted that technological revolution is the reality of the time and companies, be it mining, consumer goods, or software firms, that are not adapting to the technological advancements will be in trouble.
"With 5G, faster chips and all kinds of improvements in software, the technological revolution is right on top of us. Those companies that are not able to adopt new technologies to improve performance and profitability are going to be in trouble," said Mobius.
Disclaimer: The above report has been compiled from an ET Now interview published at economictimes.com. Mint Genie does not claim its exclusivity.