Aberdeen New India Investment Trust PLC

Seeking world-class, well governed companies at the heart of India's growth


Morningstar rating:
4 out of 5

Daily prices as of 11 Aug 2022

Share Price 582.00p

Estimated NAV cum income 711.60p

Estimated NAV ex income 710.24p

Dividend Yield NA%

Premium / (Discount) to NAV cum income -19.3%

Premium / (Discount) to NAV ex income -19.2%

Source: Morningstar

About us

Find out more about our investment objective, approach, portfolio and performance.

Insights

Our articles, podcasts and videos offer the latest perspectives from our managers on the evolving investment landscape.

How to invest

Learn more about the different ways in which you can invest.

On Tuesday 24th August, Aberdeen New India Investment Trust PLC hosted an online presentation for shareholders to raise questions ahead of the AGM. This online event took the form of a short introduction from the Chairman, followed by a more detailed presentation from the manager, Kristy Fong. The post-event recording is available to watch below.

Latest news

An update from our investment manager, Kristy Fong - 26 May 2022

As the Russia-Ukraine conflict becomes more entrenched, elevated oil and commodity prices will keep inflation sticky. Policymakers have an unenviable task of managing inflation without compromising on the ongoing economic recovery from the Covid-19 crisis. We believe that India has sufficient policy headroom to tackle above-target inflation in the near term while persisting on a long-term growth trajectory. We are confident that the portfolio holdings’ pricing power and ability to sustain margins provide a measure of comfort. Over the longer term, we believe India remains alluring to investors. It is home to many of Asia’s most successful companies that have been tested by prior economic, as well as geopolitical crises. We remain highly selective in our portfolio positioning, preferring high-quality companies with robust balance sheets and led by good management that should help them weather storms better than most. We believe it is these companies that should deliver sustainable returns over time.

*This is third-party research. You will leave Aberdeen New India Investment Trust’s website and enter Kepler’s to view.

Key people

Kristy Fong

Kristy Fong

Investment Director

Kristy Fong is an investment manager on the Asian equities team. Kristy joined abrdn in 2004 from UOB KayHian Pte Ltd where she was an analyst.

Kristy graduated with a BA (Hons) in Accountancy from Nanyang Technological University, Singapore. She is a CFA Charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

James Thom

James Thom

Investment Director

Personal Details

Joined the company: August 2010

Nationality: British

Location: Singapore

Education and Experience

James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.

James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.

  • Kristy Fong

    Kristy Fong

    Investment Director

    Kristy Fong is an investment manager on the Asian equities team. Kristy joined abrdn in 2004 from UOB KayHian Pte Ltd where she was an analyst.

    Kristy graduated with a BA (Hons) in Accountancy from Nanyang Technological University, Singapore. She is a CFA Charterholder.

    CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

  • James Thom

    James Thom

    Investment Director

    Personal Details

    Joined the company: August 2010

    Nationality: British

    Location: Singapore

    Education and Experience

    James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.

    James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.

Hasan Askari

Hasan Askari

Chairman

Mr Askari began his career as an investment banker in the City of London in 1975 at S.G. Warburg & Co. Ltd (now UBS) and has subsequently worked, as Managing Director, in JP Morgan Chase Investment Bank in HongKong and in Barclays Capital (previously BZW) in Tokyo and London. Most recently, he was at Old Mutual plc, London as a member of the Executive Committee responsible for Old Mutual’s operations in the U.K., Europe and Asia-Pacific. He is a director of Lloyd George Indian Ocean Fund, Hong Kong.
Michael Hughes

Michael Hughes

Senior Independent Director

Appointed a Director on 7 September 2016, Michael Hughes became Senior Independent Director on 23 September 2020. He is a Director of T. Bailey Asset Management Limited and acting investment consultant to various family offices and charities. He was a Director of Baring Asset Management Limited from 1998, and Chief Investment Officer from 2000, until his retirement in 2007. Prior to this, he was Managing Director of Barclays Capital (previously BZW) and Chairman of the Board of pension trustees. Before ‘Big Bang’ he was a Partner at stockbrokers de Zoete and Bevan.

Michael Hughes is chairman of JPMorgan Mid Cap Investment Trust plc.

Stephen White

Stephen White

Chairman of Audit Committee

Appointed a Director on 26 September 2013, Stephen became Chairman of the Audit Committee on 11 September 2014. He qualified as a Chartered Accountant at PwC before starting a career in investment management. He has more than 35 years' experience of managing investment portfolios, most notably twenty years as Head of European Equities at F&C Asset Management and ten years as Head of European and US Equities at British Steel Pension Fund. He is a non-executive Director and chairman of the audit committee of Blackrock Frontiers Investment Trust plc and a non-executive director of JP Morgan European Smaller Companies Investment Trust plc and Polar Capital Technology Trust plc.

Rebecca Donaldson

Rebecca Donaldson

Non-Executive Director

Rebecca Donaldson was appointed as a Director of the Company on 1 September 2020. She has led the development of global marketing, communications and investor relations solutions for a broad range of investment companies, most recently as Head of Channel Marketing, EMEA at BMO Global Asset Management, and previously with Fidelity Worldwide Investments, Dexion Capital plc (now Fidante Partners) and UBS Global Asset Management AG.

