Which is NOT correct about Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvITs)?
(A) REITs and InvITs are regulated by RBI
(B) Banks will be allowed to invest in REITs and InvITs
(C) Mutual funds are allowed to invest in REITs and InvITs
REITs and InvITs are regulated by SEBI An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector. A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate. Modeled after mutual funds, REITs provide investors of all types regular income streams, diversification and long-term capital appreciation.