Infrastructure Investment Trusts (InvITs)
Structure and Financing Role
An Infrastructure Investment Trust (InvIT) is a collective investment scheme that pools investor funds to invest in infrastructure assets such as roads, highways, power transmission lines, gas pipelines, renewable energy projects, and telecom towers. InvITs are regulated by SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. Like REITs, InvITs are listed on stock exchanges and are required to distribute a minimum portion of cash flows to unit-holders. InvITs have become a significant instrument for infrastructure asset monetisation, allowing developers to recycle capital by selling operational assets into InvIT structures while retaining management control.
- Regulated by SEBI under SEBI (Infrastructure Investment Trusts) Regulations, 2014 (as amended)
- Must be listed on recognised stock exchanges
- At least 80% of assets must be in completed, revenue-generating infrastructure projects (under new RBI framework)
- National Infrastructure Pipeline (NIP) and National Monetisation Pipeline (NMP) identify InvITs as key vehicles for asset monetisation
- SEBI (InvIT) Amendment Regulations, 2025 came into effect April 1, 2025
● Tracked since February 09, 2026 · last seen June 10, 2026 · updates as the daily brief publishes