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The Company currently conducts its affairs so that securities issued by New India Investment Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.
At close 10-Mar-2014Ord
Source: Morningstar, NAV = Net Asset Value, excluding income.
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.
Bow Bells House,
1 Bread Street,
Registered in England and Wales as an Investment Company Number 2902424
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, as sector breakdown, twenty largest investments and an outlook for the Trust.
Although India battles with a deterioration in growth, high inflation and a weaker currency, it is still home to wealth of investment opportunities. Despite these challenges, we believe it is still one of the most dynamic countries in Asia. In this video we explore what is still driving the economy and where the investment opportunities lie.
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)
Indian equities fell in January as a rout in some emerging market currencies cast a pall over developing economies. The US Federal Reserve’s decision to slice another US$10 billion from its asset purchases further dampened sentiment.
The Reserve Bank of India hiked interest rates to 8%, showing its resolve in the face of sticky inflation, which remains well above its year-end goal of 8%.
Indian car sales fell for the first time in more than a decade in 2013, reflecting the generally sober mood of the domestic consumer in the face of a soft economy and inflation concerns.
There were no major changes to the portfolio in January.
Sluggish consumption remains a constraint for many companies. Continued weak demand for cement coupled with rising costs impacted UltraTech’s results. That said, the outlook remains positive given latent demand in local infrastructure and housing markets.
Elsewhere, TCS suffered profit taking following a good run as slowing business at home overshadowed decent offshore revenues. Conversely, Infosys shrugged off concerns over senior-level departures, reporting good margin expansion in the December quarter, thanks to disciplined cost management and healthy growth in its international business. ITC was unruffled by a tough consumer environment and a hike in cigarette duties; its fast-moving consumer goods division delivered robust sales and profit growth, while the hotel business was boosted by ITC Grand Chola’s contributions.
ICICI and HDFC enjoyed respectable retail loan growth, but conditions are likely to become more challenging, so we will continue to monitor their asset quality.
While few in the business community appreciated the RBI’s surprise new-year hike in interest rates, there is little doubt India sorely needs to put a lid on inflation. Despite a drop in the CPI in December, elevated prices continue to pose a menace to corporate balance sheets in the form of input cost pressures and a hesitant consumer. As such, the central bank’s recent proposal, that it replace its multifaceted monetary policy with one that focuses chiefly on targeting inflation, could be a step in the right direction. Certainly, if it could bring retail inflation to below 6% over the next two years as it hopes, everyone in India would benefit.
Source: Monthly Factsheet Aberdeen Asset Managers Limited