Overview
- From January 1, 2026, mutual fund and specialised investment fund allocations to REITs will be treated as equity-related investments.
- Debt schemes will not make new investments in REITs, and holdings as of December 31, 2025 will be grandfathered with AMCs encouraged to divest over time.
- InvITs retain their hybrid classification under the mutual fund and SIF investment framework.
- AMFI will update the scrip classification list and AMCs must issue addenda to scheme documents, which will not be deemed fundamental changes.
- REITs can enter equity indices only after July 1, 2026, and the shift is expected to improve liquidity and institutional participation.