Investment Trust in IFSCs
Regulation 82
Investment Trust in IFSCs
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 82 – Investment Trust in IFSCs
High importance about 3 min
Investment Trusts — REITs & InvITs: Setting up and running listed and unlisted Investment Trusts, from sponsor to distribution.
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In plain English
Anyone wanting to operate an Investment (REIT or InvIT) in IFSC must register with the Authority. Funds may be raised by public issue with listing, private placement with listing, or private placement without listing. The specifies the detailed framework for listed trusts.
In plain English
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The rule, in its own words
Read the exact text of Regulation 82
82. (1) Any person from IFSC or India or a foreign jurisdiction, desirous to operate an Investment Trust in the IFSCs shall obtain registration with the Authority.
(2) An Investment Trust is permitted to raise funds through:
(a) Public issue with units listed on a recognised stock exchange ;
(b) Private placement with units listed on a recognised stock exchange ; or
(c) Private placement whose units are not proposed to be listed on any recognised stock exchange.
(3) The recognised stock exchange(s) shall specify the detailed framework which shall inter-alia, include initial disclosure requirements in the offer document, continuous obligations and disclosure requirements, trading, clearing an…
Show the full text
82. (1) Any person from IFSC or India or a foreign jurisdiction, desirous to operate an Investment Trust in the IFSCs shall obtain registration with the Authority.
(2) An Investment Trust is permitted to raise funds through:
(a) Public issue with units listed on a recognised stock exchange ;
(b) Private placement with units listed on a recognised stock exchange ; or
(c) Private placement whose units are not proposed to be listed on any recognised stock exchange.
(3) The recognised stock exchange(s) shall specify the detailed framework which shall inter-alia, include initial disclosure requirements in the offer document, continuous obligations and disclosure requirements, trading, clearing and settlement for Investment Trust whose units are listed or proposed to be listed on a recognised stock exchange(s).
(4) The Investment Trust shall comply with the requirements specified by the recognised stock exchange(s).
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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What this means in practice
Compliance actions
- Applies to
- Investment Trust
- Frequency
- At set-up
- Evidence
- Registration; chosen-route documentation
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 82
4 questions in the unified bank test this regulation. Each explains every option and cites the provision.
To operate a REIT or InvIT in IFSC, a person must:
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Your notes
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Investment Trusts — REITs & InvITs