Indian Polity Current Affairs Analysis
Union Finance Minister chaired the 6th meeting of the Governing Council of National Investment and Infrastructure Fund (NIIF) in New Delhi. The meeting reviewed fund performance, strategic partnerships, and new fund launches.
What is NIIF?
oNIIF is a government-anchored investment platform thatmobilizes long-term capitalfor infrastructure and strategic sectors in India. It serves as a Sovereign Wealth Fund (SWF)-linked asset manager with independent decision-making.
Headquarters:Mumbai, Maharashtra
Nodal Ministry:Ministry of Finance, Department of Economic Affairs
Established in:2015 (Announced in Union Budget 2015-16)
Key Features of NIIF:
oPublic-Private Fund Structure:Government holds49% equity, remaining 51% from global investors such as ADIA, Temasek, and CPPIB.
oSEBI-Registered AIF:Registered as aCategory IIAlternative Investment Fund(AIF)in December 2015.
oProfessional Management:Managed by a seasoned team, currently led by CEO & MDSanjiv Aggarwal, appointed in February 2024.
oRobust AUM Growth:NIIF now manages over₹30,000 crore (US$4.9 billion)in Assets Under Management (AUM), catalysing capital worth ₹1.17 lakh crore.
oCollaborative Investment Model:Strong institutional partnerships with sovereign wealth funds, pension funds, andmultilateral banks(ADB, AIIB, NDB).
Governing Council of NIIF:
oChaired by:Union Finance Minister
oAdvises onstrategy, governance, capital mobilization, and fund deployment.
oSet to meetannuallygoing forward to guide NIIF’s evolving mandate.
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