First Global's Investment Themes: Pharma, Healthcare, Auto Components

Devina Mehra, the head of First Global, talked about the company's investment themes.

She mentioned that pharma, healthcare, and auto components have been important for a while, even though their performance has varied.

Her team often spots trends early, like they did with industrial machinery and capital goods.

Recently, they added energy and oil to their portfolio and made small changes from large-cap IT to mid-cap IT.

Pharma is improving, and auto components are steady.

They also invested in PSU banks and FMCG.

Mehra noted that the market is narrow, with few stocks doing well.

She warned that the US market is risky because it's driven by a few tech stocks with no profits.

She advised investors to use sentiment as a guide and stay invested to manage emotions.