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About the company
abrdn New India Investment Trust plc is an investment trust. The Company's investment objective is to provide shareholders with long-term capital appreciation by investment in companies, which are incorporated in India, or which derive revenue or profit from India, with dividend yield from the Company being of secondary importance. The Company primarily invests in Indian equity securities. It may also invest in open-ended collective investment schemes and closed-end funds which invest in India and are listed on the Indian stock exchanges. It invests not more than 15% of its gross assets in other listed investment companies. It invests in various sectors, such as financials, information technology, consumer staples, materials, health care, real estate, industrials, utilities, consumer discretionary, communication services and energy. abrdn Asia Limited acts as the investment manager of the Company.
- Revenue in GBP (TTM)111.31m
- Net income in GBP91.02m
- Incorporated1994
- Employees0.00
- LocationAbrdn New India Investment Trust plcBow Bells House, 1 Bread StreetLONDON EC4M 9HHUnited KingdomGBR
- Websitehttps://www.aberdeen-newindia.co.uk/
Profile
Management group(s) | abrdn Fund Managers Limited |
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AIC sector | India/Indian Subcontinent |
ISIN | GB0006048770 |
Launch date | 09 Dec 2004 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The Company aims to provide shareholders with long term capital appreciation by investment 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. The Company primarily invests in Indian equity securities.
Managed by
James Thom, Pruksa Iamthongthong, Rita Tahilramani |
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Management & contract fees
Management fee of 0.80% p.a. of the NAV, up to GBP 300m, and 0.60% above GBP 300m. Agreement terminable on notice period of 6 months.
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Fidelity Asian Values PLC | 6.02m | -5.81m |
Mid Wynd International Invest Trust PLC | 54.84m | 52.07m |
Georgia Capital PLC | 50.65m | 48.81m |
RTW Biotech Opportunities Ltd | 3.93m | 104.06m |
Henderson Far East Income Limited | -1.18m | -10.35m |
JPmorgn Glbl Emrgng Mrkts Incm Trust PLC | -1.91m | -10.03m |
Tatton Asset Management PLC | 36.81m | 12.92m |
Dunedin Income Growth Investmnt Trst PLC | 44.27m | 39.13m |
abrdn New India Investment Trust PLC | 111.31m | 91.02m |
North American Income Trust PLC | 61.93m | 54.54m |
JPmorgan Claverhouse Investment Trst PLC | 64.45m | 59.70m |
Octopus Apollo VCT PLC | 11.03m | -435.00k |
Mortgage Advice Bureau (Holdings) PLC | 245.92m | 10.74m |
Utilico Emerging Markets Trust PLC | 70.53m | 57.89m |
Pensionbee Group PLC | 28.32m | -5.17m |
Abrdn Asia Focus PLC | 28.10m | 15.64m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
City of London Investment Management Co. Ltd.as of 23 May 2024 | 7.23m | 14.07% |
Lazard Asset Management LLCas of 31 Mar 2024 | 6.98m | 13.57% |
Interactive Investor Services Ltd.as of 31 Mar 2024 | 5.55m | 10.81% |
Abrdn Asia Ltd.as of 19 Jul 2024 | 4.88m | 9.48% |
Allspring Global Investments LLCas of 31 Mar 2024 | 3.14m | 6.11% |
1607 Capital Partners LLCas of 31 Mar 2024 | 2.14m | 4.16% |
Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Jul 2024 | 1.92m | 3.73% |
Hargreaves Lansdown Asset Management Ltd.as of 01 Jul 2024 | 1.54m | 2.99% |
Thornbridge Investment Management LLPas of 30 Jun 2023 | 634.32k | 1.23% |
Legal & General Investment Management Ltd.as of 01 Jul 2024 | 555.00k | 1.08% |