NIIF Full Form

What is the full form of NIIF?

NIIF refers to the National Investments and Infrastructure Fund, established by the Government of India. This is the first sovereign wealth fund in India. The National Investments and Infrastructure Fund was founded in February 2015. The headquarters of NIIF is situated in Mumbai. The present Chief Executive Officer of NIIF is Mr. Sujay Bose. This scheme was created to maximise the economic impact of the country through infrastructure investments. The creation of such a fund was announced in the Union budget of 2015-2016 by Finance minister Mr. Arun Jaitley. This became a success in 2017 as the NIIF achieved its first close, almost more than 300 million.

Objectives

• Raise funds using suitable instruments.

• Attract anchor investors for their participation as partners.

• Servicing investors of the fund.

• Consider and approve candidate companies and project proposals.

• Provide advisory service.

Types of NIIF funds

NIIF currently manages three kinds of funds. These were used primarily for collecting investments both from domestic and international investors.

1. Master Fund

This type of fund was founded by investing in well-established companies. These will have a wholly regulated functioning system with long-term agreements.

2. Fund of Funds

Fund managers with good financial track records manage this type of fund investment.

3. Strategic Fund

These kinds of funds are invested in equity and equity-linked instruments, and the same is categorised as an alternative fund with the Securities and Exchange Board of India (SEBI).