FIRST GLOBAL, WHICH has grown to become one of India's leading PMS companies with $600 million (over 5,000 crore) of managed assets, both in India and abroad, has delivered over 187% returns to investors as of February 2024 from its India PMS since March 2020, its first full month of operation. The benchmark Nifty 50 has given 105% over the same period. Devina Mehra, Founder, Chairperson & MD of First Global, says it has always been about delivering results, not stories, for those who trust her with their money. In an interaction with Business Today, Mehra, 59, talks about her company's investment strategies, the use of data and technology to boost investing skills, and the way forward for the industry. Edited excerpts:
As we begin FY25, where are you advising HNIs to invest their fresh funds?
Every investor must look at asset allocation, which determines most of their gains. I never say one must have 100% exposure to equity, even for young investors. Just as in Google Maps, you not only have to put the destination, but [also] the starting point. So, the first thing to find out is: What is your current asset allocation? This is the key, not just for retail but even for family offices or large investors. Equity, fixed income, gold, real estate, and even geographical allocations-all have to be considered before deciding where one must invest next.
Will mid-caps and smallcaps underperform large-cap stocks in FY25?
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
