New India Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

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 pooled investment products (NMPIs) 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.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of New India Investment Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for New India InvestmentTrust

 
 

Morningstar Ratings

Fund Rating

5 Star Rating
 
 

Daily Data

At close 30-Jul-2014

Ord
Price265.50p
NAV296.68p
Prem/-Disc-10.51%


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 

Risk Warning

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

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 
 
 

Trust Details

New India Investment Trust PLC

Registered Office:
Bow Bells House,
1 Bread Street,
London
EC4M 9HH

Registered in England and Wales as an Investment Company Number 2902424

 

New India Investment Trust PLC

Objective

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).

 
 

New India Investment Trust PLC Annual Report for Year Ended 31 March 2014
Adrian Lim, Senior Investment Manager

In this webcast Adrian Lim gives an update on a range of subjects including performance, sector breakdown, political environment, twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 

 

Manager's Monthly Report

June 2014

Market Review

Indian equities finished June ahead, as investors continued to celebrate the leadership change and confidence grew that the upcoming budget would unveil measures to spur growth. The government battled persistent food inflation, announcing it would release a quarter of its rice stockpiles, ease sales restrictions on fruit and vegetables and set minimum export prices for potatoes and onions.

Meanwhile, it hiked rail fares for both passengers and freight to meet the railways’ annual expenditure. Consultations are also underway to agree on the magnitude of a gas price increase.

Portfolio review

We topped up Infosys on weakness following the unexpected departure of possible CEO contender BG Srinivas. It was subsequently announced that former SAP executive Vishal Sikka would become Infosys’ first chief executive recruited from outside the company. His appointment greatly reduces the uncertainty linked to the string of senior level departures; he has an excellent record and reputation for innovative thinking. As part of the leadership transition, founder Narayana Murthy stepped down as planned, although he will remain on the board until October.

As part of its strategy to expand into financial services, Piramal Enterprises purchased a 10% stake in Shriram City Union Finance. Meanwhile, Tata Consultancy Services won two contracts in Europe, to modernise Telenor Norway’s fixed-line operations and develop Dutch insurance firm REAAL’s mainframe applications.

Outlook

By most accounts, prime minister Modi has made encouraging inroads during his first few weeks in office, from plans to ease restrictions on foreign direct investments, to the recent hike in rail fares, which indicated a willingness to take decisive action on politically-sensitive issues. Hopes are high that he will take the same approach to productivity-boosting reforms. However, the prevailing environment of anaemic growth, sticky inflation and a subdued industrial sector means the path to a more buoyant economy might not be smooth. Meanwhile, equities are still hovering near all-time highs, so it would not be surprising to see some short-term market volatility. Nevertheless, any pick-up in economic growth would be a plus for earnings and profitability.


Source: Monthly Factsheet Aberdeen Asset Managers Limited