SEBI issues Net Distributable Cash Flow framework for InvITs
SEBI has issued a framework for calculation of Net Distributable Cash Flows for Infrastructure Investment Trusts (InvITs).
What changed
SEBI issued Circular HO/17/11/17(5)2026-DDHS-POD2/I/18791/2026 establishing a framework for calculation of Net Distributable Cash Flows for InvITs.
Why it matters
NDCF calculation is central to understanding the cash available for distribution and comparability across listed infrastructure trusts.
Who is affected
InvITs, investment managers, sponsors, trustees, auditors, analysts and InvIT investors.
Action required
InvIT finance, compliance and audit teams should reconcile the circular with existing distribution policies, reporting templates and trust-level/SPV cash-flow calculations.
What happened
SEBI has issued a framework for calculation of Net Distributable Cash Flows for Infrastructure Investment Trusts (InvITs). The SEBI circular is dated 14 August 2026. Its subject is the framework for calculation of Net Distributable Cash Flows for InvITs.
Why it matters
The final accounting and distribution impact depends on the circular’s definitions, adjustments and transition provisions. Readers should use the primary circular rather than infer formulae from secondary summaries. NDCF calculation is central to understanding the cash available for distribution and comparability across listed infrastructure trusts.
What readers should do
InvIT finance, compliance and audit teams should reconcile the circular with existing distribution policies, reporting templates and trust-level/SPV cash-flow calculations.
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Finin2min should later cross-link the evergreen article to the full InvIT regulatory framework. The source link above is the evidence anchor for this story. Where the item is a consultation, proposal or policy speech, it is expressly labelled as such and is not presented as final law.
Date relevance check
Source and event are current for the 11–15 August 2026 review window.
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