Latest news with #RealEstateInvestmentTrusts
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Business Standard
9 hours ago
- Business
- Business Standard
REITs rule capital raising; small caps lead realty gains with 17% return
In a rebound for India's real estate sector, small-cap real estate companies have emerged as the top performers, delivering 17% return over the past 12 months, according to financial services firm Equirus Securities. This growth notably outpaces the broader Sensex, which managed just 1.4%, and leaves large-cap real estate firms trailing in negative territory at –2.9%. REITs (Real Estate Investment Trusts) followed closely with 15.2% returns, while mid-cap players delivered 2.5% during the same period. "Small Cap real estate companies have been the best performing segment in the past 12 months, garnering 17% returns, followed by REITs at 15.2%, midcap at 2.5%, the benchmark index Sensex posted a meagre 1.4%, whereas the largecap real estate listed companies posted a negative -2.9% returns," said the note. Small Cap real estate companies have been the best performing segment in the past 12 months On a longer-term scale, small cap realty stocks have continued to outperform mid-cap and large-cap peers since March 2021, underscoring investor interest in agile, high-growth players in the sector. In contrast, REITs have offered the lowest cumulative returns, highlighting the segment's relatively stable but slower growth trajectory. small cap listed real estate companies continue to be the best performing segment since March 2021 followed by Mid Cap, large cap, benchmark Sensex and lastly the REITs, that posted lowest returns. Since FY18 a total of Rs 723,310 mn was raised in the real estate sector, out of that REITs accounted for over 43% around Rs 312,413 mn, followed by Rs 204,370 mn. Equirus' data reveals that since FY18, a total of ₹72,331 crore has been raised by real estate entities via primary capital markets. Of this, REITs alone contributed ₹31,241 crore, or 43% of the total capital raised, followed by Qualified Institutional Placements (QIPs) and IPOs. In the last 12 months alone, real estate firms have raised ₹26,000 crore, a signal of increasing investor confidence amid regulatory reforms and infrastructure push. Warehousing Boom: Stock Doubles Across Tier 1 Cities India's warehousing sector, once confined to metro hubs, is now expanding aggressively into Tier 2 and Tier 3 cities. Since 2019, total warehousing stock in the top eight Tier 1 cities has more than doubled, rising from 213 million sq. ft. to 438 million sq. ft. in 2024. Pan-India warehousing stock reached 533 million sq. ft. this year. The transformation is driven by e-commerce growth (with nearly 60% of demand from non-metro regions), improved connectivity through the Gati Shakti master plan, Dedicated Freight Corridors, and policy enablers like GST and the UIDF scheme.
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Business Standard
22-07-2025
- Business
- Business Standard
Equity MF schemes may soon be allowed to dabble in gold and silver
While some view it as an opportunity for better diversification, others believe Sebi's proposal to allow equity MFs to invest in gold and silver could complicate fund comparisons Listen to This Article Equity mutual fund (MF) schemes may soon be allowed to dabble in gold and silver, if the market regulator's new categorisation framework is finalised. Some believe this will provide fund managers with greater flexibility to navigate market volatility during periods of uncertainty, while others argue the move could introduce complexities, particularly with respect to the comparison of scheme performance. Currently, equity schemes must mandatorily invest 65-80 per cent of the corpus in equities. The rest can be invested in a mix of equity, debt, and Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). In a consultation paper on
Time of India
19-07-2025
- Business
- Time of India
Sebi plans to change MF norms to tackle overlaps, ensure names ‘true-to-label'
The Securities and Exchange Board of India (Sebi) has proposed changes to mutual fund scheme categorisation to address portfolio overlaps. The regulator may also permit fund houses to launch a second scheme in the same category and invest part of the corpus in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). "It was noted that in the case of some schemes, there was a significant overlap of portfolios. It was therefore felt necessary to introduce clear limits to the industry to avoid schemes with similar portfolios," Sebi said in a discussion paper on Friday. Sebi has proposed new limits on how much two schemes can hold the same securities, in order to ensure clearer differentiation between funds. The regulator has suggested capping portfolio overlap at 50% for value and contra funds, as well as for schemes in the sectoral and thematic equity categories. This is to help investors distinguish one product from another. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The overlap condition would be monitored at the time of NFO (new fund offering) deployment or on a semi-annual basis using month-end portfolios, it said. Scheme Nomenclature Live Events While retaining the existing structure of five broad groups - equity, debt, hybrid, solution-oriented, and other schemes such as index funds and exchange-traded funds (ETFs) - the regulator has recommended stricter uniformity in how schemes are named to remain "true-to-label." Sebi has proposed standardising the naming of mutual fund schemes, which would have to directly reflect their category. For instance, a large-cap fund would simply be called a 'large cap scheme'. Sebi has also proposed renaming certain debt schemes to better reflect their investment characteristics. It has suggested changing 'low duration fund' to 'Ultra short to short term fund'. Additionally, the regulator suggested that fund names could include the intended duration, such as 'medium term fund (3 to 4 years)'. Lock-In Sebi has proposed that solution-oriented schemes , such as retirement and children's funds, must carry a specified lock-in period. While these lock-ins would apply to new investments, existing investors would be exempt, it said. Second Scheme The regulator has proposed allowing asset management companies to launch a second scheme in an existing category, subject to conditions. The existing scheme would need to be at least five years old and have assets under management exceeding ₹50,000 crore. While the new scheme must have similar objectives and features, it should have a separate fund manager, and the existing scheme would stop accepting fresh subscriptions. "AMC may merge an existing scheme with an additional scheme if there is a significant decline in the AUM of the existing scheme," said the Sebi paper.
