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First Global Super 50

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.

IME Strategy Rating

Highly Diversified Muticap Strategy: India Super 50 seeks to achieve steady, low-volatility returns by investing across sectors. A curated list of the best stocks (usually around 50) in the Indian market at any given point in time, based on First Global’s proprietary Investment Criteria. This approach is best suited for data scientist which the founding team are not. We also prefer going with more established international investment firms (easily accessible via MF FOF structures), as compared to First Global.’

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on First Global Super 50

Type: Flexi Cap | GARP | AUM (407.6 cr) | Inc Date (18 Feb 2020)

First Global The India Super 50

First Global The India Super 50 is a multi-cap strategy. Employ AI, and ML to identify trends in financial data to narrow down a final list of stocks and asset classes, to invest in.

Trailing Performance

1yr 3yr 5yr Since Inception
First Global Super 50 32.2 16.9 25.8
S&P BSE 500 TRI 34.7 18 20.5
Alpha over Broad Mkt BM -2.5 -1.1 5.3
Nifty 500 33.8 16.9
Alpha over Category BM -1.6 0

Performance as of: 31-May-24 | Inception Date: 18-Feb-20

Fund Managers

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.

Fee Structure

Fee StructureFee
Fixed Fee Structure
Variable Fee Structures2% fixed + 10% above 14% hurdle
Exit Fees

AMC

AMC: First Global PMS (click link for detailed AMC review)

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.

First Global PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.