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 23-Apr-2015

Ord
Price330.25p
NAV371.63p
Prem/-Disc-11.13%


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.

 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

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 Half Year Report for the six months ended 30 September 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

March 2015

Market Review

Indian equities fell in March as current business sentiment sagged to an 11-month low. Meanwhile, tensions in the Middle East and speculation over the path of US interest rates heightened global risk aversion.

The Reserve Bank of India announced the year’s second 25 basis-point interest rate cut, in another unscheduled meeting.

Encouragingly, the opposition-controlled upper house passed both the long-delayed law to raise the limit on foreign ownership of life insurance companies, and the coal bill. The latter allows the auction of coal-block licenses previously cancelled by the Supreme Court. However, the fate of the land acquisition bill remains in the balance, even though it was approved by the lower house.

Portfolio review

In March, we topped up ITC on price weakness.

India’s Sun Pharmaceutical Industries completed its US$4 billion merger with Ranbaxy Laboratories. The company estimates the integration could add value amounting to US$250 million over the next three years.

The telecoms spectrum auction raised US$18 billion for the government, exceeding expectations. The top three operators, including Bharti Airtel, spent a total of US$13.6 billion, buying up 80% of the available spectrum. Possibly in response to the passage of the life insurance bill, ICICI Bank is selling a 5% stake in its life insurance subsidiary, with an eye on a potential listing.

Outlook

Indian equities seem to have come off the boil recently. Some profit-taking would be hardly surprising, given the huge gains in the last year. That might not be the only driver of selling activity though. After a protracted celebration of the BJP’s election win, investors are now looking for tangible signs of policy execution. Modi has made some inroads after almost 12 months in office and the recent passage of two key bills is heartening. Meanwhile, the economy appears on the threshold of a recovery, helped by the slump in oil prices. However, nothing much else has changed on the ground. Businesses have yet to report any significant earnings growth and many are holding fire on capital expenditure. As such, returns could well remain modest for a period.


Source: Monthly Factsheet Aberdeen Asset Managers Limited