News18
18-07-2025
- Business
- News18
Sebi Considers Review Of Categorisation Of Mutual Fund Schemes To Address Overlap
Last Updated: Sebi suggests that MFs should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50% of the schemes' portfolios would overlap. Markets regulator Sebi on Friday proposed to review the categorisation of mutual fund schemes in a bid to improve clarity and address the issue of overlap in portfolios of schemes. The proposal came after Sebi noted a significant overlap of portfolios in some schemes and felt the necessity to introduce clear limits to the industry to avoid schemes with similar portfolios. In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50 per cent of the schemes' portfolios would overlap at any point in time. The overlap condition should be monitored at the time of New Fund Offer (NFO) deployment and subsequently on a semi-annual basis using month-end portfolios. In case of a higher-than-permitted overlap, the Asset Management Company (AMC) should rebalance the portfolios within 30 business days. An extension of up to an additional 30 business days may be obtained from the Investment Committee (IC) of the AMC, with the reasons for granting the additional days properly recorded and maintained. 'If the deviation persists beyond this period, investors of both the schemes shall be given an exit option without any exit load," Sebi proposed. The regulator proposed that mutual funds should be permitted to invest the residual portions of their portfolios in equity, debt (including money market instruments), gold and silver, Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (InvITs) under the equity category schemes. Sebi also recommended changes in the nomenclature of debt schemes to enhance investor understanding. It proposed that the term 'Duration' be replaced with 'Term' for better clarity. Additionally, the 'Low Duration Fund' should be renamed as 'Ultra Short to Short Term Fund' to better reflect the investment objective, and the name of each debt scheme should indicate the fund's duration, such as Overnight Fund (1 Day) or Medium Term Fund (3 to 4 years). The regulator further proposed that mutual funds should be allowed to launch sectoral debt funds, provided that no more than 60 per cent of the portfolio in a sectoral debt scheme overlaps with any other sectoral debt or debt category scheme. This move should also ensure sufficient availability of investment-grade papers within the chosen sectors. Moreover, mutual funds should be permitted to invest the residual portion of their debt category schemes in REITs and InvITs, except for those with shorter durations, such as Overnight Fund, Liquid Fund, Ultra-Short Duration Fund, Low Duration Fund, and Money Market Fund, subject to regulatory limits applicable to this asset class. In terms of arbitrage funds, Sebi suggested that such schemes should be allowed to take exposure in debt instruments only through government securities with a maturity of less than one year and in repos backed by government bonds. For equity savings schemes, the regulator proposed that net equity exposure and arbitrage exposure should be mandated between 15 per cent and 40 per cent. With respect to hybrid category schemes, mutual funds should be allowed to invest the residual portion in REITs and InvITs, except in Dynamic Asset Allocation and Arbitrage Funds. Furthermore, mutual funds should be permitted to offer different types of schemes within the solution-oriented category, offering varying mixes of equity and debt components. Sebi also recommended that mutual funds be allowed to offer solution-oriented life cycle fund of funds with a target date. These schemes could include lock-in features tailored for specific financial goals such as housing, marriage, and other objectives. Additionally, the schemes may offer varying lock-in periods, such as 3 years, 5 years, or 10 years, to suit different investor needs. Also, Sebi proposed a change in terminology, suggesting that the word 'fund' in scheme names be replaced with 'scheme'. For example, instead of 'Large Cap Fund', it should be referred to as 'Large Cap Scheme'. Overall, mutual fund offerings would continue to be grouped under five broad categories — Equity-oriented schemes, Debt-oriented schemes, Hybrid schemes, Solution-oriented schemes, and Others. The Securities and Exchange Board of India (Sebi) has sought public comments till August 8 on the proposals. (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. 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Time of India
18-07-2025
- Business
- Time of India
