Reits, Invits, Muni bonds could surpass equity, debt

In the last nine months, ₹3.3 tn has been raised in equity, and it is expected to reach a total of ₹4.3 tn by year-end

- Neha Joshi

Fundraises through real estate and infrastructure investment trusts, along with municipal bonds, could surpass capital mobilized through equities and debt over the next decade, India's market regulator's chair Madhabi Puri Buch said on Friday in her first public appearance in about three months.

"The growth is so substantial that it could exceed the capital pumped in from equity and debt markets," said Buch, chairperson of the Securities and Exchange Board of India (Sebi), referring to the ₹3.3 trillion raised through equity and ₹7.3 trillion via debt in the last financial year.