DEVINA MEHRA
Underweight on US since January; overweight on Europe, China & India: Devina Mehra
Devina Mehra of First Global suggests remaining invested in Indian markets. They are underweight in the US since January. They favor Europe and maintain overweight positions in China and India. Recent rebalancing in India includes overweighting pharma and auto components since early 2024. FMCG and banks have seen increased weight. However, banks remain underweight despite recent additions.
Devina Mehra on Trump-Musk spat, China’s chip market manipulation
Devina Mehra highlights the escalating conflict between Elon Musk and Donald Trump, noting potential risks from Musk's government involvement. She points out China's dominance in strategic resources as a challenge for the EV industry. Due to volatility and news dependence, Tesla is considered a high-risk stock and is not held in global funds.
Navratnas of the market: 9 investing mantras from Devina Mehra’s new book
Investment mantras aren’t morning chants you recite with closed eyes and crossed legs. "They are what you believe are at the foundation of your whole investment and portfolio management strategy," the PMS fund manager, who runs First Global, writes in her book published by Penguin.
Despite market turmoil, stay invested and remain diversified globally: Devina Mehra
Devina Mehra, Founder & CMD of First Global, predicts the possible end of the US market's 12-year outperformance, accelerated by Trump's policies. Despite potential downturns, investing remains crucial as missing top trading days can significantly impact long-term returns. India's market is portrayed as less risky, and maintaining a diversified global portfolio is recommended for investors.
- Go To Page 1
Asset management company founder shares Amitabh Bachchan song for investors who believe in 'Buy blue chips and forget'
Devina Mehra of First Global states that 'Buy blue chips and forget' is not a valid strategy. The definition of blue chip stocks changes over time due to the shorter life cycle of companies. She emphasizes the importance of a systematic investment approach. Recent changes to Nifty 50 include Zomato and Jio Financial Services, replacing Britannia and BPCL.
Overweight on IT, pharma, auto components; have added some FMCG stocks: Devina Mehra
Devina Mehra, Founder of First Global, highlights that the market's recent fall coincided with FII withdrawals, but over time, FIIs' actions don't always dictate market movements. She emphasizes the nearing end of US outperformance, and First Global’s overweight on IT, pharma, auto components, with selective additions in FMCG and chemical stocks, indicating emerging opportunities outside US equities.
Manage your risk, choose stocks carefully, but stay invested: Devina Mehra
Devina Mehra advises investors to manage risks and stay invested amid market fears, as returns tend to be higher during uncertainty. Emphasizing large, steady portfolios over small caps, she highlights the cyclical nature of market returns and the importance of staying the course, even as Indian markets confront tariff and geopolitical challenges.
Make global diversification your New Year resolution as asset allocation within a country is not enough: Devina Mehra
Devina Mehra, Founder of First Global, encourages Indians to consider global investing through RBI's liberalised remittance scheme instead of relying solely on gold. She highlights the importance of diversifying investments globally, including tech and pharma sectors, and the growing significance of consumption services like Swiggy and Zomato. She also announces the release of her book covering her market learnings.
Cutting exposure to capital goods, industrial; waiting for IT to bottom out: Devina Mehra
Devina Mehra of First Global reflects on the market's consensus shift towards capital goods, emphasizing the need to monitor potential sector peaks. She also discusses stock market volatility, election impact, and risk management strategies for smallcap stocks. Mehra says: "We have added a few commodity stocks in our last rebalance -- some amount of metal, steel, etc, and even some cement."
Devina Mehra's portfolio tips: Avoid the big losses, avoid a big hit to your capital & then you will win
Devina Mehra warns investors about smallcap crash risks during euphoria. Emphasizes careful stock selection and managing risk to avoid losses. Advocates for cautious approach in volatile markets for better returns. In case of industrial, Mehra says: " I expect, sometime this year, maybe the story will be over. Of course, we have trimmed, we have changed stocks and we have done all of that but we are still overweight in that sector as we speak."
Never put much faith in FII flows; remain overweight India in global portfolios: Devina Mehra
Devina Mehra discusses the underperformance of banks in recent years, attributing it to negative surprises and credit risks. She advises caution when investing in banks and mentions being skewed towards public sector banks. She also highlights the importance of assessing credit quality in banks.
