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The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.Read the detailed Risk Warning
Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.
At close 18-Jun-2013Ord
Source: Morningstar, NAV = Net Asset Value, excluding income.
Bow Bells House,
1 Bread Street,
Registered in England and Wales as an Investment Company Number 2902424
The objective of New India Investment Trust PLC is to achieve long-term capital appreciation by investing in companies which are incorporated in India or which derive significant revenue or profit from India, with dividend yield from the company being of secondary importance. This emphasis on long-term capital appreciation will be demonstrated by benchmarking the Company’s net asset performance against the Morgan Stanley Capital International India Index (in Sterling terms).
In this webcast, Adrian Lim gives an update on a wide range of subjects including performance, the twenty largest investments and the outlook for the Trust.
India’s strong fundamentals—high savings and investment rates, rapid workforce growth and a quickly expanding middle class—will continue to boost economic growth. However, a shortage of skilled labour, infrastructure bottlenecks and the difficulties involved in moving from low-productivity agriculture to high-productivity manufacturing will constrain GDP expansion. What does this mean for India?
Find out more by reading a specialist country report by The Economist Intelligence Unit.India Country Report
(The information in this report is accurate as of April 2013)
In this webcast, Adrian Lim gives an update on a wide range of subjects including performance, the twenty largest investments and the outlook for the Trust. Click here to listen to the presentation.
Indian equities rose in April on hopes that easing price pressures will spur policymakers to further loosen monetary policy. At the time of writing, the central bank cut its benchmark repo rate by 25 basis points to 7.25%.
The current account deficit rose to a record in the December-quarter. The local car market contracted in the year to March as high borrowing costs and fuel prices dampened demand. Manufacturers responded by cutting production and tapping the
In April, we continued to build our position in cement maker ACC.
In portfolio-related news, Anglo-Dutch company Unilever made an offer to increase its stake in our holding Hindustan Unilever to 75% in a deal worth US$5.4 billion. Separately, the local subsidiary reported solid full-year sales and earnings, with all segments delivering good operating profits. Healthy domestic and Indonesian revenues bolstered Godrej Consumer Products’s final quarter, while robust loan growth boosted ICICI Bank and HDFC Bank. Tata Consultancy Services’s full-year net earnings grew 34%, whereas Infosys reported a more modest expansion of 8% as it continued to restructure its business to regain growth momentum. Meanwhile, the economic slowdown affected March quarterend sales for Hero MotoCorp, Castrol India and UltraTech Cement.
Looking ahead, the domestic manufacturing and services sectors are likely to lose momentum, as foreshadowed by their respective purchasing managers’ indices. However, any hopes of further interest rate cuts have been dashed by the Reserve Bank of India’s warning of resurgent inflationary pressures. The government’s commitment to carry through its reform drive has become an economic imperative, as much to revive faltering growth as it is to reassure investors.
Source: Monthly Factsheet Aberdeen Asset Managers Limited