What is the story about?
Assets under management (AUM) of India’s listed Infrastructure Investment Trusts (InvITs) stood at ₹7 lakh crore as of September 30, according to the second consolidated industry overview released by the Bharat InvITs Association (BIA). The overview captures performance trends across public and private InvITs and provides a snapshot of the sector’s scale, investor participation and asset spread.
BIA data shows that InvIT AUM has increased by over 1,000% in the last five years, with a year-on-year growth of 16.5% during the past year. The growth reflects continued additions of operational infrastructure assets and sustained investor participation since 2019.
InvITs have distributed more than ₹78,000 crore to unitholders since inception. Of this, ₹10,000 crore was distributed during the first two quarters of FY26, indicating a steady increase in cash payouts. The association said distributions remain supported by regulated and long-term cash flows from underlying infrastructure assets.
Market capitalisation of InvITs reached ₹2.6 lakh crore by the second quarter of FY26, reflecting expansion in listed trusts during the year. The returns profile of InvITs has remained stable, according to the overview, supported by predictable revenue streams across sectors.
Investor participation also expanded during the period. The total number of unitholders increased to 3.7 lakh by Q2 FY26, compared with 2.8 lakh as of March 31, 2025.
On asset spread, InvITs collectively manage over 250 underlying infrastructure assets across 21 Indian states. The sectoral coverage includes roads, power transmission, energy generation and storage, telecom, warehousing and supply chains, optical fibre networks and pipelines.
Presenting the overview, N S Venkatesh, Chief Executive Officer of the Bharat InvITs Association, said InvITs have continued to gain traction as an infrastructure financing vehicle. He noted that the industry estimates a potential expansion to ₹21 lakh crore in AUM by 2030, compared with the current ₹7 lakh crore.
BIA said it will continue to engage with market participants and regulators to support the growth of the InvIT ecosystem. As of 2025, India’s InvITs market comprises 27 business trusts, with investments spread across multiple infrastructure sectors and a growing base of retail and institutional investors.
BIA data shows that InvIT AUM has increased by over 1,000% in the last five years, with a year-on-year growth of 16.5% during the past year. The growth reflects continued additions of operational infrastructure assets and sustained investor participation since 2019.
InvITs have distributed more than ₹78,000 crore to unitholders since inception. Of this, ₹10,000 crore was distributed during the first two quarters of FY26, indicating a steady increase in cash payouts. The association said distributions remain supported by regulated and long-term cash flows from underlying infrastructure assets.
Market capitalisation of InvITs reached ₹2.6 lakh crore by the second quarter of FY26, reflecting expansion in listed trusts during the year. The returns profile of InvITs has remained stable, according to the overview, supported by predictable revenue streams across sectors.
Investor participation also expanded during the period. The total number of unitholders increased to 3.7 lakh by Q2 FY26, compared with 2.8 lakh as of March 31, 2025.
On asset spread, InvITs collectively manage over 250 underlying infrastructure assets across 21 Indian states. The sectoral coverage includes roads, power transmission, energy generation and storage, telecom, warehousing and supply chains, optical fibre networks and pipelines.
Presenting the overview, N S Venkatesh, Chief Executive Officer of the Bharat InvITs Association, said InvITs have continued to gain traction as an infrastructure financing vehicle. He noted that the industry estimates a potential expansion to ₹21 lakh crore in AUM by 2030, compared with the current ₹7 lakh crore.
BIA said it will continue to engage with market participants and regulators to support the growth of the InvIT ecosystem. As of 2025, India’s InvITs market comprises 27 business trusts, with investments spread across multiple infrastructure sectors and a growing base of retail and institutional investors.