PMS · Equity · Multi Asset
First Global - Indian Multi Asset Allocation
Fund size₹24 Cr
Alpha (3Y)−5.83%
3Y return8.88%
Fund age6 yrs 6 mo
Fund Managers
Devina Mehra
Devina Mehra
Founder, Chairperson & Managing Director, First Global Finance
Ms. Devina Mehra is one of the most respected and credible names in the world of investing and research across the world with experience of 30+ years.After setting up India's leading securities & research firm in the '90s, she spearheaded the company's global foray 1999-2000 onwards making First Global the first Asian (ex-Japan) member of the London Stock Exchange & the NASD, going on to set up a truly global research team covering stocks across the Americas, Europe and Asia. She has been quoted extensively not just in the Indian media but also across the world in publications such as The Wall Street Journal, Financial Times, Forbes, Barron's, Business Week etc. She has called out major market turning points time and time again and was an early investor in HDFC Bank, Amazon, Apple, etc. She has an MBA from the storied IIM, Ahmedabad where she was a Gold Medalist and a Graduate Degree in Mathematics, Statistics & English from Lucknow University where she won eight Gold Medals.
Managing AUM₹207 Cr
Kavita Thomas
Kavita Thomas
Vice President, Research, First Global Finance
Ms. Kavita Thomas has more than 20 years of experience in Equity Research - all at First Global She has been part of the initial team at FG that conceived and set up a comprehensive global research product 2 decades ago. She started off as a Pharmaceuticals & Biotech analyst winning awards for the same. Since 2013, she has spearheaded the entire fundamental research and fund management team at First Global leading an enthusiastic team of analysts. Research written by her has been featured extensively in the global media including publications like Wall Street Journal, CBS Marketwatch, Business Week, Barron's etc. She has a Bachelor's in Pharmaceuticals as well as an MBA from Mumbai University where she topped the course in all the semesters.
Managing AUM₹207 Cr
Alok Kumar
Alok Kumar
Fund Manager, First Global Finance
"Mr. Alok Kumar has more than 18 years of experience in analyzing India and Global Capital Markets at First Global. He has played an instrumental role in the development of First Global’s ExoTech systems like Agreement in Motion (AIM) ™ and Weight Watcher (WW) ™ and has run these systems since inception. He has an MBA in Finance from Pune University and a CTM from ICFAI, Hyderabad. "
Managing AUM₹199 Cr
Neeraj Khanna
Neeraj Khanna
Director, First Global Finance
A Chartered Accountant by profession for the last 33 years, having extensive knowledge and experience in diverse areas, including in the Securities Market, Corporate Finance and Restructuring, Mergers and Acquisitions, Investment Banking, Corporate Management, Corporate Taxation, Financial Engineering and Consultancy.He has been instrumental in channeling Indian Investments abroad as early as in 1999, when Indian investment abroad was an exception. During his tenure as a Director and Group CFO of the First Global Group for the last 22 years, he has established and/or managed multiple lines of businesses including Institutional and Retail broking, Investment Banking, India and Global Portfolio Management Services and Global Funds for sophisticated investors. He has extensive experience in promoting new business ventures and companies in India as well as abroad. He has exhaustive knowledge of various laws including Indian and Global Securities Laws, Direct Tax Laws, Indirect Tax Laws, Corporate Laws etc. As the Director and Group CFO of the First Global Group, he has gained extensive experience in the National as well as International Regulatory framework relating to the securities markets and the laws and procedures laid down by the National and International regulators like the Securities and Exchange Board of India (SEBI), Securities Exchange Commission (SEC) of U.S.A, Financial Service Authority (FSA) of U.K., Cayman Island Monetary Authority (CIMA) to name a few.
Managing AUM₹207 Cr
Achin Agarwal
Achin Agarwal
Fund Manager, First Global Finance
"Mr. Achin Agarwal heads the Quantitative Research, Artificial Intelligence & Machine Learning unit, leading a team of highly qualified mathematicians and engineers. With research interests ranging from varied investment styles to modern artificial intelligence methods, to statistically significant adaptive ensembles, he has built scalable quantitative models that invest across a wide range of asset classes and in multiple geographies and has successfully managed global funds over a decade. He has been extensively involved in research in various fields of mathematics and artificial intelligence, including deep learning, natural language processing, genetic algorithms, distributed computing, and their applications in asset management. He has an MBA from IIM, Bangalore where he was featured in the Director’s Merit List and a B.Tech. in Computer Science and Engineering from IIT, Kharagpur where he stood in the top percentile of the graduating class."
Managing AUM₹199 Cr
Growth of₹Cr
First Global Indian Multi Asset Allocation
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
First Global Indian Multi Asset Allocation0.29%7.71%0.27%8.88%8.76%13.52%
Nifty 500−1.02%7.54%5.00%11.26%9.72%11.60%
Excess over benchmark1.31%0.17%−4.73%−2.38%−0.96%1.92%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
12.09%
Benchmark approx 7.28%
A standard deviation reflecting historical swings.
Sensitivity
1.39
Beta vs benchmark 1.00 · 39% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.33
Sharpe
Excess return gained per unit of volatility.
Capture ratio
32 / -80
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −16.96% from its 29 Sep 2024 peak to a 28 Feb 2025 trough, and recovered on 28 Jan 2026 after 334 days.
Max drawdowns
−16.96%
Recovery period
334 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme29 Sep 202428 Feb 2025−16.96%152 days28 Jan 2026334 days
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak29 Sep 2024
Trough28 Feb 2025
Depth−16.96%
Fell over152 days
Recovered28 Jan 2026
Recovery took334 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026
Portfolio Details : Where the money actually sits
Stocks
66
P/E ratio
19.43
Dividend yield
0.93%
Avg market cap
₹1.28 L Cr
Asset class
Equity
Top 5 holdings
Nippon India ETF Gold BeES6.41%
ICICI Pru Banking and PSU Debt Fund - Direct (G)5.72%
ICICI Pru Dynamic Term Fund - Direct (G)5.72%
ICICI Pru Floating Interest Rates Fund-Direct (G)5.32%
Nippon India ETF Nifty Bank BeES4.01%
Fees
VariablePlan A · Simple
Fixed Management Fee2.00% / yr
Performance FeeNone
Hurdle RateAbove 11%
No exit load. Lock-in: Nil.
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