David Simpson

David Simpson

Non-Executive Director

Appointed a Director on 1 November 2021, David initially qualified as a solicitor before following a career in corporate finance, which included seven years with Barclays de Zoete Wedd and 15 years with KPMG, latterly as global head of mergers and acquisitions. David has worked with numerous major corporates, listed companies, private equity, charitable and public bodies. David is currently chairman both of Ecofin Global Utilities and Infrastructure Trust plc and of M&G Credit Income Investment Trust plc.

Andrew Robson

Andrew Robson

Non-Executive Director

Appointed a Director on 1 August 2022, Andrew initially qualified as a Chartered Accountant before a career in investment banking and as a finance director. Andrew is a non-executive director of BlackRock Energy and Resources Income Trust PLC and Baillie Gifford China Growth Trust PLC (formerly Witan Pacific Investment Trust plc). Andrew was a director of Robert Fleming & Co Limited and SG Hambros and finance director at eFinancialGroup Limited and the National Gallery. Previously, Andrew was a non-executive director of JP Morgan Smaller Companies Investment Trust plc, Shires Income plc, Mobeus Income & Growth 4 PLC and British Empire Securities & General Trust plc.
  • Hasan Askari

    Hasan Askari

    Chairman

    Mr Askari began his career as an investment banker in the City of London in 1975 at S.G. Warburg & Co. Ltd (now UBS) and has subsequently worked, as Managing Director, in JP Morgan Chase Investment Bank in HongKong and in Barclays Capital (previously BZW) in Tokyo and London. Most recently, he was at Old Mutual plc, London as a member of the Executive Committee responsible for Old Mutual’s operations in the U.K., Europe and Asia-Pacific. He is a director of Lloyd George Indian Ocean Fund, Hong Kong.
  • Michael Hughes

    Michael Hughes

    Senior Independent Director

    Appointed a Director on 7 September 2016, Michael Hughes became Senior Independent Director on 23 September 2020. He is a Director of T. Bailey Asset Management Limited and acting investment consultant to various family offices and charities. He was a Director of Baring Asset Management Limited from 1998, and Chief Investment Officer from 2000, until his retirement in 2007. Prior to this, he was Managing Director of Barclays Capital (previously BZW) and Chairman of the Board of pension trustees. Before ‘Big Bang’ he was a Partner at stockbrokers de Zoete and Bevan.

    Michael Hughes is chairman of JPMorgan Mid Cap Investment Trust plc.

  • Stephen White

    Stephen White

    Chairman of Audit Committee

    Appointed a Director on 26 September 2013, Stephen became Chairman of the Audit Committee on 11 September 2014. He qualified as a Chartered Accountant at PwC before starting a career in investment management. He has more than 35 years' experience of managing investment portfolios, most notably twenty years as Head of European Equities at F&C Asset Management and ten years as Head of European and US Equities at British Steel Pension Fund. He is a non-executive Director and chairman of the audit committee of Blackrock Frontiers Investment Trust plc and a non-executive director of JP Morgan European Smaller Companies Investment Trust plc and Polar Capital Technology Trust plc.

  • Rebecca Donaldson

    Rebecca Donaldson

    Non-Executive Director

    Rebecca Donaldson was appointed as a Director of the Company on 1 September 2020. She has led the development of global marketing, communications and investor relations solutions for a broad range of investment companies, most recently as Head of Channel Marketing, EMEA at BMO Global Asset Management, and previously with Fidelity Worldwide Investments, Dexion Capital plc (now Fidante Partners) and UBS Global Asset Management AG.

  • David Simpson

    David Simpson

    Non-Executive Director

    Appointed a Director on 1 November 2021, David initially qualified as a solicitor before following a career in corporate finance, which included seven years with Barclays de Zoete Wedd and 15 years with KPMG, latterly as global head of mergers and acquisitions. David has worked with numerous major corporates, listed companies, private equity, charitable and public bodies. David is currently chairman both of Ecofin Global Utilities and Infrastructure Trust plc and of M&G Credit Income Investment Trust plc.

  • Andrew Robson

    Andrew Robson

    Non-Executive Director

    Appointed a Director on 1 August 2022, Andrew initially qualified as a Chartered Accountant before a career in investment banking and as a finance director. Andrew is a non-executive director of BlackRock Energy and Resources Income Trust PLC and Baillie Gifford China Growth Trust PLC (formerly Witan Pacific Investment Trust plc). Andrew was a director of Robert Fleming & Co Limited and SG Hambros and finance director at eFinancialGroup Limited and the National Gallery. Previously, Andrew was a non-executive director of JP Morgan Smaller Companies Investment Trust plc, Shires Income plc, Mobeus Income & Growth 4 PLC and British Empire Securities & General Trust plc.

 

Financial calendar

Year End 31 March
Accounts Published July
Annual General Meeting September
Dividend Paid n/a

Trust details

Aberdeen 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

Launch Date: February 1994
Risk Warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.