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 15-Sep-2014

Ord
Price286.00p
NAV321.29p
Prem/-Disc-10.99%


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).

 
 
 

India: Modi on Standby

Monthly commentary
 
 
 

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

July 2014

Market Review

Indian equities gained in July, as sentiment remained largely upbeat, despite some volatility related to geopolitical tensions.

The government unveiled its first budget, which aimed to lift GDP growth by up to 8% within the next three years. Proposed measures included easier access for foreign direct investors; subsidy reform; a more streamlined tax regime; and the introduction of a goods and services tax.

Inflation softened to 7.3% in June, compared with 8.3% the previous month, although food prices remained stubbornly high. Meanwhile, industrial production grew 4.7% in May – its best in 19 months.

Portfolio review

We trimmed Bosch following good performance.

ITC faces a 20% excise tax hike on cigarettes following the BJP’s inaugural budget. It should be able to offset some margin pressures by improving its product mix, increasing prices, and taking advantage of its dominant brand.

Hero MotoCorp began setting up its US$70 million manufacturing facility in Colombia, as part of its plan to expand its presence to 50 countries by 2050.

In results, HDFC Bank and its parent, HDFC, reported good growth in mortgages and retail lending, while asset quality was also healthy. Non-performing loans were stable and fully covered by provisions. However, the insurance and asset management businesses were hampered by the lacklustre economy.

Infosys reported a steady quarter of healthy growth and margin recovery compared with the previous year, despite an unparalleled period of leadership changes. Meanwhile, TCS posted decent profits, despite headwinds, cementing its industry leadership.

Outlook

There were some grumblings following the BJP’s maiden budget that it failed to meet expectations. However, we were not disappointed, particularly given the short timeframe in which the government had to prepare. The measures put forward signal an encouraging shift away from costly populist policies toward an environment more conducive to growth. Reviving India’s economy is a colossal task, but Modi seems to be moving things in the right direction. Inflation is easing, while green shoots have started to appear in the previously stagnant industrial and manufacturing sectors. However, with the market still hovering near all-time highs, there is little room for disappointment.


Source: Monthly Factsheet Aberdeen Asset Managers Limited