INSUBCONTINENT EXCLUSIVE:
?9,000 crore in such units in the first nine months of the year
Fund managers have infused ?451 crore in real estate investment trusts (REITs) and ?8,528 crore in infrastructure investment trusts
(InvITs), according to the Securities and Exchange Board of India (Sebi).
Mutual funds have increased their exposure in these investment
avenues over the past nine months
The investment by fund houses in REITs jumped to a staggering ?69 crore in September from a mere ?7 crore in January, while the same in
InvITs rose to ?1,034 crore in September from ?611 crore in January.
Recently, Sebi chairman Ajay Tyagi, who met scores of foreign investors
in the US, witnessed a keen interest among them for REITs and InvITs.
During the meeting, the participants were enthusiastic about emerging
areas such as REITs and InvITs, which have more than $10 billion asset size as on date.
Sebi first issued the guidelines for REITs and
InvITs in 2014, and revised them in 2016 and 2017.
