New Delhi, Jan. 14 -- More than a decade ago, India's market regulator introduced infrastructure investment trusts, or InvITs, to channel public capital into infrastructure, and further eased rules in the past two years. Still, valuation and liquidity concerns keep these instruments overwhelmingly private.

Only six of India's 29 registered InvITs are publicly listed, according to data from the Securities and Exchange Board of India (Sebi). These include Capital Infra Trust, IRB InvIT Fund, PowerGrid Infrastructure Investment Trust, Bharat Highways Infrastructure Investment Trust, India Grid Trust and Anantam Highways Trust. Three such InvITs-one of which was publicly listed-have been launched in the ongoing fiscal 2025-26.

Funds mobilis...