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SEBI Eases Norms for Private InvITs, REITs and Portfolio Managers

11 September 20251 min read
BANKING & FINANCESEBI Eases Norms forPrivate InvITs, REITsand PortfolioManagers11 September 2025safalsetu.com

Why in the news

SEBI notified amendments to simplify InvIT, REIT and portfolio manager rules and align primary and secondary market norms.

Key facts

  • Holdco: may offset its own negative cash flows before passing on SPV cash flows, with disclosure to unitholders.
  • Reporting: quarterly and valuation reports follow financial results timelines.
  • Public status: units of QIB-related parties now count as public.
  • Portfolio managers (professionals managing client investments) get simplified disclosure documents, supplied before the client agreement.
AreaEarlierNow
Private InvIT lotRs 1-25 crore by asset mixRs 25 lakh, matching secondary market lot
Holdco distribution100% of SPV cash flowsOwn losses offset first

Exam angle

  • Private InvIT lot: Rs 25 lakh; regulator: SEBI.

Test yourself

1. SEBI reduced the minimum allotment lot for privately placed InvITs to what amount?

The lot was cut to Rs 25 lakh from Rs 1-25 crore.

2. Under SEBI's amended rules, which certificate must portfolio managers give along with the disclosure document before a client agreement?

A Form C certificate is required along with the Board-specified format.

3. Under the SEBI amendments, related-party units of REIT/InvIT sponsors count as public only if holders are what?

They are not public unless they are QIBs.

This topic is part of Daily Current Affairs 11 September 2025 (20 topics).

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