NSE Indices launches India’s first-ever REITs and InvITs index

NSE Indices launches India’s first-ever REITs and InvITs index: NSE Indices Ltd, an arm of the National Stock Exchange, has launched the country’s first-ever Real Estate Investment Trusts and Infrastructure Investment Trusts index -Nifty REITs and InvITs Index.

April 2023 Current Affairs Quiz

Aim: To track the performance of REITs and InvITs that are publicly listed and traded on the NSE.

The weights of securities within the index are based on their free-float market capitalisation subject to a security cap of 33% each. The average weight of top 3 securities is capped at 72%.

The Nifty REITs and InvITs Index has a base date of July 1, 2019, and a base value of 1,000. The index will be reviewed and rebalanced on a quarterly basis. A Real Estate Investment Trust (REIT) or an Infrastructure Investment Trust (InvIT) is an investment vehicle that owns revenue-generating real estate or infrastructure assets.