Investors' guide to investing in the country's first InvIT

The country’s first infrastructure investment trust (InvIT) by road developer IRB Infrastructure Developers (IRB Infra) will hit the market next week. An InvIT or real estate investment trust (Reit) is a vehicle that owns, operates and maintains income-generating infrastructure or real estate assets. The income generated by the assets is distributed to unit holders in the form of dividends. For instance, the IRB InvIT Fund will manage six toll road projects as a part of its portfolio. The performance of these projects will impact the price of units. The nuts and bolts of investing in an InvIT is similar to