| Aspect | Details |
|---|---|
| Initiative | SWAGAT-FI (Single Window Automatic & Generalised Access for Trusted Foreign Investors) |
| Announcement Date | December 1, 2025 |
| Enforcement Date | June 1, 2026 |
| Regulator | Securities and Exchange Board of India (SEBI) |
| Objective | Simplify market entry and compliance for low-risk foreign investors, merge FPI & FVCI registration, and enhance India's appeal as a global investment hub. |
| Eligible Investors | Sovereign wealth funds, central banks, government-owned investment entities, highly regulated public retail funds, multilateral institutions, regulated insurance & pension funds. |
| Key Features | - Unified Registration: Single registration for both FPI (listed securities) and FVCI (unlisted startups/sectors). - Extended Validity: 10-year registration (previously 3-5 years). - IFSC Reforms: Retail schemes in IFSCs can register as FPIs; resident sponsor contribution capped at 10%. |
| Current FPI Data | As of June 30, 2025: 11,913 registered FPIs holding assets worth ₹80.83 lakh crore. SWAGAT-FIs contribute 70%+ of total FPI assets. |
| Expected Impact | Faster approvals, reduced compliance burden, increased long-term capital inflows, and improved regulatory clarity for foreign investors. |
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