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.
Cumulative performance
| Period | Trust | MSCI India Index |
|---|---|---|
| 1M | +0.60% | +0.20% |
| 3M | -7.60% | -7.90% |
| 6M | -15.30% | -13.00% |
| 1Y | -15.90% | -10.00% |
Annualised performance
| Period | Trust, a year at a time | MSCI India Index |
|---|---|---|
| 3Y | +25.60% | +15.60% |
| 5Y | +24.20% | +37.90% |
| 10Y | +108.50% | +153.30% |
Top holdings · top 10: 45.10%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | ICICI Bank | 8.20% | |
| 2 | HDFC Bank | 7.50% | |
| 3 | Bharti Airtel | 6.70% | |
| 4 | Mahindra & Mahindra | 5.30% | |
| 5 | Hindalco Industries | 3.20% | |
| 6 | SBI Life Insurance | 3.20% | |
| 7 | J B Chemicals & Pharmaceuticals | 2.90% | |
| 8 | Bajaj Finance | 2.90% | |
| 9 | Aegis Logistics | 2.70% | |
| 10 | Phoenix Mills | 2.50% |
Portfolio breakdown
| Financials | 30.90% | |
| Consumer Discretionary | 14.70% | |
| Health Care | 9.10% | |
| Materials | 8.90% | |
| Industrials | 8.60% | |
| Communication Services | 7.80% | |
| Energy | 5.80% | |
| Information Technology | 4.40% | |
| Real Estate | 3.90% | |
| Consumer Staples | 3.10% | |
| Utilities | 1.60% | |
| Cash | 1.20% |
Key facts
- Stock market ticker
- ANII
- ISIN
- GB0006048770
- Benchmark
- MSCI India Index
- Currency
- GBP
- Launched
- 1 Feb 1994
- Total assets
- £339.4m
- Management fee
- 0.80%
- Cash held
- -0.30%
What the manager said
The MSCI India Index rose 0.22% in Sterling terms in May, underperforming regional and global peers against a backdrop of persistent foreign outflows and risk-off sentiment. Foreign institutional selling remained a key drag, exacerbated by MSCI index rebalancing, while concerns around a weaker monsoon outlook following the Indian Meteorological Department's downward revision of its forecast added to the cautious tone. Broader market sentiment was also shaped by ongoing geopolitical tensions and their implications for oil prices, currency stability and external balances.
Crude prices eased on optimism around a potential US-Iran resolution at the time of writing, offering some relief at the margin, while the domestic earnings season surprised positively with a higher proportion of companies beating expectations. Macro data remained broadly supportive: headline inflation edged up marginally to 3.48% in April from a relatively low base in prior months, while manufacturing momentum stayed resilient.
On the political front, the ruling Bharatiya Janata Party secured a decisive victory in the West Bengal state elections, reinforcing policy continuity.
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 May 2026 | View original factsheet ↗ |