Regular income, long-term cash flow visibility and better risk-adjusted returns have led to fund managers investing in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). These products, considered by fund managers as a separate asset class, deliver returns between equity and fixed income.As per data from Accord Fintech and the ET Intelligence Group, mutual funds have been steady buyers of these products over the last couple of years, largely through their hybrid schemes,
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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