INVITs

What are INVITs?

Infrastructure Investment Trusts (InvITs full form), are listed on different trading platforms (in the form of Units) like stock exchanges and are a wholesome combination of equity and debt instruments.

The primary objective of InvITs is to promote the infrastructure sector of India by encouraging more individuals to invest in it which can be modified according to a given situation. Typically, such a tool is designed to pool money from several investors to be invested in income-generating assets. The cash flow thus generated is distributed among investors as dividend income. When compared to Real Estate Investment Trusts or REITs, the structure and operation of both are quite similar.

Types of INVITs

Through InvITs, individuals can park their funds into infrastructure projects in two ways, i.e. either directly or through particular purpose vehicles, thus classifying them into two different types:

Investment in Revenue-generating Finished Projects – One of the types allows investment in revenue-generating finished projects and tends to invite investors through a public offering.

Investment in Projects Under Construction – Additionally, investors are also allowed to invest in projects that are under construction or have been finished. Notably, this type opts for a private placement of its units.

What is the Purpose of INVITs?

The purpose of InvITs is to enable Infrastructure Companies to repay their debt obligation quickly and effectively. Since infrastructure-oriented projects tend to take time to generate substantial cash flow, InvITs come in handy for paying off loan interests and other expenses conveniently.

What are the Advantages of InvITs?

Though InvITs were regarded as one of the most expensive investment avenues previously, they tend to offer several benefits to investors.

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