Published on: November 19, 2022

National Investment and Infrastructure Fund

National Investment and Infrastructure Fund

Kostroma Why in news?

Guanabacoa Union Minister for Finance & Corporate Affairs, chaired the 5th meeting of the Governing Council (GC) of National Investment and Infrastructure Fund (NIIF) about investment opportunities in the economy

 About National Investment and Infrastructure Fund

  • It is India’s first infrastructure specific investment fund or a sovereign wealth fund by the Government of India
  • Objective : Maximize economic impact mainly through infrastructure investment in commercially viable projects, both greenfield and brownfield.
  • Type: Alternative Investment Fund
  • Key person: Sujoy Bose, CEO
  • Chaired : Finance Minister of India and has members from corporate bodies, investments and policy sectors.

Funds

  • Master Fund: Primarily investing in operating assets in the core infrastructure sectors such as roads, ports, airports, power
  • Fund of Funds: invest in funds managed by fund managers who have good track records in infrastructure and associated sectors in India
  • Strategic Opportunities Fund: To invest largely in equity and equity-linked instruments.
  • First investment agreement: Abu Dhabi Investment Authority (ADIA).
  • Domestic Institutional Investors : HDFC group, ICICI Bank, Kotak Mahindra Life and Axis bank