1.National Investment and Infrastructure Fund Operations (Infrastructure Fund)

What & Where
Government-anchored platform raising long-term capital for Indian infrastructure & strategic sectors.
SEBI-registered Category II Alternative Investment Fund, headquartered Mumbai; operational since 2015.
Functions as sovereign-wealth-linked asset manager with independent investment decisions across India.
Quick Facts for MCQs
Governance Setup
- Governing Council advises on strategy, governance, mobilisation, deployment; chaired by Finance Minister.
- 6th meeting held 2024; cadence shifted to annual reviews.
- NIIF board retains independent, commercial investment authority.
Fund Structure
- Public-private mix: 49 % Govt, 51 % global institutional investors.
- Category II AIF offers tax pass-through, no preset leverage cap.
Capital & Partnerships
- AUM ₹30k cr leverages ~4×, attracting ₹1.17 lakh cr total capital.
- Partners: sovereign wealth (ADIA), pension funds (CPPIB), multilaterals (ADB, AIIB, NDB).
- Priority sectors: Make in India manufacturing, renewable/green energy, digital infrastructure.
Key Data Points
| Feature | Data-Point |
|---|---|
| Full name | National Investment & Infrastructure Fund (NIIF) |
| Established | 2015-16 Union Budget |
| Headquarters | Mumbai, Maharashtra |
| Nodal ministry | Dept. of Economic Affairs, MoF |
| Govt equity share | 49 % |
| Foreign anchor investors | ADIA, Temasek, CPPIB |
| SEBI status | Category II AIF (Dec 2015) |
| Assets under management | > ₹30,000 cr (~US$4.9 bn) |
| Capital catalysed | ~₹1.17 lakh crore |
| CEO & MD | Sanjiv Aggarwal (Feb 2024) |
| Governing Council chair | Union Finance Minister |
| Latest council meeting | 6th, New Delhi, 2024 |
Related UPSC Prelims PYQs
Which one of the following is not a fund managed by NIIFL (National Investment and Infrastructure Fund Limited)?
With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct?











