- Firstly InvITs were required to pay non-refundable filing fees of 0.1 percent of the total issue size but now after amending the rules InvITs are required to pay non-refundable filing fees of 0.1 percent in the category of the initial offer and 0.05 percent in the case of rights issue of the total issue size.
- Though InvITs are relatively new investment instruments in India but extremely popular in global markets.
- According to present data, a total of Rs 21,195 crore was collected through InvITs in 2021-22.
- The funds were raised in many ways like the initial offer, preferential issue, institutional placement, and rights issues.
- As of now, 15 InvITs are registered with Sebi and from which 7 of them are listed on the stock exchanges.
- Static Part
- InvIts (Infrastructure Investment Trusts)
- InvITs are nothing but similar to mutual funds, which pool investments from various categories of investors and invest them into completed and revenue-generating infrastructure projects,
- They have been regulated under the Sebi (Infrastructure Investment Trusts) Regulations, 2014, and the Indian Trust Act, 1882.
- Structure of InvIT:
- Like mutual funds, they have a trustee, sponsor, investment manager, and project manager.
- The trustee was given responsibility for inspecting the performance of an InvIT.
- Basically, sponsors are promotors of the company that set up the InvIT.
- The investment manager is looking after the task of supervising the assets and investments of the InvIT.
- Finally project manager was entrusted with the execution of the project.
Question:
Q.1 According to new norms of SEBI, InvITs should pay_____ percent of nonrefundable fees in case of the initial offer.
a. 1.0%
b. 0.5%
c. 0.1%
d. 1.2%
a. 1.0%
b. 0.5%
c. 0.1%
d. 1.2%
