Reits, Invits, muni bonds could surpass equity, debt in a decade: Buch
Live MintFundraises through real estate and infrastructure investment trusts, along with municipal bonds, could surpass capital mobilized through equities and debt over the next decade, India’s market regulator’s chair Madhabi Puri Buch said on Friday in her first public appearance in about three months. “The growth is so substantial that it could exceed the capital pumped in from equity and debt markets,” said Buch, chairperson of the Securities and Exchange Board of India, referring to the ₹3.3 trillion raised through equity and ₹7.3 trillion via debt in the last financial year. “For the last nine months, ₹3.3 trillion has been raised in equity, and with another quarter to go, we anticipate a total of ₹4.3 trillion by year-end,” Buch said. "In FY2024-25, capital formation reached ₹10.7 trillion, with ₹7.3 trillion coming from the primary debt market, a sector that is sometimes underreported.” She said by year-end, the total capital raised—combining both equity and debt—could exceed ₹14 trillion.