NIIF: - The Specific Investment Fund
Have you ever listened about some investment funds? I think I got most of the answers is yes. Because at this time there are many types of investment companies and some online platforms.
But here discussed the
investment fund which is established by the government of India.
There is much positive
reason behind the establishment of this Investment fund which is known as the
National Investment Infrastructure Fund.
· To Manage some common investment on an international
level.
· To control the flow of investment for economic development.
· To make some economic relationship with some
international companies.
Points to Know About NIIF specific
Investment Fund
· This was India’s first and the biggest infrastructure
and specific investment fund which comes under the fund's management Industry.
· The government of India set up this investment fund to
manage and to save some economic impact.
· The Investment of 20,000 was made by the government of
India in the establishment of NIIF.
· The department of economic affairs and the finance
minister Arun Jaitley plays an important role when NIIF was set up.
· NIIF comes under the industry of funds management and
Institutional investment.
· It is also known as the alternative investment fund.
Some Important Persons and Dates
About NIIF
· National Investment and Infrastructure fund was set up
in February 2015.
· Arun Jaitley was the person who announced NIIF
officially and said that it comes under the government of India.
· The first flow on investment in this infrastructure
was 20,000 crores approved by the government of India.
· The first meeting of the governing council and
department of economics for NIIF was held in December 2015.
· In December 2015, NIIF was attached with SEBI, in
category 2 with an alternative investment fund.
· June 2016, was the time when MR. Sujoy Bose was
announced as the CEO of National Investment and Infrastructure funds.
· Sujoy Bose before NIIF was the director of the
infrastructure and natural resources.
· The Amount is US$4.4billion, managed by NIIF in
September 2020.
· National Investment and infrastructure fund plays an
important role in a government mission Atam Nirbhar Bharat.
· The 6000-crore amount of investment was approved by
the union cabinet in NIIF for Atam Nirbahr Bharat Mission.
Funds And Investors of NIIF
For the proper
management of NIIF, they need some funds type and they also want some
International investors.
NIIF manage three types
of funds, they are Fund of Funds, Master Funds and Strategic Investment funds.
· Fund of Funds manages the investment of investors who
have a good track record in the infrastructure of associated sectors.
· Master Funds manage the investors who have an interest
in some sectors like Road, Power and Airports.
· Strategic Investment fund was registered to manage
some international or international investment.
Note: - ADIA (Abu
Dhabi Investment Authority) is the
first international investment company in NIIF. They signed on the investment
agreement of $1 Billion.
Note: - AIIB (Asian
Infrastructure Investment Bank) is
the second biggest investor of NIIF, they invested $200 million and become th
second largest investor of NIIF.
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