Mark Mobius, a prominent global investment expert from Mobius Capital Partners, who is a big advocate of the Indian equity market is optimistic about the long-term growth of the Indian stock market. He believes that the Sensex, which is an important stock market index in India, will reach a value of 1 lakh in the next five years.
Mobius points out that while US 10-year Treasury bonds currently offer a relatively safe return of 5 percent, the attractiveness of stocks has somewhat diminished. However, he remains confident in India’s long-term growth potential. He even suggests that if there were a further drop in stock prices, he would consider investing more money in India.
In recent weeks, both the Nifty and Sensex indices in India have experienced a decline of about 3.5 percent due to factors such as increased tensions in Israel, rising bond yields, and fluctuating oil prices.
Mobius looks at this fall in prices as an opportunity to generate higher yields in near future.
