Indian markets can rise another 10%; focus on mid, small-caps: Mark Mobius

Mark Mobius says that going ahead, investors should concentrate more on 'value' rather than momentum

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