Q. With reference to SWAMIH Fund, consider the following statements:
1. The fund has been set up as a Category-II Alternate Investment Fund registered with SEBI.
2. The central government is the investment manager of the Fund.
Which of the statements given above is/are correct?
Answer: A
Notes:
Statement 1 is correct: SWAMIH Fund is a government-backed investment fund set up in the year 2019.
Statement 2 is incorrect: The Investment Manager of the Fund is SBICAP Ventures, a wholly-owned subsidiary of SBI Capital Markets. This in turn is a wholly-owned subsidiary of the State Bank of India.
Source: Indian Express
