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21st June 2024 (11 Topics)

Alternate Investment Funds (AIFs)


In recent months, the Reserve Bank of India (RBI) has implemented and subsequently adjusted regulations concerning Alternate Investment Funds (AIFs).  The Indian government has asked the central bank to exempt sovereign funds (including a fund called Special Window for Affordable and Mid-Income Housing (SWAMIH)) from a recent set of tightened rules concerning investments in alternate investment funds (AIFs)

What is AIF?

  • Alternate Investment Funds (AIFs) are pooled investment vehicles that invest in assets other than traditional stocks and bonds.
  • They include various categories like private equity, venture capital, real estate funds, etc.

Fact Box: About SWAMIH

  • Set up in: 2019
  • Sponsored by: Ministry of Finance
  • Managed by: SBICAP Ventures
  • Backed by: State Bank of India
  • Aim: to support affordable housing projects by providing debt financing for stalled housing projects

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