The value of REITs, InvITs, and municipal bonds will exceed the value of goods and services produced by the corporate sector.
Mumbai: Sebi chief Madhabi Puri Buch on Wednesday said the total value of (real estate investment trusts), (infrastructure investment trusts) and municipal bonds ecosystem would soon match the country's gross domestic product (GDP).Speaking at the conference on Wednesday, she said the value of India's today is about "one time GDP".
The value of REITs, InvITs, and municipal bonds will exceed the value of goods and services produced by the corporate sector.
Buch said the regulator would focus on facilitating smaller units of REITs and InvITs ownership. "These products were considered sort of high-risk and therefore the minimum entry price was kept high. We have steadily brought it down and the intentionis to bring it down even further," said Buch.
"Making it very much affordable, as I often like to refer, this is the 'sachetisation' of financial products that we need to do and with a very small amount. Somebody should be able to go and own a fractional ownership of these assets."
Buch also said Sebi is delighted that government of India bonds will now be part of the global indices as it would enable passive investments to come into the country.
Source: Stocks-Markets-Economic Times