New India Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

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

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 Management

A style of investment management that relies on research, forecasts and experience to make decisions about which securities to hold in a portfolio. Actively-managed funds generally aim to outperform their benchmark. (See also passive management.)

Alpha

Performance of a fund in excess of that which would be expected. The expected return is equal to the market return multiplied by the fund’s beta. A high alpha value implies that the stock has performed better than would have been expected given its beta (volatility). (See also beta.)

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.

Arbitrage

Act of simultaneously buying and selling securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset

Asset allocation

The distribution of assets across a variety of geographic regions, asset classes or sectors.

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

Authorised unit trust

A UK-based unit trust that is permitted to be marketed to all types of customers. The Financial Conduct Authority regulates the assets in which such trusts are permitted to invest. (See also unit trust.)