NATIONAL INVESTMENT AND INFRASTRUCTURE FUND (NIIF)

About: 

• Bodies involved: 
  • NIIF is an investor-owned fund manager, anchored by the Government of India (GoI) in collaboration with leading global and domestic institutional investors. 
    
    
  • The Indian government has 49 % stake in NIIF with the rest held by marquee foreign and domestic investors.  
    
    
  
  
  
• History: NIIF was set up as an alternative investment fund (AIF) in December 2016 with a planned corpus of ₹40,000 crore.
  
  
• Headquarters: Mumbai.
  
  
• Objective: To provide long-term capital to the country’s infrastructure sector.
  
  
• Funds managed: 
  • NIIF currently manages three funds each with its distinctive investment mandate namely (1) Master fund, (2) Fund Of Funds and (3) Strategic Fund.
    
    
  • The funds are registered as Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI).