Become govt's business partner by investing Rs 10k, Gadkari's big announcement
Become govt's business partner by investing Rs 10k, Gadkari's big announcement
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New Delhi: Road Transport and Highways Minister Nitin Gadkari said, 'Today is a historic day and I am feeling very happy.' Actually, Nitin Gadkari said this on the occasion of the listing of InvIT NCDs on the Bombay Stock Exchange (BSE) on Friday. The government has come up with InvIT NCDs to give investment opportunities to the common citizens of the country in the infrastructure sector. Of this, 25 per cent of NCDs (Non-Convertible Debentures) have been kept reserved for retail investors. 

In National Highways Authority of India (NHAI) InvIT NCDs (Non Convertible Debentures), you get returns of up to 8.05 per cent more than banks and the minimum investment limit is just Rs 10,000. Nitin Gadkari tweeted that we have finally been able to give an opportunity to retail investors (retired citizens, salaried individuals, and small and medium business owners) to participate in nation-building activities. Further, Nitin Gadkari said that the second round of InvIT has been oversubscribed almost 7 times within just 7 hours of its opening. He said the listing of InvIT NCDs on the Bombay Stock Exchange is historic as it marks the new dawn for people's share in infra funding. Now common investors will also be able to invest money in infra funds. This is a great opportunity to get at least 8.05 per cent returns annually. 

Nitin Gadkari said, 'InvIT bonds are a great opportunity to realize PM Narendra Modi's vision of a self-reliant India. Huge investment in infrastructure especially roads is very important for the socio-economic development of our country and I am sure more investors will participate in this.' The same Nitin Gadkari expressed hope that retail investors will be attracted towards it. The special thing is that it is different from other equity funds in the sense that if you keep money in it till the lock-in period, then you will get the fixed minimum return. On the other hand, other equity funds usually give returns according to the market and there is also a possibility of loss in case of a fall in the market. 

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