Who can invest in an InvIT?

Institutional investors, HNIs, and retail investors (if listed) can invest. Minimum investment amounts vary by offer type.

What is the minimum asset size for an InvIT?

The value of assets held by an InvIT shall be at least ₹500 Crores (subject to specific SEBI updates).

How are returns distributed?

At least 90% of the Net Distributable Cash Flows (NDCF) must be distributed to unit holders at least semi-annually.

Is an InvIT listed on stock exchanges?

Yes, InvITs can be listed on the BSE and NSE to provide liquidity to investors, similar to equity shares.

What is the role of the Trustee?

The Trustee oversees the activities of the Investment Manager and ensures the protection of unit holders' interests.

Can an InvIT invest in under-construction projects?

Yes, but there are limits. Usually, at least 80% of the value must be in completed and income-generating assets.

How long does the registration take?

Given the complexity and asset valuation involved, it usually takes 4 to 6 months.

Service

SEBI InvIT Registration

End-to-end consulting for InvIT registration. We handle Trust setup, Investment Manager licensing, and SEBI filing for infrastructure funds.

Monetizing India's Infrastructure

End-to-end consulting for InvIT registration. We handle Trust setup, Investment Manager licensing, and SEBI filing for infrastructure funds.

Register an Infrastructure Investment Trust (InvIT) with SEBI to pool capital for infrastructure projects and provide stable returns to investors.

Unlock the value of infrastructure assets. Create an InvIT to monetize income-generating assets and raise capital for new projects.

Infrastructure Investment Trusts (InvITs) are collective investment vehicles similar to Mutual Funds, but they invest in income-generating infrastructure projects. They allow developers to monetize completed projects and reinvest the capital in new ones, while providing investors with a share of the cash flows.

InvITs are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014. They can be structured as either publicly offered (listed) or privately placed (unlisted) trusts. The primary goal is to provide long-term, stable yields to investors through regular distributions.

QuickTaxperts provides technical assistance in setting up the Trust, drafting the Indenture, and managing the multi-layered registration process with SEBI.

Category: Financial Services
Minimum 90% of net distributable cash flows must be distributed to investors.
Investment in at least 80% completed and income-generating assets.
Tax pass-through status for certain income components.
Independent Valuers must perform periodic asset valuations.
Mandatory for public and private infrastructure pooling
Registration under SEBI (InvIT) Regulations, 2014
Enables listing on Stock Exchanges for liquidity
Strict requirements for Asset Quality and Cash Flows

The Four Pillars of an InvIT

Essential parties for a valid Trust setup.

Sponsor: The entity that sets up the InvIT and transfers the initial infrastructure assets.
Trustee: A SEBI-registered entity that holds the assets for the benefit of unit holders.
Investment Manager: Responsible for making investment decisions and managing the Trust's assets.
Project Manager: Handles the day-to-day operation and maintenance of the infra projects.

Documents required

Document requirements vary by entity type, state, premises, and authority. These are the usual groups we verify before submission.

InvIT Filing Checklist: Trust Indenture registered under the Registration Act, 1908.; MoA/AoA of the Sponsor, Investment Manager, and Project Manager.; Audited Financial Statements for the last 3 years of the Sponsor.; Valuation Report of the proposed infrastructure assets.; Draft Offer Document or Placement Memorandum.; Details of the Project Manager's experience in infra projects.; Networth Certificates and KYC of all key parties.

Process and timeline

Trust Formation: Setting up the Trust with a SEBI-registered Trustee and executing the Indenture.
Asset Valuation: Engaging an independent valuer to determine the fair value of initial assets.
Application Filing: Submitting the formal application to SEBI for InvIT registration.
SEBI Inspection: Verification of asset quality, cash flow projections, and party credentials.
Registration Grant: Obtaining the SEBI registration number to commence operations or listing.

Expert review

SEBI InvIT Registration content is reviewed by QuickTaxperts Corporate Finance Team, Infrastructure Compliance Specialists.

Checklist-led review
Document pre-verification
Authority-specific next steps

Frequently asked questions

These quick answers cover common planning questions before you request a checklist or quote.

What is an InvIT?: It is a trust that pools money from investors to invest in income-generating infrastructure projects like highways, power transmission lines, etc.
Who can invest in an InvIT?: Institutional investors, HNIs, and retail investors (if listed) can invest. Minimum investment amounts vary by offer type.
What is the minimum asset size for an InvIT?: The value of assets held by an InvIT shall be at least ₹500 Crores (subject to specific SEBI updates).
How are returns distributed?: At least 90% of the Net Distributable Cash Flows (NDCF) must be distributed to unit holders at least semi-annually.
Is an InvIT listed on stock exchanges?: Yes, InvITs can be listed on the BSE and NSE to provide liquidity to investors, similar to equity shares.
What is the role of the Trustee?: The Trustee oversees the activities of the Investment Manager and ensures the protection of unit holders' interests.
Can an InvIT invest in under-construction projects?: Yes, but there are limits. Usually, at least 80% of the value must be in completed and income-generating assets.
How long does the registration take?: Given the complexity and asset valuation involved, it usually takes 4 to 6 months.