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Mark Mobius sees Sensex at 1 Lakh by end of year, bets 50% fresh investments on India

Money Control · 2m

- Indian real estate and commodities are bullish bets according to Mark Mobius. - Mobius believes that the ongoing rally in Chinese equities is positive for Indian stocks and predicts the Sensex to touch the one lakh mark by the end of the year. - Xi Jinping's willingness to help small businesses in China may signal the emergence of a new bull market, which would benefit India and other Asian economies. - Mobius advises foreign funds to allocate at least 50% of their fresh money for emerging markets to India, 25% to China and Taiwan, and 25% to Vietnam, Turkey, Brazil, South Korea, and Thailand. - Mobius sees potential in India's real estate sector, particularly in housing demand from middle and lower-income pockets. He also highlights the metals, automotive, infrastructure, pharma, and financial sectors as sectors to watch. - Mobius remains positive on India Inc's earnings potential and suggests diversification by holding gold as a small portion of the portfolio. However, he advises caution when it comes to investing in IPOs unless one is certain about the business.