This press release, dated October 24, 2025, announces the enlisting of SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund-I under the exemption category of Reserve Bank of India (Investment in AIF) Directions, 2025. This decision is made in accordance with para 7(b) of the Directions dated July 29, 2025, which allows the Reserve Bank to exempt certain Alternative Investment Funds (AIFs) from the scope of the Directions (except for paragraph 5 – “General Requirement”), following consultation with the Government of India and the previous circulars dated December 19, 2023 and March 27, 2024. The Direction has been amended, including the addition of an Annex containing a list of exempted AIFs. The Annex will be updated as needed, in consultation with the Government of India.
Press Release: 2025-2026/1375. Contact is Brij Raj, Chief General Manager. Website: www.rbi.org.in/hindi; email: helpdoc@rbi.org.in; phone: 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India (Investment in AIF) Directions, 2025: Directions issued by the Reserve Bank of India regarding investments in Alternative Investment Funds (AIFs).
SWAMIH Investment Fund-I: Special Window for Affordable and Mid-Income Housing Investment Fund-I
captioned Directions dated July 29, 2025: Directions issued July 29, 2025 referenced within the main document.
circulars dated December 19, 2023: Circular issued December 19, 2023 referenced within the main document.
circulars dated March 27, 2024: Circular issued March 27, 2024 referenced within the main document.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 24, 2025
Enlisting SWAMIH Investment Fund-I under exemption category of Reserve
Bank of India (Investment in AIF) Directions, 2025
In terms of para 7(b) of the captioned Directions dated July 29, 2025, it has been
stipulated that the Reserve Bank may, in consultation with the Government of India,
by a notification, exempt certain Alternative Investment Funds (AIFs) from the scope
of the above Directions (except for paragraph 5 – “General Requirement”), and the
previous circulars dated December 19, 2023 and March 27, 2024 issued on the
matter.
In this regard, it has been decided to enlist SWAMIH (Special Window for
Affordable and Mid-Income Housing) Investment Fund-I under the above specified
exemption category. Accordingly, the Direction ibid has been suitably amended,
including addition of an Annex containing the list of exempted AIFs.
The Annex will be updated, as and when required, in consultation with the
Government of India.
(Brij Raj)
Press Release: 2025-2026/1375 Chief General Manager