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Infrastructure Investment Trusts (InvITs) are SEBI-regulated vehicles that pool capital to invest in operational infrastructure assets such as roads and power. They allow developers to monetize assets while providing investors with stable, periodic distributions; the regulations mandate the distributing at least 90% of net cash flows. As of March 2026, India has 28 registered InvITs, with assets under management projected to triple by 2030. Governance is ensured through strict leverage limits (70%), mandatory valuations, and unitholder rights. Despite rapid growth, InvITs face sector-specific risks and represent only ~1.5% of India’s GDP compared to mature global markets.
1. INTRODUCTION TO INVIT
Infrastructure Investment Trusts ("InvITs") are investment vehicles established to facilitate investment in completed and revenue-generating infrastructure assets. Regulated under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, InvITs enable the pooling of capital from institutional and retail investors for investment in infrastructure sectors such as roads, power transmission, renewable energy, telecom, pipelines, and logistics. They provide infrastructure developers with an efficient mechanism to monetize operational assets and
