First Global PMS
PMSIME's View on First Global PMS
AMC View
FirstGlobal is an established broker since 1994, with a newer PMS entity launched in Feb 2020. Devina Mehra leads the funds, but the strategies are still building a track record over market cycles.
AMC Pedigree
First Global, an established brokerage firm since 1994, has faced unvalidated regulatory concerns in the past (SEBI 2002 order linked to Ketan Parekh and a ban on their promoter Shankar Sharma related to trades in the Brightcom group). Despite these concerns being overturned, it raises questions about potential regulatory risks. Their PMS, launched in Feb-20, is still establishing its track record across various market conditions.
Team Pedigree
Devina Mehra is an experienced investments professional with decades of experience in listed equity broking. The transition to professional fund management under their PMS is new, and her track record in managing public funds is still being established. Shankar Sharma, the co-founder of First Global, is no longer associated with the firm but remains a minority shareholder.
Investment Philosophy
We are uncertain about First Global's India PMS offerings using AI-ML. The founding team lacks data science expertise needed for developing AI-ML investment models. It is unclear how much of the investments are influenced by humans versus AI. We prefer established international investment firms for international exposure through MF FOF structures.
PMS Background
First Global is an established brokerage and investment firm that has been in existence since 1994. The firm was co-founded by Devina Mehra and Shankar Sharma, with Shankar Sharma no longer actively associated with the business apart from being a minority shareholder.
Backed by Devina Mehra’s 35+ years of experience in Indian capital markets, First Global brings deep institutional expertise from decades of operating in listed equity broking and research. While the PMS platform itself is relatively young, it is differentiated in its approach, focusing on data-driven and technology-led strategies.
PMS Investment Philosophy
First Global PMS follows a quantitative, AI–ML–driven investment approach for its Indian PMS offerings. The platform also emphasizes diversification beyond single-country and single-currency exposure through global and multi-asset investment strategies, aiming to improve portfolio resilience across market cycles.
Investment team
Devina Mehra | 3-star rated FM
FM | 40 yrs Experience | 32 yrs at current firm
Past Experience: Founder and MD (First Global), ABP & IB (Citibank)
Devina Mehra is a seasoned professional with a long 35+ years of experience in the Indian capital markets. Devina started her career at Citibank in Investment Banking and AVP - Corporate Risk. Later, she co-founded a broking business, First Global, in 1993 and continues to run the firm with other financial services like PMS, Wealth and Advisory. She was also a IIM-A gradute.
Recommended Funds
First Global Super 50
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