Consider the following statements regarding the National Investment and Infrastructure Fund (NIIF): 1. It is regarded as India's first-ever sovereign wealth fund (SWF). 2. It is registered with SEBI as a Category II Alternative Investment Fund (AIF). Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding the National Investment and Infrastructure Fund (NIIF):
1.It is regarded as India’s first-ever sovereign wealth fund (SWF).
2.It is registered with SEBI as a Category II Alternative Investment Fund (AIF).
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation:

Statement 1 is Correct. NIIF is widely regarded as India’s first sovereign-backed sovereign wealth fund–like investment platform.
Statement 2 is Correct. NIIF is registered with SEBI as a Category II Alternative Investment Fund (AIF).

Source- PIB