The Reserve Bank of India (RBI) on November 8, 2021 has issued the review on Investment by Foreign Portfolio Investors (FPIs) in Debt. FPIs permit to invest in debt securities issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).
Therefore, FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR.
[Notification No- RBI/2021-22/120 A.P. (DIR Series) Circular No. 16]
