Indian benchmarks have rallied to record highs and have been among the top performers globally thus far in the calendar year 2018 (CY18). MARK MOBIUS, co-founder, Mobius Capital Partners tells Puneet Wadhwa that going ahead, investors should concentrate more on ‘value’ rather than momentum; and on the good small-and medium-sized companies rather than the large-caps. Edited excerpts:
The Reserve Bank of India (RBI) has hiked key rates last week. You had a different view. What policy action do you expect from the Indian and the US central banks over the next six – 12 months?
The US Federal Reserve (US