REITs and InvITs: What’s new in the Indian Stock Markets  (Hardcover, Gaurav Jain)

What will I gain from reading this book? or What’s in it for me? are a reader’s first queries for a non-fiction book like this one. Many investors want steady income, safety of investment and avoid risks of equity markets. Although they get regular and steady income stream with debt investments, they are always in danger of losing out on capital appreciation because long time-frames have exponential cyclical upswings in assets such as stocks, metal and properties. This is when their fixed income generating capital suddenly starts looking meaningless. This book is a tool meant to equip readers with knowledge regarding a new investment possibility that overcomes this problem and even offers more. The book follows the author’s earlier book named “Real Estate Investment & Financial Analysis” (REIFA). REIFA, an awarded book (awarded "Best Books of All Time" by BookAuthority) and a bestseller in its category in India. The current book is focused on REITs and InvITs, which have recently been listed in Indian stock markets. These are extremely lucrative, globally-accepted investment avenues, but are still highly unexplored in the Indian scenario. Although REITs and InvITs are relatively new instruments for Indian stock markets, they have the potential of generating excellent returns for investors, as has been proved in matured markets around the world. REITs and InvITs, are acronyms for “Real Estate Investment Trusts” and “Infrastructure Investment Trusts”, respectively. These investment vehicles offer investors both categories of investment– a slice of the capital markets and a slice of the real estate markets. InvITs may be considered as part of REITs, as in many other countries, but in India a separate set of guidelines exists for the two. REIT units are often referred to as debt-like in nature. But this is really not true, as REITs are hybrid investment instruments. Here, a single investment can generate returns in the form of dividends, interest and rentals! Also, there is scope for appreciation of the units like equity stock. Since these listed financial instruments are now available to the Indian investor, they can therefore be used in an effective manner in any portfolio. They have the potential to generate high yields combined with stability while investors simultaneously have a chance to gain from their capital appreciate in future. “REITs and InvITs: What’s new in the Indian stock markets” is a primer of these unique as well as very interesting financial instruments for real estate assets.