NSE Indices Ltd, a subsidiary of the National Stock Exchange, introduced India’s first-ever Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) index — Nifty REITs and InvITs Index. The index aims to track the performance of publicly traded REITs and InvITs on the NSE.  

REITs invest in real estate projects, while InvITs invest in long-gestation infrastructure projects, offering investors exposure to diversified assets, diversification of risk, and regular income. The weights of the index’s securities will be based on their free-float market capitalisation, subject to a security cap of 33 per cent each, and the aggregate weight of the top three securities is capped at 72 per cent. 

The Nifty REITs and InvITs Index has a base value of 1,000 and will be reviewed and rebalanced quarterly. According to NSE Indices CEO Mukesh Agarwal, REITs and InvITs are recognized as strong alternative financial instruments to raise funds against cash generating infrastructure and real estate projects, providing investors with a diversified exposure to real estate or infrastructure assets apart from traditional asset classes like equity, debt, and gold.