With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? 1. It is an organ of NITI Aayog. 2. It has a corpus of ₹ 4,00,000 crore at present. Select the correct answer using the code given below:

1. Statement 1 is incorrect. The National Investment and Infrastructure Fund (NIIF) is India's first sovereign wealth fund set up by the Government of India. It is registered with SEBI as a Category II Alternative Investment Fund. It is not an organ of NITI Aayog; it functions independently, although established by the government. 2. Statement 2 is incorrect. The Government had announced the creation of NIIF with a proposed corpus of ₹ 40,000 crore from the Government, aiming to leverage this amount further from other investors. The figure of ₹ 4,00,000 crore is vastly larger than the actual or initially announced corpus of NIIF at present (referring to the time around 2017 when the question was posed). 3. Therefore, neither statement is correct.