Consider the following statements about National Investment and Infrastructure Fund 1 It has been se...........

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Consider the following statements about National Investment and Infrastructure Fund.

1.It has been set up as an Alternate Investment Fund registered with Securities and Exchange Board of India.

2.The sole objective of this fund is to mobilize investment in green field projects.

Select the correct statement/s using the codes given below:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 only

The first statement is correct. The National Investment and Infrastructure Fund (NIIF) has been set up as an Alternate Investment Fund registered with the Securities and Exchange Board of India (SEBI). It functions as a fund of funds and invests in various infrastructure projects and related sectors.

The second statement is incorrect. The sole objective of the National Investment and Infrastructure Fund (NIIF) is not limited to mobilizing investment in greenfield projects. While it does aim to attract investment in infrastructure projects, its scope is broader, including investments in brownfield projects, distressed assets, and other infrastructure-related sectors.

Therefore, only statement 1 is correct