Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,440.27
    +1,265.56 (+2.52%)
     

  • CMC Crypto 200

    1,367.90
    +55.28 (+4.22%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

SEBI to allow mutual funds to invest in REITs, InvITs

Reuters
An employee counts Indian rupee notes inside a private money exchange office in New Delhi July 5, 2013. REUTERS/Adnan Abidi/Files

NEW DELHI (Reuters) - Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments.

The Securities and Exchange Board of India (SEBI) had been working on easing regulations on REITs and InvITs to woo more investors to India's capital-starved property sector.

A fund would not be able to invest more than 5 percent of its net asset value in units of a single issuer of REIT or InvITs, the regulator said in a statement.

The maximum allowed investment in the alternative instruments by a single fund would be capped at 10 percent, it added.

ADVERTISEMENT

REITs or InvITs are listed entities that invest in rent-yielding assets and distribute most of their income to shareholders as dividends.

The decisions were taken during SEBI's board meeting in western Indian city of Jaipur.

(Reporting by Aditya Kalra and Abhirup Roy; Editing by Tom Lasseter)