New Delhi, April 30 -- Your investment portfolio typically comprises instruments placed at different points on the risk-return spectrum. For instance, hybrid funds such as infrastructure investment trusts (InvITs) sit between equity (high risk-high return) and debt (low risk-low return).

InvITs are investment vehicles similar to mutual funds that pool money from investors to finance income-generating infrastructure projects such as roads, highways, telecom towers, warehousing, digital infrastructure, and power generation and transmission lines.

Regulated by Sebi, they provide regular income (dividends/interest) and capital appreciation, requiring 90% of net cash flows to be distributed to investors. NSE defines InvITs as a "collective i...