India top market for me, but regulatory red tape holding it back: Mark Mobius

Mark Mobius calls India his "top market" despite Indo-Pak tensions, citing strong fundamentals.

Warns that red tape is delaying foreign investor access; his fund faced months-long paperwork issues.

Says market timing is futile; urges investors to focus on fundamentals, not headlines.

Mobius’s fund recently cut its cash holding from 95% to 60% as new opportunities emerged.

Highlights mid-caps as a key focus area; expects markets to remain volatile short term.