New India Investment Trust PLC
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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.

Jargon Buster

The financial world uses a number of words and phrases not in everyday usage. Aberdeen has compiled a comprehensive list to clarify these terms and assist your decision making.

If you are puzzled by a particular word or expression that we have used and cannot find an explanation for it in Jargon Buster, please contact us with your query and we will respond either direct to you by email or by adding the explanation to Jargon Buster for the benefit of others.

 
Aberdeen

Aberdeen Asset Management Plc and its subsidiary companies.

Active Investment Management

A style of investment management where a manager seeks to outperform a benchmark index typically through stock selection based on fundamental analysis and market timing.

Alternative Investment Market (AIM)

The Alternative Investment Market (AIM) is the London Stock Exchange's market for small, young and growing companies. It gives investors the opportunity to invest and trade in the shares of these companies on a market regulated by the London Stock Exchange.

Annual General Meeting (AGM)

This is the annual shareholder meeting. All companies, except the very smallest, are required by law to hold such a meeting once a year. During the meeting shareholders are allowed to ask questions of the board. Additionally, the board of directors will explain the background to the company's trading record for that year.

Annual Management Fee

A charge made every year for running your fund. It is usually a percentage of your investment.

Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) aims to estimate the real cost of borrowing so that you can compare different products on the market.

Asset cover

Cover on a zero dividend preference share measures how well the price which has to be paid to the shareholders on redemption is covered by the current gross assets less the known costs and prior to charges. It is calculated by dividing current gross assets, less prior charges, wind-up costs and interest charges and management fees attributable to capital by the total zero charge.

Association of Investment Companies (AIC)

The Association of Investment Companies (AIC) is the trade body for investment trust companies. The AIC provides a considerable amount of background reading and explanatory material on investment trusts including a series of free factsheets. http://www.theaic.co.uk