Trust
Regulation 85
Trust
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 85 – Trust
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
Eligibility for the : created under Indian (IFSC or outside) or foreign law; the trust deed's main object is the Investment Trust activity and includes trustee responsibilities; and sponsor, investment manager and trustee are designated as separate entities.
In plain English
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The rule, in its own words
Read the exact text of Regulation 85
85. The following are the eligibility conditions for the Investment trust:
(a) The trust shall be created under the laws of India (IFSC or outside IFSC) or foreign jurisdiction;
(b) The trust deed has its main objective as undertaking activity of Investment Trust (REIT or InvIT, as the case may be) and includes responsibilities of the Trustee in accordance with the requirements specified in these regulations;
(c) persons have been designated as sponsor(s), investment manager and trustee and all such persons are separate entities.
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
- Trust deed
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Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 85
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
The sponsor, investment manager and trustee of an Investment Trust must be designated as separate entities.
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Your notes
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Investment Trusts — REITs & InvITs