Gold, Real Assets and Alternatives · Intermediate
REITs and InvITs: real-asset income
How listed trusts own offices, malls, roads and power lines, how payouts and tax work, the risks, and how SEBI's 2026 changes affect mutual funds.
What is inside
10 short lessons. Each ends with a quiz, so you know what you have learnt.
REITs: owning rent
- What a REIT is: owning rent through a listed unit
- How a REIT is built: sponsor, manager, trustee and the 80/90 rules
- Reading a REIT: occupancy, WALE, yield and NAV
- The five listed REITs in India
- Distributions and tax: what the cash payout is made of
InvITs, risks and selling responsibly
- What an InvIT is: owning roads, power lines and pipelines
- REIT versus InvIT: what differs and what does not
- Risks: what can go wrong with REITs and InvITs
- Where mutual funds fit: the 2026 reclassification
- Selling REITs and InvITs honestly: suitability and sizing
Key ideas you will take away
- A REIT is a listed trust that owns rent-earning property.
- You own units, not a building.
- 80% completed and rent-generating.
- 90% of NDCF paid out, at least every six months.
- Yield = annual distribution ÷ price.
- Long WALE, high occupancy = steadier income.
Try a question
Q1. Which statement best describes a REIT?
- A listed trust that owns income-producing real estate and passes most of its income to unitholders
- A fixed deposit with a real estate company
- A loan given to builders at a fixed rate
- A government scheme that guarantees rent
Show the answer
A. A REIT is a trust that owns rent-generating property and distributes income. It is a market-linked unit, not a guaranteed product.
Q2. Under SEBI rules, what minimum share of a REIT's assets must be in completed, rent-generating properties?
- 80%
- 50%
- 20%
- 100%
Show the answer
A. At least 80% must be in completed, income-producing assets. The balance can include under-construction projects within limits.
Frequently asked questions
Is the REITs and InvITs: real-asset income course free?
Yes. Lessons, quizzes and practice are free. Sign in once with your mobile number or Google to start.
Who is the REITs and InvITs: real-asset income course for?
It is a intermediate-level course with 10 short lessons, written in plain language for beginners and for people who advise others on money.
Can I learn this in Hindi or Gujarati?
The app screens switch between English, Hindi and Gujarati at any time, and many quiz questions have translations. Lesson text is in English for now.
Do I get a certificate?
Yes. Pass the course exams to earn a certificate that anyone can verify online.
Is this investment advice?
No. It is education only. Speak to a qualified adviser before you act on your own money.
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UpperCrust Academy is independent study material from UpperCrust Wealth. It is not affiliated with NISM, SEBI or AMFI. For education only. Not investment advice. Always confirm the latest syllabus and rules on the official NISM website.