ABRDN NEW INDIA INV TRUST PLC ORD GBP0.25

Symbol: ANII

Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 1st Dec 2019 to 1st Dec 20203.42%
  • 1st Dec 2020 to 1st Dec 202125.26%
  • 1st Dec 2021 to 1st Dec 2022-8.20%
  • 1st Dec 2022 to 1st Dec 20236.43%
  • 1st Dec 2023 to 1st Dec 202433.56%

Key Information

Benchmark MSCI India
Sector IT India/Indian Subcontinent
Gearing 111%
Ex-Dividend Date Unknown
Dividend Pay Date Unknown
Total Dividends - Year to Date0
Dividend Yield (%)0

Net Asset Value (Nav)

Latest actual NAV 991.68
Latest actual NAV date 28/11/2024
NAV frequency Daily
Premium/Discount -19.73%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.004%
Performance Fee 0%
AMC 1.00%
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here
0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.004%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

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.

Financial Summary

BRIEF: For the fiscal year ended 31 March 2024, abrdn New India Investment Trust PLC revenues increased from -£30M to £111.3M. Net income totaled £91M vs. loss of £34.3M. Revenues reflect Gains/(losses) on investments held at fa increase from -£35.7M to £106.8M, Interest increase of 89% to £181K, Currency losses increase of 7% to -£403K. Net Income reflects Directors fees decrease of 9% to £135K (expense).

Performance

  • Chart Options

    Select Timeframe Add a sector as a comparator Add an index as a comparator Add a share as a comparator

      Add a moving average as a comparator Add a lower indicator as a comparator Chart Style Current Comparators

      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      6.42% 0.51% 6.13% 33.56% 30.49% 69.03%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      145,958 bytes PDF Document; last updated 31 Oct 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      246,624 bytes PDF Document; last updated 03 Oct 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      3,300,402 bytes PDF Document; last updated 31 Mar 2024
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,741,880 bytes PDF Document; last updated 30 Sep 2023

      Management Team

      Asian Equities Team has managed this fund for 19 years and 11 months.

       Asian Equities Team There is currently no biography information for Asian Equities Team.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Asian Equities Team

      Name of Security Sole/Co Managed Since
      Abrdn Asian Inc LTd Ord NPV Sole Dec 2005
      Asia Drgn Tst plc O20p Sole Sep 1987

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/03/2024

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      Total Revenue 111.31 -29.98 49.80 144.65 -69.29 31.08
      Gross profit 107.98 -33.57 46.15 141.56 -72.46 28.31
      Operating Profit/Loss 107.38 -34.29 45.54 141.03 -72.94 27.50
      Profit Before Tax 104.84 -35.60 45.25 140.70 -73.25 27.28
      Profit After Tax 91.02 -34.27 40.59 126.62 -70.97 24.75
      Equity Holders of Parent Company 91.02 -34.27 40.59 126.62 -70.97 24.75
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/03/2024

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      Total Non-Current Assets 465.79 391.37 439.88 401.67 264.64 326.67
      Total Current Assets 8.86 10.89 11.93 3.12 8.61 6.81
      Total Assets 474.64 402.26 451.81 404.79 273.26 333.48
      Total Liabilities 47.59 44.35 47.82 38.68 31.67 19.28
      Total Net Assets 427.05 357.92 404.00 366.11 241.58 314.20
      Shareholders Funds 427.05 357.92 404.00 366.11 241.58 314.20
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 427.05 357.92 404.00 366.11 241.58 314.20

      Investment involves risk. You may get back less than invested.