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NSE Indices allows REITs in Nifty equity indices from next rebalancing
The decision follows the Securities and Exchange Board of India's (SEBI) circular reclassifying REITs as equity-related instruments. The reclassification is aimed at facilitating greater participation by mutual funds and Specialized Investment Funds (SIFs). The revision was approved by the Index Maintenance Sub-Committee (Equity) of NSE Indices.
The decision follows the Securities and Exchange Board of India's (SEBI) circular reclassifying REITs as equity-related instruments. The reclassification is aimed at facilitating greater participation by mutual funds and Specialized Investment Funds (SIFs). The revision was approved by the Index Maintenance Sub-Committee (Equity) of NSE Indices.
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