New Delhi, March 20 -- They say, 'Home is where the heart is'. When it comes to money, however, Devina Mehra, founder and chairperson of securities firm First Global, strongly feels that part of it should be parked outside of the home country.

"Wherever possible, we like to buy individual stocks and securities globally. In certain markets, because of regulatory reasons, stocks cannot be purchased directly, in which case we may get exposure via country ETFs (Exchange-traded funds)," said Mehra, who runs a global fund out of Cayman Island.

She invests 80% of her portfolio in her global fund and the rest in her India PMS fund. "We have bought South African Reits, Chinese shoemakers and Australian mine companies." She speaks to Mint about h...