First Global PMS

PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a recommended AMC: While Devina Mehra is a seasoned professional (Shankar Sharma is no longer associated with First Global), the AMC is yet to establish its track record across market conditions with their differentiated strategy under the PMS licence. First Global was also linked to the Ketan Parekh scam and subsequently a SEBI ban for fictitious trading. We are currently cautious about recommending First Global.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

PMS Background

Discretionary AUM (284cr) | Promoter Category ()

PMS Background

First Global PMS is founded by its highly seasoned team of Shankar Sharma & Devina Mehra (known to have created the highly successful First Global group, prior to its implications in the Ketan Parekh scam).

PMS Investment Philosophy

First Global PMS follows an AI & Machine learning approach for their Indian PMS offerings, and also have global investment options as a means to diversify from single-country, single-currency risk.

Inv Team

Investment Team

Shankar Sharma | 4-star rated FM

Jt Managing Director | 34 yrs Experience | 34 yrs at current firm

Shankar Sharma has a rich, though chequered experience in the Indian equities market. While he is well respected for his equity skills, First Global’s involvement in the Ketan Parekh scam has dented his image.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Returns as of 28-Feb-24.

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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.