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SEBI FPI proposals: IFSC retail schemes and SWAGAT-FI single window

12 August 20251 min read
BANKING & FINANCESEBI FPI proposals:IFSC retail schemesand SWAGAT-FIsingle window12 August 2025safalsetu.com

Why in the news

SEBI floated two proposals, one for IFSC-based schemes of resident Indians and one for low-risk foreign investors.

Key facts

  • “Sponsor or manager” becomes Fund Management Entity (FME), an entity registered with IFSCA in places like GIFT City.
  • Overseas funds registered as FPIs may include Indian mutual funds as constituents.
  • SWAGAT-FI covers sovereign wealth funds, pension funds, central banks, multilaterals and regulated insurers.

SWAGAT-FI changes

AreaProposal
StatusFPI and FVCI together, no extra documents
Validity10 years, up from 3-5
DematOne account, regulatory tagging
NRI/OCI/RI cap50% limit removed

Exam angle

  • Full form: Single Window Automatic & Generalised Access for Trusted Foreign Investors.

Test yourself

1. What does the acronym SWAGAT-FI stand for in SEBI's proposal?

SWAGAT-FI is the single-window route for trusted foreign investors.

2. SEBI's proposal would extend KYC and registration review for SWAGAT-FI investors to how many years?

The period would rise from 3-5 years to 10 years.

3. Which body registers a Fund Management Entity operating in GIFT City?

An FME is registered with IFSCA to carry out fund management in an IFSC.

This topic is part of Daily Current Affairs 12 August 2025 (15 topics).

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