SWFs hold $29 billion of Assets Under Custody (AUC) as of December 2019.: With Budget 2020 granting 100% tax exemption on interest, dividend and capital gains income to sovereign wealth funds investing in infrastructure, the research wing of property consultancy firm JLL India said. Investments by SWFs improved sharply as various policy measures were introduced to attract foreign investments. In India, SWFs hold $29 billion of Assets Under Custody (AUC) as of December 2019. Of these, real estate and warehousing account for 22 percent of the AUC, amounting to $6.6 billion.