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InvITs in India — Infrastructure Investment Trusts, With the Numbers

By Sector Alpha Research · machine-compiled from Screener.in data · Updated 16 August 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 August 2026, 23 InvITs trade on Indian exchanges, worth about ₹2,43,300 crore combined.

Every listed InvIT in India (August 2026)

#InvITPrice (₹)Market cap (₹ Cr)Distribution yieldP/BVBook value (₹/unit)P/E
1Altius Telecom Infrastructure Trust17252,2639.17%4.5737.641.3
2National Highways Infra Trust16832,5392.51%1.3812240.8
3Cube Highways Trust15921,3968.65%2.1872.877.2
4IndiGrid Infrastructure Trust17920,3433.14%2.8163.836
5Vertis Infrastructure Trust11617,5162.8%2.7342.520
6Interise Trust11011,4402.1%2.4644.7247
7Maple Infrastructure Trust1439,83710.4%1.5194.6
8Powergrid Infrastructure Investment Trust1009,1133%1.2182.910.1
9Indus Infra Trust1338,1393.17%1.2410720.8
10RaajMarg Infra Investment Trust1197,1332.02%1.19100
11Citius Transnet Investment Trust1116,7890%
12NDR INVIT Trust1426,5275.37%1.4995.665.6
13Shrem InvIT1026,2002.96%1.0497.98
14IRB InvIT Fund64.45,09510.2%1.0163.816
15Energy Infrastructure Trust74.24,92531%9.957.561.8
16Sustainable Energy Infra Trust1244,0188.63%1.3989.427.2
17Intelligent Supply Chain Infrastructure Trust1253,81010.2%1.8866.5
18Anzen India Energy Yield Plus Trust1323,38612%1.6679.6102
19Capital Infra Trust76.82,7573.02%1.0970.46.7
20Roadstar Infra Investment Trust60.32,7478.79%0.786
21Nxt-Infra Trust95.52,72218%1.1384.720.6
22TVS Infrastructure Trust1182,3271.31%1.2495.445
23Anantam Highways Trust1052,2902.37%0.991068.9

All figures from Screener.in company pages, as of 16 August 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 August 2026, 23 InvITs are listed in India.

How many InvITs are listed in India?

As of August 2026, 23 InvITs are listed on Indian exchanges, with a combined market value of about ₹2,43,300 crore. The largest is Altius Telecom Infrastructure Trust at ₹52,263 crore of market cap; the smallest in this list is Anantam Highways Trust at ₹2,290 crore. The median trailing distribution yield across InvITs that have paid out over the last twelve months is about 5.37%.

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 August 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.