Portfolio Update

New India Investment Trust PLC
03 January 2007

NEW INDIA INVESTMENT TRUST PLC - 10 LARGEST INVESTMENTS





The company announces that the ten largest investments as at close of business
on 31 December 2006 were as follows:




Assets With Values Over 5% of Gross Assets
NAME                                                                               Market Value       % Ttl Gross
                                                                                                           Assets
SATYAM COMPUTER SERVICES                                                              7,422,032              9.81
ICICI BANK                                                                            7,286,595              9.64
HOUSING DEVELOPMENT FINANCE CPN                                                       7,053,388              9.33
INFOSYS TECHNOLOGIES                                                                  5,320,893              7.04
HERO HONDA                                                                            4,595,701              6.08
GRASIM INDUSTRIES                                                                     3,880,797              5.13
TATA CONSULTING SVS LTD                                                               3,865,327              5.11

Top 10 Portfolio Assets
NAME                                                                               Market Value       % Ttl Gross
                                                                                                           Assets
SATYAM COMPUTER SERVICES                                                              7,422,032              9.81
ICICI BANK I                                                                          7,286,595              9.64
HOUSING DEVELOPMENT FINANCE CPN (HDFC)                                                7,053,388              9.33
INFOSYS TECHNOLOGIES                                                                  5,320,893              7.04
HERO HONDA                                                                            4,595,701              6.08
GRASIM INDUSTRIES                                                                     3,880,797              5.13
TATA CONSULTING SVS LTD                                                               3,865,327              5.11
OIL & NATURAL GAS                                                                     3,196,272              4.23
ABB LTD INDIA                                                                         2,985,164              3.95
SUN PHARMACEUTICAL INDUSTRIES                                                         2,959,861              3.91





Note

The valuation shown above for Tata Consulting Services includes £756,128 for a
holding in CMC, a subsidiary company.





END


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