Consider the following statements about Infrastructure Investment Funds (InvITs) -
1. Infrastructure Investment Funds are designed to pool small sums of money from diverse investors to invest in assets over a period of time.
2. The minimum investment amount in an InvIT Initial Public Offering (IPO) is Rs 10 lakh.
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