MUMBAI: Markets regulator Sebi on Thursday issued a consultation paper proposing to increase the amount of funds a mutual fund scheme can invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). It also asked for suggestions if REITs and InvITs could be categorised as ‘equity-related instruments‘, a departure from the current ‘hybrid’ status. Sebi proposed that while equity funds may invest up to 20% of a scheme’s assets in the units of REITs, InvITs, debt funds should maintain the same at a 10% level. TNN
