With reference to ‘National Investment and Infrastructure Fund’, which

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With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct ?

  • 1. It is an organ of NITI Aayog.
  • 2. It has a corpus of ₹ 4,00,000 crore at present.

Select the correct answer using the code given below :

1 only
2 only
Both 1 and 2
Neither 1 nor 2
This question was previously asked in
UPSC IAS – 2017
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The correct answer is D) Neither 1 nor 2.
The National Investment and Infrastructure Fund (NIIF) is not an organ of NITI Aayog. It is a fund set up by the Government of India to attract investment into the country’s infrastructure sector. The initial planned corpus for NIIF was significantly less than ₹4,00,000 crore.
Statement 1 is incorrect. NIIF was established in 2015 by the Government of India as a Category II Alternative Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations, 2012. While both NIIF and NITI Aayog are government initiatives related to economic development, NIIF is a separate fund management entity, not a subsidiary or organ of NITI Aayog. Statement 2 is incorrect. The initial target corpus announced for NIIF was ₹40,000 crore (approximately USD 6 billion at the time), with the government contributing 49%. The actual funds raised and managed across its various funds (Master Fund, Fund of Funds, Strategic Opportunities Fund) are substantial but have evolved and grown over time, and ₹4,00,000 crore is not its current stated corpus or target corpus size.

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