TRUST WATCH

Aberdeen New India Investment Trust

WHAT IS IT?

THE trust, run by Aberdeen Standard Investments, focuses on a portfolio of Indian companies.

WHAT DOES THE MANAGER INVEST IN?

Aberdeen’s Asian equities team mainly invests in consumerfocused and financial companies which stand to benefit from the growing affluence of India’s expanding middle class. Its biggest holdings include Hindustan Unilever, which owns the Knorr and Dove brands in India, Kotak Mahindra Bank and IT firm Infosys.

WHAT DO THE EXPERTS LIKE?

Tom Stevenson, investment director at Fidelity Personal Investing, says: ‘In terms of GDP per capita, India is where China was about 12 years ago. But it has a highly educated workforce with millions of new graduates each year.’

The trust is also trading at a 9.5pc discount to its underlying value, meaning investors are buying a pound’s worth of value for 90p.

ANY DOWNSIDES?

Stevenson says a lot of the positivity surrounding India is already priced into the market, while the portfolio is relatively concentrated, meaning its performance depends on just a handful of firms.