If you are thinking of investing somewhere in the coming days, then you can also invest money in this option offered by the government. With this you can become a business partner of the government.
If you are thinking of investing somewhere in the coming days, then you can also invest money in this option offered by the government.
If you are thinking of investing somewhere in the coming days, then you can also invest money in this option offered by the government. With this you can become a business partner of the government. You can invest in InvIT bonds for this. In this you have to invest at least 10 thousand rupees. Under this, you will get higher returns than banks. In this, you will get interest at the rate of 8.05 percent per annum.
Nitin Gadkari told historical
Union Road Transport and Highways Minister Nitin Gadkari tweeted that the listing of InvIT NCD on Bombay Stock Exchange is historic. Because this will bring a new dawn of public participation in infra funding. Gadkari said on Twitter that he has reserved 25 per cent NCDs for retail investors. He added that round two of InvIT has been oversubscribed 7 times within just seven hours of its opening. This gives an interest of 8.05 percent per annum with great reliability.
Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000/-. pic.twitter.com/Sf2W0YWMZK
— Nitin Gadkari (@nitin_gadkari) October 28, 2022
Gadkari said that InvIT Bonds are a great opportunity to realize Prime Minister Narendra Modi’s vision of a self-reliant India. He said that huge investment in infrastructure, especially roads, is crucial for the socio-economic development of our country and he is confident that more retail investors will participate in the next round and gradually overtake the institutional investors.
What are InvITs?
Infrastructure Investment Trusts (InvITs) are like mutual funds, through which potential individual/institutional investors in infrastructure can invest small amounts directly to earn a small portion of the income in the form of returns. InvITs work like mutual funds or real estate investment trusts.
InvITs can be set up as trusts and registered with SEBI. An InvIT consists of four things: 1) Trustee, 2) Sponsor, 3) Investment Manager, 4) Project Manager.
The trustee monitors the performance of InvIT. It is certified by SEBI. He cannot be a sponsor or an associate of the manager. Sponsors are those people who can promote and refer any organization or corporate entity with a capital of Rs.100 crores. These are the institutions that start InvIT. An investment manager is an entity or Limited Liability Partnership (LLP) or entity that supervises the assets and investments of InvIT. A project manager is a person who acts as a project manager and whose job is to implement the project in case of PPP projects.
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