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Aberdeen New India Investment Trust PLC

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.

Morningstar rating:
4 out of 5

An investment trust with a concentrated portfolio of locally-researched Indian equities.

Daily prices as of {{asOfDate}}

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Key literature

Morningstar Daily Factsheet
Monthly factsheet
Annual Report
Interim Report
Latest Notice of AGM
Kepler Research note - Dec 18
Savings Plan/ISA Brochure
Pre-Investment Disclosure Document (PIDD)
Key Information Document
Alternative Investment Fund Managers Directive (AIFMD) Remuneration Disclosure to 31 December
Portfolio Holding Summarylibrary_booksRead all literature

Key people

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.

Rachel Beagles

Senior Independent Director

Rachel Beagles worked in financial markets, primarily in equity research and sales from 1990 until 2003. She was co-head of the Pan European Banks Equity Research and Sales Team and a Managing Director of Corporate and Investment Banking Group Division at Deutsche Bank AG from 2000 to 2003.

She is a non-executive director of Blackrock Emerging Europe plc, Schroder UK Mid Cap Fund plc,Gresham House plc and chairman of Securities Trust of Scotland plc.

Michael Hughes

Non-Executive Director

Mr Hughes joined the Board on 7 September 2016. 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.

Mr Hughes is a director of JPMorgan Mid Cap Investment Trust plc.

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 is Head of European and US equities at British Steel Pension Fund, responsible for the day to day management of the Fund's Europe ex-UK and US equity portfolios. He is a Chartered Accountant. He was formerly a non-executive director of Global Special Opportunities Trust Plc. He was formerly Director and Head of European Equities at Foreign & Colonial Investment Management, Manager of Foreign & Colonial Eurotrust PLC and Deputy Manager of the Foreign & Colonial Investment Trust Plc. Prior to joining Foreign & Colonial in 1985, he held positions at Hill Samuel Asset Management, Phillips & Drew and Price Waterhouse. Stephen is a non-executive director of Blackrock Frontiers Investment Trust plc, JP Morgan European Smaller Companies Trust plc and Polar Capital Technology Trust plc.

  • 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.

  • Rachel Beagles

    Senior Independent Director

    Rachel Beagles worked in financial markets, primarily in equity research and sales from 1990 until 2003. She was co-head of the Pan European Banks Equity Research and Sales Team and a Managing Director of Corporate and Investment Banking Group Division at Deutsche Bank AG from 2000 to 2003.

    She is a non-executive director of Blackrock Emerging Europe plc, Schroder UK Mid Cap Fund plc,Gresham House plc and chairman of Securities Trust of Scotland plc.

  • Michael Hughes

    Non-Executive Director

    Mr Hughes joined the Board on 7 September 2016. 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.

    Mr Hughes is a director of JPMorgan Mid Cap Investment Trust plc.

  • 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 is Head of European and US equities at British Steel Pension Fund, responsible for the day to day management of the Fund's Europe ex-UK and US equity portfolios. He is a Chartered Accountant. He was formerly a non-executive director of Global Special Opportunities Trust Plc. He was formerly Director and Head of European Equities at Foreign & Colonial Investment Management, Manager of Foreign & Colonial Eurotrust PLC and Deputy Manager of the Foreign & Colonial Investment Trust Plc. Prior to joining Foreign & Colonial in 1985, he held positions at Hill Samuel Asset Management, Phillips & Drew and Price Waterhouse. Stephen is a non-executive director of Blackrock Frontiers Investment Trust plc, JP Morgan European Smaller Companies Trust plc and Polar Capital Technology Trust plc.

Kristy Fong

Investment Manager

Kristy Fong is an investment manager on the Asian equities team. Kristy joined Aberdeen 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.

Flavia Cheong

Head of Equities - Asia Pacific ex Japan, Aberdeen Asset Management Asia

Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

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

Pruksa Iamthongthong

Investment Manager

Pruksa Iamthongthong is an Investment Manager on the Asian Equities team. Pruksa joined Aberdeen in 2007.

Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA Charterholder.

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

Adrian Lim

Investment director

Adrian Lim is a senior investment manager on the Asia Pacific (ex Japan) equity team. Adrian originally joined Aberdeen in 2000 as a manager in private equity, on the acquisition of Murray Johnstone, but transferred to his current post soon afterwards. Previously, Adrian worked for Arthur Andersen LLP as an associate director advising clients on mergers & acquisitions in the region.

Adrian graduated with a BAcc from Nanyang Technological University, Singapore. He is a CFA Charterholder.

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

Hugh Young

Managing Director, Aberdeen Asset Management Asia

Hugh Young is a Director of Aberdeen Asset Management PLC and Managing Director of the Group's Asian business. He has overall responsibility for the Group’s active equity, fixed income and property capabilities. Hugh joined Aberdeen in 1985 to manage Asian equities from London, having previously held posts at Fidelity International and MGM Assurance. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally.

  • Kristy Fong

    Investment Manager

    Kristy Fong is an investment manager on the Asian equities team. Kristy joined Aberdeen 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.

  • Flavia Cheong

    Head of Equities - Asia Pacific ex Japan, Aberdeen Asset Management Asia

    Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

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

  • Pruksa Iamthongthong

    Investment Manager

    Pruksa Iamthongthong is an Investment Manager on the Asian Equities team. Pruksa joined Aberdeen in 2007.

    Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA Charterholder.

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

  • Adrian Lim

    Investment director

    Adrian Lim is a senior investment manager on the Asia Pacific (ex Japan) equity team. Adrian originally joined Aberdeen in 2000 as a manager in private equity, on the acquisition of Murray Johnstone, but transferred to his current post soon afterwards. Previously, Adrian worked for Arthur Andersen LLP as an associate director advising clients on mergers & acquisitions in the region.

    Adrian graduated with a BAcc from Nanyang Technological University, Singapore. He is a CFA Charterholder.

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

  • Hugh Young

    Managing Director, Aberdeen Asset Management Asia

    Hugh Young is a Director of Aberdeen Asset Management PLC and Managing Director of the Group's Asian business. He has overall responsibility for the Group’s active equity, fixed income and property capabilities. Hugh joined Aberdeen in 1985 to manage Asian equities from London, having previously held posts at Fidelity International and MGM Assurance. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally.

Financial calendar

Event Date
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. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
Read the detailed risk warning 
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