India's InvIT sector eyes INR 21 lakh crore asset base by 2030
10th Sep, 2026
India's Infrastructure Investment Trusts (InvITs) distributed a cumulative INR 22,769 crore in FY26, taking total distributions since inception past INR 91,000 crore, according to the Bharat InvITs Association. Assets under management rose to INR 7.1 lakh crore, from INR 6.3 lakh crore in FY25, while the sector's market capitalisation grew 32 per cent year-on-year to INR 2.92 lakh crore. With three new InvITs listed during the year, taking the total to 25, and growing state government interest in the asset monetisation route, the industry is projected to reach roughly INR 21 lakh crore by 2030.
India's Infrastructure Investment Trusts (InvITs) distributed INR 7,719 crore to approximately 5.58 lakh unitholders in the fourth quarter of FY26, a 34 per cent increase over the INR 5,744 crore distributed in Q3 FY26. For the full year, InvITs distributed INR 22,769 crore, taking cumulative distributions since inception to INR 91,000 crore, according to the Bharat InvITs Association.
The industry's assets under management grew to INR 7.1 lakh crore in FY26, up from INR 6.3 lakh crore in FY25. Market capitalisation rose to INR 2.92 lakh crore, from INR 2.20 lakh crore a year earlier, a year-on-year increase of approximately 32 per cent.
The sector added three new listings during the year, taking the total number of listed InvITs to 25, with publicly listed InvITs rising from five in FY25 to seven in FY26. The total unitholder base of listed InvITs grew 64 per cent, with nearly two lakh new unitholders added over the year.
NS Venkatesh, CEO of the Bharat InvITs Association, said FY26 marked another milestone in the growth of India's InvIT ecosystem, with strong growth in distributions, market capitalisation and investor participation reflecting increasing confidence in InvITs as a long-term infrastructure investment vehicle. He said several privately listed InvITs were evaluating a transition to public listing, alongside growing interest from retail and institutional investors and continued regulatory support.
InvITs raised INR 1.97 lakh crore through equity during the year, up 12.5 per cent from INR 1.75 lakh crore in FY25. The industry's gross debt stood at INR 3.35 lakh crore as of 31 March 2026.
The National Monetisation Pipeline 2.0 has accelerated adoption of the InvIT structure by providing a framework for unlocking value from operational infrastructure assets and recycling capital into new projects. State governments are increasingly adopting the InvIT route for asset monetisation, a trend expected to expand the range of asset classes available to investors beyond the roads and telecom sectors that have traditionally dominated the space.
With continued infrastructure investment requirements and ongoing government reforms, the industry is projected to reach roughly INR 21 lakh crore by 2030.