InvITs and REITs: Growth in India’s Trust AUM
Why in the news
A Knight Frank India report showed combined InvIT and REIT assets under management rising fast, past $94 billion in FY25.
InvITs versus REITs
| Feature | InvIT | REIT |
|---|---|---|
| Invests in | Roads, power lines, renewables, pipelines | Offices, malls, hotels, warehouses |
| Regulation | SEBI InvIT Regulations, 2014 | SEBI REIT Regulations, 2014 |
| Payout | At least 90% | At least 90% |
Key facts
- Both are pooled vehicles; InvIT returns come from tolls, tariffs, annuities and usage fees.
- REITs let small investors enter real estate without buying property.
- Units are listed, giving liquidity and transparency.
Exam angle
- Regulator: SEBI; payout: 90% of net distributable cash flows.