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InvITs in India — Infrastructure Investment Trusts, With the Numbers

By Sector Alpha Research · machine-compiled from Screener.in data · Updated 2 July 2026

An InvIT (Infrastructure Investment Trust) is a SEBI-regulated listed trust that owns operating infrastructure — toll roads, power lines, telecom towers, pipelines — and pays out at least 90% of its distributable cash flow to unit-holders. As of July 2026, 23 InvITs trade on Indian exchanges, worth about ₹2,38,200 crore combined.

Every listed InvIT in India (July 2026)

#InvITPrice (₹)Market cap (₹ Cr)Distribution yieldP/BVBook value (₹/unit)P/E
1Altius Telecom Infrastructure Trust16951,6419.29%4.4937.646.3
2National Highways Infra Trust16832,5298.92%1.3712347.4
3Cube Highways Trust15220,4309.06%2.0972.8139
4IndiGrid Infrastructure Trust17720,12212.4%2.7763.851
5Vertis Infrastructure Trust11016,6108.75%2.5942.524.2
6Interise Trust11011,4406.92%2.4644.7271
7Maple Infrastructure Trust1429,80910.4%1.594.6
8Powergrid Infrastructure Investment Trust93.88,53312.8%1.1382.99.4
9Indus Infra Trust1267,70112.8%1.1810720.1
10RaajMarg Infra Investment Trust1156,8990%1.1599.6
11Citius Transnet Investment Trust1066,4920%
12NDR INVIT Trust1386,3215.54%1.4495.659
13Shrem InvIT1026,21813.4%1.0497.97.3
14Energy Infrastructure Trust77.15,11924.9%10.347.547.4
15IRB InvIT Fund60.54,78413.2%0.9563.814
16Sustainable Energy Infra Trust1233,9858.7%1.3889.429.7
17Intelligent Supply Chain Infrastructure Trust1253,81010.2%1.8866.5
18Anzen India Energy Yield Plus Trust1273,24810.1%1.679.62,824
19Nxt-Infra Trust95.62,72518%1.1384.727
20Capital Infra Trust73.22,62815.8%1.0470.412.5
21Roadstar Infra Investment Trust57.52,6199.22%0.6786
22TVS Infrastructure Trust1162,2883.97%1.2295.467.4
23Anantam Highways Trust1042,2642.4%0.9810611.6

All figures from Screener.in company pages, as of 2 July 2026. Distribution yield is the trailing-twelve-month payout over the current unit price. An empty cell means the source reports no value for that field.

What is an InvIT in India?

An InvIT (Infrastructure Investment Trust) is a SEBI-regulated listed trust that owns operating infrastructure assets — toll roads, power transmission lines, telecom towers, pipelines and warehouses — and must distribute at least 90% of its net distributable cash flow to unit-holders. Units trade on the NSE and BSE like shares. As of July 2026, 23 InvITs are listed in India.

How many InvITs are listed in India?

As of July 2026, 23 InvITs are listed on Indian exchanges, with a combined market value of about ₹2,38,200 crore. The largest is Altius Telecom Infrastructure Trust at ₹51,641 crore of market cap; the smallest in this list is Anantam Highways Trust at ₹2,264 crore. The median trailing distribution yield across InvITs that have paid out over the last twelve months is about 10.1%.

How is an InvIT different from a REIT?

Both are SEBI-regulated trusts that must pay out at least 90% of net distributable cash flow, and both trade on the exchanges. The difference is the asset class: an InvIT owns infrastructure — roads, power transmission, telecom towers, pipelines, logistics assets — while a REIT (Real Estate Investment Trust) owns income-producing real estate such as office parks and malls. As of July 2026, India lists 23 InvITs and five REITs (including Embassy Office Parks and Mindspace Business Parks).

What should you check before studying an InvIT?

Four things dominate InvIT analysis. First, the distribution yield and what it is made of — payouts can be interest, dividend or return of capital, each taxed differently. Second, price versus book value per unit (P/BV in the table): a unit can trade above or below the value of its assets. Third, leverage — SEBI caps consolidated borrowings at 70% of asset value, subject to rating and track-record conditions. Fourth, the remaining life of the assets: a toll-road concession that ends in ten years is a very different stream from a perpetual-ownership transmission line.

Why do some InvITs show a 0% dividend yield?

A 0% yield in this table means Screener records no distributions over the trailing twelve months for that trust — typically because it listed too recently to have a full year of payout history, not because it will never distribute. InvITs are required to distribute at least 90% of net distributable cash flow once they generate it.

This page is a factual directory, machine-written from Screener.in data. Sector Alpha is not a SEBI-registered investment adviser and nothing here is investment advice or a recommendation to buy or sell any security. For individual stock coverage see the stock analysis library and sector dashboard.