Sebi considers review of categorisation of mutual fund schemes to address overlap
Markets regulator Sebi on Friday proposed to review the categorisation of mutual fund schemes in a bid to improve clarity and address the issue of overlap in portfolios of schemes. The proposal came after Sebi noted a significant overlap of portfolios in some schemes and felt the necessity to introduce clear limits to the industry to avoid schemes with similar portfolios. Explore courses from Top Institutes in Select a Course Category Product Management MBA Digital Marketing Healthcare Public Policy CXO Data Science others Data Science healthcare MCA Leadership Management Operations Management Cybersecurity Others Data Analytics Finance Artificial Intelligence PGDM Design Thinking Project Management Degree Technology Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50 per cent of the schemes' portfolios would overlap at any point in time. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World The overlap condition should be monitored at the time of New Fund Offer (NFO) deployment and subsequently on a semi-annual basis using month-end portfolios. In case of a higher-than-permitted overlap, the Asset Management Company (AMC) should rebalance the portfolios within 30 business days. An extension of up to an additional 30 business days may be obtained from the Investment Committee (IC) of the AMC, with the reasons for granting the additional days properly recorded and maintained. Live Events "If the deviation persists beyond this period, investors of both the schemes shall be given an exit option without any exit load," Sebi proposed. The regulator proposed that mutual funds should be permitted to invest the residual portions of their portfolios in equity, debt (including money market instruments), gold and silver, Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (InvITs) under the equity category schemes. Sebi also recommended changes in the nomenclature of debt schemes to enhance investor understanding. It proposed that the term 'Duration' be replaced with 'Term' for better clarity. Additionally, the 'Low Duration Fund' should be renamed as 'Ultra Short to Short Term Fund' to better reflect the investment objective, and the name of each debt scheme should indicate the fund's duration, such as Overnight Fund (1 Day) or Medium Term Fund (3 to 4 years). The regulator further proposed that mutual funds should be allowed to launch sectoral debt funds, provided that no more than 60 per cent of the portfolio in a sectoral debt scheme overlaps with any other sectoral debt or debt category scheme. This move should also ensure sufficient availability of investment-grade papers within the chosen sectors. Moreover, mutual funds should be permitted to invest the residual portion of their debt category schemes in REITs and InvITs, except for those with shorter durations, such as Overnight Fund, Liquid Fund, Ultra-Short Duration Fund, Low Duration Fund, and Money Market Fund, subject to regulatory limits applicable to this asset class. In terms of arbitrage funds, Sebi suggested that such schemes should be allowed to take exposure in debt instruments only through government securities with a maturity of less than one year and in repos backed by government bonds. For equity savings schemes, the regulator proposed that net equity exposure and arbitrage exposure should be mandated between 15 per cent and 40 per cent. With respect to hybrid category schemes, mutual funds should be allowed to invest the residual portion in REITs and InvITs, except in Dynamic Asset Allocation and Arbitrage Funds. Furthermore, mutual funds should be permitted to offer different types of schemes within the solution-oriented category, offering varying mixes of equity and debt components. Sebi also recommended that mutual funds be allowed to offer solution-oriented life cycle fund of funds with a target date. These schemes could include lock-in features tailored for specific financial goals such as housing, marriage, and other objectives. Additionally, the schemes may offer varying lock-in periods, such as 3 years, 5 years, or 10 years, to suit different investor needs. Also, Sebi proposed a change in terminology, suggesting that the word 'fund' in scheme names be replaced with 'scheme'. For example, instead of 'Large Cap Fund', it should be referred to as 'Large Cap Scheme'. Overall, mutual fund offerings would continue to be grouped under five broad categories -- Equity-oriented schemes, Debt-oriented schemes, Hybrid schemes, Solution-oriented schemes, and Others. The Securities and Exchange Board of India (Sebi) has sought public comments till August 8 on the proposals.
