The creation of and the issuance of subordinate units is primarily intended to bridge the valuation gaps that may arise as a result of difference in the valuation of an asset perceived by the Sponsor and investors/unitholder.
The total corpus of various schemes under the National Pension System (NPS) and Atal Pension Yojana has increased to Rs 10.9 lakh crore, a 27.9 per cent surge YoY as of December 31, 2023.
The Reserve Bank of India (RBI) has limited retail investors investment in primary issuances of non-convertible debentures and commercial papers to a quarter of the total issuance to minimise investors losses in case of default on short-term financial instruments.
Public equity fundraising rose 59 per cent to ₹1.44 lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that raised ₹49,434 crore.
Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment trusts).