New World Fund Inc

What is New World Fund Inc.?

New World Fund Inc. is an American mutual fund established on 17th June 1999, by Capital Group. This fund scheme focuses on investing in common stocks and equity-related securities of qualified developing securities. The unique feature of this fund is to provide emerging market-like returns with developed markets-like volatility. 

As of 31st March 2025, the fund has a (NAV) net asset value of $79.87 and total assets worth $61,857.8 million. The fund also has an expense ratio of 0.98% and is managed by a team of 12 portfolio managers. 

New World Fund Inc. - Key Details and Fund Facts

Investment Objective

The primary objective of  New World Fund Inc. is to offer long-term capital appreciation with minimized risk. 

Asset Mix 

Non-U.S. Equities hold a 73.4% stake in the fund's total assets. The U.S. equities follow it with a 19.4% stake. The remaining portion is distributed among non-U.S. Bonds (3.7%) and cash & equivalents (3.5%). 

Investment Restrictions

New World Fund Inc. must invest at least 35% of its assets in securities of issuers based in a qualified developing country. 

Investment Type 

The fund is allowed to invest in common stocks, corporate & government bonds, and cash and cash equivalents. 

Market Capitalization Distribution

The New World Fund Inc. portfolio is distributed across different market capitalizations. 89.4% of the fund’s portfolio is concentrated in the large-cap segment, 9.5% is in the medium-cap segment, and the remaining 1.1% is in the small-cap segment. 

New World Fund Inc. Portfolio Analysis

The New World Fund Inc. portfolio consists of 13 listed companies with a total net worth of ₹32,816.66 crore. The companies included in the fund’s portfolio represent various sectors of the stock market, with the healthcare sector leading with a 30.9% share. After healthcare comes finance (17.1%), followed by real estate (16.2%), FMCG (13.7%), Banking (7.5%), IT (7.2%), iron and steel (3.17%), and automobiles (3.6%). 

As of April 2025, the fund has made notable changes to its portfolios in recent updates. On the buying side, the fund has raised stakes in its existing holdings, including TVS Motor, Coforge Ltd., Eicher Motors, Shriram Finance, and Macrotech Developers. However, the New World Fund Inc. has also sold stakes in various stocks in April 2025. These include Cholamandlam Investments, AU Small Finance Bank, BSE Ltd, PB Fintech, Max Healthcare, and Varun Beverages. 

New World Fund Inc. Networth Trend 

The networth graph of New World Fund Inc. indicates an overall upward movement in the fund’s networth. According to the data, as of December 2015, the total value of the fund’s portfolio was ₹5,090.01 crore. In June 2017, this value stood at ₹1,778.6 crores, registering a decline of 65.057%. However, since June 2017, New World Fund Inc. has experienced an overall increase in its networth.

In June 2018, the fund registered a net worth of ₹6,884.3 crores, which increased to ₹9,159.6 crores in September 2019. By September 2022, it had grown to a value of ₹18,17.4 crores.  In March 2023, the fund’s portfolio value was ₹17,206.7 crores. Thereafter, the net worth grew by 11.88%, 17.37%, 16.90%, and 13.24% in each subsequent quarter.