Why in News?
Edelweiss Mutual Fund is launching the Edelweiss Nifty REITs & Realty Index Fund, India's first passive fund focused on Real Estate Investment Trusts. The subscription window runs from August 5 to August 19, 2026.
Key Points
- The fund tracks the Nifty REITs & Realty Total Return Index, with roughly 60% in Indian REITs and 40% in realty stocks.
- A REIT owns, operates, or finances income-generating real estate, letting small investors earn dividends without buying property directly.
- The scheme excludes InvITs because SEBI classifies REITs as equity and InvITs as hybrid instruments.
- A 15% cap per security prevents concentration in any single holding, and the minimum subscription is ₹100.
Exam Connect
- SEBI → statutory body + established April 12, 1992 → headquarters in Mumbai → regulates the securities market and protects investor interests
- REIT → first Indian REIT listed in 2019 (Embassy Office Parks REIT) → InvITs are classified as hybrid instruments by SEBI