5 days ago
InvITs Target ₹20 Trillion Asset Base Beyond Roads, Telecom
InvITs are investment vehicles that help people invest in infrastructure projects.
REITs are similar investment vehicles connected with real estate.
Together, InvITs and REITs reached ₹10 trillion in assets in about nine years.
The first InvIT was launched in 2017.
Mutual funds took 50 years to reach the same amount.
Their milestone came in 2014 after the UTI Act was passed in 1963.
More ordinary investors are now taking part in these investments.
This is happening as more private InvITs become available to the public, while the InvIT asset base is being targeted beyond roads and telecom.
InvITs and REITs together reached ₹10 trillion in assets in around nine years.
The milestone followed the launch of the first InvIT in 2017.
The mutual fund industry took 50 years to reach ₹10 trillion in assets under management.
The mutual fund milestone came in 2014, following the UTI Act’s passage in 1963.
Retail participation in InvITs and REITs is increasing as more private InvITs go public.
- Who
- InvITs, REITs, mutual funds, and retail investors.
- What
- InvITs and REITs reached ₹10 trillion in combined assets, while the InvIT universe is targeting a ₹20 trillion asset base beyond roads and telecom.
- Where
- Not specified in the provided article.
- When
- The first InvIT launched in 2017; InvITs and REITs reached ₹10 trillion in around nine years, while mutual funds reached that level in 2014.
- Why
- The expansion is being supported by growing retail participation and more private InvITs going public.
Key facts
- InvIT asset-base target
- ₹20 trillion beyond roads and telecom
- Combined InvIT and REIT milestone
- ₹10 trillion
- Time to reach milestone
- Around nine years
- First InvIT launch
- 2017
- Mutual fund milestone
- ₹10 trillion in assets under management by 2014
- Mutual fund timeline
- 50 years since the UTI Act was passed in 1963
- Retail participation
- Gathering momentum as more private InvITs go public
Quotes
Venkatesh
Commentator cited in the article discussing the comparative growth of mutual funds, InvITs, and REITs
“The mutual fund industry took 50 years (till 2014) since the passage of the UTI Act in 1963 to come to ₹10 trillion AUM. But InvITs and REITs together reached that milestone in just around nine years since the launch of the first InvIT in 2017”
livemint.com
Sources
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