NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Collective Investment Vehicles
Under SEBI's regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), which statement is correct?
REITs and InvITs are trust-based pooled investment vehicles that hold income-generating real estate or infrastructure assets. Their units are listed and traded on stock exchanges, so investors exit by selling in the market rather than by redeeming at NAV daily.
- AThey are pooled vehicles whose units are listed and traded on stock exchangesCorrect
- BThey cannot be listed
- CThey may be offered only to the Portfolio Managers
- DThey are open-ended with redemption at NAV daily
Explanation
REITs and InvITs pool money to invest in income-generating real estate or infrastructure assets and issue units that are listed and traded on exchanges. They are not redeemed daily at NAV, so option D is wrong.
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