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What is an infrastructure investment fund?

What is an infrastructure investment fund?

Infrastructure funds invest in public assets and services that people rely on to live, work and travel. These funds can invest in things like: Electric and other utility services. Water and sewage services. Waste management companies.

What is national investment fund?

The Govt. of India constituted the National Investment Fund (NIF) on 3rd November, 2005, into which the proceeds from disinvestment of Central Public Sector Enterprises were to be channelized.

What is national infrastructure investment fund Upsc?

National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund and is registered with the Securities and Exchange Board of India (SEBI) under SEBI Regulations, 2012 as a Category II Alternate Investment Fund (AIF). It provides long-term capital for infra-related projects.

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Is NIIF an organ of Niti Aayog?

National Investment and Infrastructure Fund (NIIF) is a fund created by the government of India for enhancing infrastructure financing in the country. This is different from the National Investment Fund. It is not an organ of NITI aayog.

How is NIIF funded?

Types of NIIF Funds NIIF funds were found to primarily invest in the infra-related projects across the country by building the capital from both domestic and international investors. Master Fund: This fund primarily invests in infra-related projects such as roads, ports, airports, and power.

How do I invest in infrastructure investment trust?

So you will need a Demat Account to invest in InvITs. As a retail investor, you can currently purchase units of either the India Grid Trust or the IRB InvIT Fund through the stock market. Another way to invest in InvITs is through mutual funds.

How does infrastructure investment trust work?

An infrastructure investment trust, simply put, is a pooled investment vehicle like a mutual fund. While mutual funds invest the sum received in financial securities, an InvIT invests the same in real infrastructure assets like roads, power plants, transmission lines, pipelines etc.

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Which of the following can contribute to national investment and infrastructure fund?

Government Contribution The Cash-rich Central Public Sector Enterprises (PSUs) would contribute to the Fund, that would be over and above the Government’s 49\% contribution. Similarly, the domestic pension and provident funds and the National Small Savings Fund would also provide funds to the NIIF.

Where is the headquarter of National Investment and Infrastructure Fund?

Mumbai, India
National Investment and Infrastructure Fund

Type Infrastructure Investment Wealth Fund
Headquarters Mumbai, India
Area served India
Key people Sujoy Bose, CEO
Total assets ₹27,590 crore (US$3.7 billion)

Is NIIF a government company?

The Indian Government holds a 49\% share in the NIIF. Domestic investors such as ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Life are the other notable investors in the NIIF.

Who can invest in Niif?

NIIF Investors The ADIA became the first-ever international investor in the NIIF’s master fund. The Indian Government holds a 49\% share in the NIIF. Domestic investors such as ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Life are the other notable investors in the NIIF.