Strictly limit your exposure in smallcaps, IPOs and microcaps: Devina Mehra
Devina Mehra say: “There are enough places in the market to make money. So, be cognisant of risk management. Smallcaps, IPOs, microcaps, the areas where there has been a lot of exuberance of late are exactly the areas where you have to be careful of and strictly limit your exposure.”
Probability of a market crash is still low; be cautious on smallcap side: Devina Mehra
Devina Mehra says: “We want to track the FII flows is because we think it determines the direction of the market. But if you actually look at data over years, over months, whatever cut you want to take, the FII flows have very little correlation with the market movement, in fact, none at all. I mean, this was the case even when the domestic mutual fund and the domestic retail investor community was not that large. ”
India definitely looking one of the better markets to invest in: Devina Mehra
Yes but the cash flow and profits are still far away compared to still the valuations that they have and I said just a while ago that for us risk management is priority so we are not in the business of taking punts, which play out basically on luck.
ETMarkets Smart Talk: Devina Mehra shares her mantra for spotting stock market winners
Crude has corrected substantially from the 2022 highs and since that determines the prices of a lot of downstream products, it can provide a cushion both to the economy, as well as to corporate earnings.
Crude is going to be the theme which will drive a lot of factors in Indian market: Devina Mehra
So if I look at the economy as well as corporate earnings, to my mind, that one theme which can change a lot of things is crude.
4 D-Street veterans decode current markets; list dos and don'ts
Interest rates in the US may not come down by the third or fourth quarter, but the markets may start expecting rate cuts in the early next year. Also please look at it, if there are so many issues with the banks and people losing their jobs, it must be also a little bit disinflationary. It has to overall cast a little bit of a gloom on the US job scene," he said
Every investor should have reasonable part of their portfolio in global basket: Devina Mehra
The good part for people who have limited time to spend on the investing game is that most of your returns 80% to 90% come from asset allocation, not from stock selection.
Devina Mehra lays out the biggest risk for D-Street in 2022
Besides, agri commodities, which were fuelling a lot of inflation globally, have also seen a great deal of moderation: Cotton is down 35-40% from the peak, wheat is down 40% and palm oil has also cracked big time, Mehra said, adding that the only part of the commodity basket which still remain up are oil and gas but that has also come off its high.
Bank stocks are never a safe bet: Devina Mehra
"Banks are, in my book, never a safe bet and always a risky sector. It is a highly leveraged sector which is why I rarely like it. Even in 2020, it was the only major sector in the red in a market which was so buoyant. In 2021, it was not in the red, but went up only half as much as the market," Devina Mehra, Chairperson and MD, First Global, says.
2022 likely to be a decent year; trendline doesn’t point to big correction: Devina Mehra
“Big market crash happens when one is very far above the trendline; We are still not at the trendline, let alone be very, very high.”
Do not confuse a bull market with brains! It makes you look better than you are: Devina Mehra
“If you have a carefully chosen diversified portfolio, which means at least 25 stocks and keep it diversified not just in terms of number of stocks but in terms of sectors and carefully chosen through some method, then you can live with it.”
Why you can’t compare a Zomato to a HUL. Devina Mehra explains
Why you can’t compare a Zomato to a HUL. Devina Mehra explains
Smallcap rally nowhere close to danger mark: Devina Mehra
"Danger mark means a prolonged bear market. Yes there can be corrections after a big run up; that often happens. But if you look at a very sustained bear market right now. the danger signs are not there for that. We have not reached a point from where bear market starts."
When First Global’s Devina Mehra spotted ‘muscle man’ potential in ‘boy’ HDFC Bank
In 1996, Devina put out her analysis of the HDFC Bank stock – one of her firsts after she founded First Global with her former Citibank colleague and life partner Shankar Sharma.
Big bear market in commodities is near end if not over: Shankar Sharma, First Global
Commodities is the space to be in this year rather than non-commodity or non-cyclical businesses
We do not see big revival in banking: Shankar Sharma
Post Vijay Mallya episode, suddenly anybody who has defaulted or owed money to banks is a thief or something. That is a very wrong thing.
Load More
