Q. With reference to the SWAMIH Fund highlighted in Budget 2025-26, which of the following observations is/are correct?
- The fund has been set up as a Category-II Alternate Investment Fund registered with SEBI.
- The central government is the investment manager of the Fund.
Select the correct option from the codes given below:
Answer:
Only 1
Notes:
- The fund has been set up as a Category-II Alternate Investment Fund registered with SEBI. Correct: The SWAMIH Fund is a government-backed investment fund established in 2019.
- The central government is the investment manager of the Fund. Incorrect: The fund's Investment Manager is SBICAP Ventures, a wholly-owned subsidiary of SBI Capital Markets, which itself is fully owned by the State Bank of India.