Fact sheet: New India IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
IT Country Specialists: Asia Pacific
Fund type
Investment Trust
Primary aim
GROWTH
Why Money Observer Rates New India IT

New Rated Fund. A trust for long-term investors

The investment trust structure can be especially useful for specialist, more volatile investments as managers can take a longer term approach. This could be particularly beneficial for those who wish to gain exposure to India, which is expected to become the world's third-largest economy by 2030, behind China and the US.

New India is managed by Adrian Lim of Aberdeen Asset Management's Asian equity team, which has an excellent track record in this part of the world. He aims to minimise market risk by investing in a wide variety of companies across a wide range of sectors, to avoid over-reliance on one area of the market.

Emerging markets have faced considerable headwinds in recent years, but India's economy has held up better than most and the actions of prime minister Narendra Modi since his election in 2014 have generally contributed to the country's progress.

In 2016 India was the fastest-growing major economy in the world. Although the process of reform under Modi could have been faster, Lim believes there are plenty of grounds for optimism about the future.

However, he points out that ongoing uncertainties over global growth, as well as oil price volatility, are likely to continue to impinge on local stock market sentiment.

At the same time, he relies on Aberdeen's bottom-up investment process of seeking and holding quality companies with good fundamentals, strong balance sheets and the earnings power to pay increasing dividends to ensure the trust can outperform in the long term.

3 Year Performance
Fund Performance23.2%
Average of Rated Funds Group47.1%
Sector Performance58.4%
Fund information
Fund name
Aberdeen New India Investment Trust PLC Ord 25P
Fund manager company
Aberdeen Fund Managers Ltd
Fund type
Investment Trust
Fund managers
  • Asian Equities Teamsince 09/12/2004
Accolades
Highly Commended - Best Emerging Markets Trust
Fund 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.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
6.6%
1 Year rank in sector
6/7
Sector
IT Country Specialists: Asia Pacific
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.31%
Fund size
£259m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
124
Mid price
438
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
506.55
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.53
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
JP Morgan Chinese IT plc48%
Fidelity China Spec Sits Plc31.9%
VinaCapital Vietnam Opp27.5%
India Cap Grwth21.2%
Abrdn New Thai IT PLC17.3%
...more in IT Country Specialists: Asia Pacific

Performance snapshot

Holdings snapshot

  • India98.4%
    Money Market1.6%
  • Financials21.3%
    Consumer Staples18.6%
    Materials15%
    Information Technology14.8%
    Health Care12.7%
  • Indian Equities98.4%
    Money Market1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.5%-3.7%-3.9%6.6%23.2%83.3%
Sector-5.8%0.6%8.7%21.2%58.4%111%
Rank within sector5 / 76 / 76 / 76 / 77 / 75 / 7
Quartile3rd4th4th4th4th3rd
Calendar performance
 YTD - 20182017201620152014
Fund-6%25.5%14.9%0.9%54.7%
Sector-1.7%32.5%30.7%-1%35.8%
Rank within sector5 / 75 / 77 / 75 / 72 / 7
Quartile3rd3rd4th3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-8.57
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.26
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
18.89
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
11.98
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.67
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.59
Price movement
52 week high477
52 week low406
Current bid price437
Current offer price439
Current mid price438
Region
1India98.4%
2Money Market1.6%
Industry sector
1Financials21.3%
2Consumer Staples18.6%
3Materials15%
4Information Technology14.8%
5Health Care12.7%
6Consumer Discretionary6%
7Industrials5.5%
8Telecommunications Utilities2%
9Money Market1.6%
Asset type
1Indian Equities98.4%
2Money Market1.6%
Individual holdings
1HOUSING DEVELOPMENT FINANCE CORP8.8%
2HOUSING DEVELOPMENT FINANCE CORP8.8%
3TATA CONSULTANCY SERVICES7.9%
4TATA CONSULTANCY SERVICES7.9%
5ITC CORP4.5%
6PIRAMAL ENTERPRISES LTD4.5%
7PIRAMAL ENTERPRISES LTD4.5%
8HINDUSTAN UNILEVER LTD4.3%
9HINDUSTAN UNILEVER LTD4.3%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Fund Managers Ltd
Fund type
Investment Trust
Fund 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.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Asian Equities Team09/12/2004
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom
Aberdeen New India Investment Trust PLC Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price506.55
CurrencyGBX
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPW
Aberdeen New India Investment Trust PLC Ord 25P
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price437
Offer price439
Mid price438
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQT57
Aberdeen New India Investment Trust PLC Ord NAV
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price506.55
CurrencyGBX
Price updated19/02/2018
Type-
Institutional or retail classRetail
Domicile-
Citi codeEV25
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.