Alerts & Updates 12th Dec 2025

SEBI tells Mutual Funds, henceforth REITs are “Equity”

Authors

Vinod JosephPartner | Mumbai
Saloni KhaitanAssociate | Mumbai

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Starting with a decision taken by SEBI’s Board on September 12, 2025, and concluding with a circular issued on November 28, 2025, SEBI has taken various steps to re-classify REITs as “equity” for the purpose of investments by Mutual Funds and Specialized Investment Funds. Prior to this, REITS and InvITs were considered ‘hybrid’. InvITs continue to retain the ‘hybrid’ nomenclature even now.

In this Update, we have analyzed SEBI’s decision to reclassify REITs “as equity.

Read the detailed update here

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