{"id":1783,"date":"2024-03-29T21:28:20","date_gmt":"2024-03-29T15:58:20","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1783"},"modified":"2024-04-03T07:11:16","modified_gmt":"2024-04-03T01:41:16","slug":"q-with-reference-to-national-investment-and-infrastructure-fund-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-national-investment-and-infrastructure-fund-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q.\u00a0With reference to \u2018National Investment and Infrastructure Fund\u2019, which of the following statements is\/are correct?"},"content":{"rendered":"\n
    \n
  1. It is an organ of<\/strong> NITI Aayog.<\/li>\n\n\n\n
  2. 2. It has a corpus of Rs. 4,00,000 crore<\/strong> at present.<\/li>\n<\/ol>\n\n\n\n

    Select the correct answer using the code given below:<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 only<\/li>\n\n\n\n
    • Both 1 and 2<\/li>\n\n\n\n
    • Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer:<\/strong> (d) Neither 1 nor 2<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      National Investment and Infrastructure Fund<\/strong>:<\/h5>\n\n\n\n
        \n
      • National Investment and Infrastructure Fund (NIIF) is an investor-owned fund manager, anchored by the Government of India<\/strong> (GoI) in collaboration with leading global and domestic institutional investors. <\/li>\n\n\n\n
      • National Investment and Infrastructure Fund (NIIF) was set up in the year 2015<\/strong> as India\u2019s first-ever<\/strong> 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)<\/strong>. It provides long-term capital for infra-related projects.<\/li>\n\n\n\n
      • It is an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.<\/strong><\/li>\n\n\n\n
      • The primary goal of setting up NIIF was to optimise the economic impac<\/strong>t largely through investing in infrastructure-related projects.<\/strong><\/li>\n\n\n\n
      • Some of the major objectives of NIIF are as follows:<\/strong>\n
          \n
        • To raise funds<\/strong> through suitable instruments which also included off-shore credit-enhanced bonds.<\/li>\n\n\n\n
        • To attract the anchor investors <\/strong>for their participation as partners in NIIF.<\/li>\n\n\n\n
        • Servicing of the investors of the fund.<\/li>\n\n\n\n
        • To consider and approve the candidate companies, institutions, and projects for investments.<\/li>\n\n\n\n
        • To invest in the corpus created by the Asset Management Companies (AMCs) to invest in private equity.<\/li>\n\n\n\n
        • To provide advisory service <\/strong>and prepare a shelf of infrastructure projects.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Types of NIIF Funds<\/strong>\n
            \n
          • Master Fund: <\/strong>This fund primarily invests in infra-related projects<\/strong> such as roads, ports, airports, and power. Also, the master fund invests in well-established enterprises that are into a long-term agreement and are operating in a regulated environment with a good history.<\/li>\n\n\n\n
          • Fund of Funds:<\/strong> It looks to invest in funds managed by the renowned fund managers <\/strong>having an excellent track record. The fund of funds invests as anchor investors, and this enables the fund managers to accumulate more funds from the institutional investors<\/li>\n\n\n\n
          • Strategic Fund: <\/strong>This fund is registered as an Alternative Fund II<\/strong> under the Securities and Exchange Board of India (SEBI) in India. Strategic funds invest primarily in equity and equity- linked instruments.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • The\u00a0Indian government has a 49% stake<\/strong>\u00a0in NIIF with the rest held by foreign and domestic investors.\n
              \n
            • With the Centre\u2019s significant stake, NIIF is considered India\u2019s quasi-sovereign wealth fund.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • Across its three funds, it manages over USD 4.3 billion of capital.<\/strong>\n
                \n
              • Its registered office is in New Delhi.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                Select the correct answer using the code given below: Answer: (d) Neither 1 nor 2 National Investment and Infrastructure Fund:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[56],"class_list":["post-1783","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-56"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":56,"label":"2017"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1783"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1783\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1783"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}