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NSE Index launches India's first REITs and InvITs Index

Published on April 13, 2023
Current Context: NSE Indices Ltd, a subsidiary of NSE, has launched India's first Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvIT) index.
  • A real estate or infrastructure investment vehicle owns revenue-generating assets.
  • The Nifty REITs and InvITs Index aims to monitor the performance of publicly listed real estate or infrastructure assets on the NSE.
  • The securities' weighting within the index is based on their free-float market capitalization, each subject to a margin of safety of 33%.
  • The top three securities' average weighting is limited to 72%. The Nifty REITs and InvITs index's top constituents include Embassy Office Parks REIT (32.9% weight), POWERGRID Infrastructure Investments (20.2%), Mindspace Business Parks REIT (15.3%), and India Grid Trust (15.3%). The index's base date is July 1, 2019, with a base value of 1,000.
  • It will be reviewed and rebalanced quarterly. The United Nations Office for Outer Space Affairs (UNOOSA) organizes events to commemorate the day it was established by resolution 1348 (XIII) of the General Assembly on December 13, 1958.
REITs and InvITs Index
    • Real Estate Investment Trusts (REITs) invest in real estate projects, while Infrastructure Investment Trusts (InvITs) invest in long-term infrastructure projects. These investment vehicles provide investors with a diversified and steady source of income, as well as risk diversification from traditional asset classes like equity, debt, and gold.

National Stock Exchange
    • Established in 1992, the National Stock Exchange (NSE) of India has become the largest financial market in the country and ranks fourth globally in terms of equity trading volume. The NSE was the pioneer in India to introduce a state-of-the-art, fully automated electronic trading system. The Nifty 50 is the key index of the National Stock Exchange of India Limited (NSE).
Securities and Exchange Board of India (SEBI)
    • In compliance with the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India was founded on April 12, 1992. Its primary objectives are to oversee the securities market and safeguard the interests of securities investors.

Question:

Q.1 Who has recently launched India's first REITs and InvITs index?
a. BSE
b. NSE
c. India Inc
d. All of the above
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