Fund managers build dedicated Reit, InvIT portfolios as market deepens

India's Reit and InvIT market is deepening with asset and wealth managers launching dedicated mutual funds, AIFs and portfolio management services for these asset classes. The listed Reit/InvIT universe now has 32 trusts with combined AUM of about 10 trillion rupees, projected to double to over 20 trillion rupees by 2030 per an Avendus Capital report. Edelweiss Mutual Fund is set to launch a Nifty REITs and Realty Index Fund on 5 August, while Neo Wealth recently launched a 1,000 crore rupee Category III AIF focused on Reits and InvITs, reflecting rising institutional and HNI interest.