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 2015 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).
