Consider the following statements regarding Infrastructure Investment Trusts (InvITS):
1. InvITS are like mutual funds in structure and can be established as a trust and registered with SEBI.
2. It enables direct investment money from both individual and institutional investors in infrastructure.
Which of the statements given above is/are correct?
1
1 Only
2
2 Only
3
Both 1 and 2
4
Neither 1 nor 2