A weekly letter on the movements of state capital. Free, by email.
NIIF · established 2015 · niifindia.in
USD 4.9bn · as of 2026-08 · fund-reported / official · source · retrieved 2026-09-01
Own-site figure (undated; accessed 2026-08-31); excludes Fund II first close ~USD 2bn announced 2026-08-31; manages third-party capital
Rank #92 in The Sovereign 100 (2026).
| ●● | AUM disclosure |
| ●● | Audited financials |
| ●● | Reporting cadence |
| ●● | Holdings detail |
| ●● | Performance |
| ●● | Governance |
| ●● | Strategy & allocation |
| ●● | Regulatory filings |
AUDITED 2026-09-01 - grade F(4/16) to C(10/16), a TWO-LETTER correction. The prior score apparently never opened /statutory-information/, which is not in the main nav and holds 44 of NIIF's own statutory PDFs: seven years of MGT-7 annual returns, AGM notices, four VERBATIM AGM TRANSCRIPTS (naming the statutory auditor, shareholder roll call, realised exit IRR and capital returned), four quarterly resolution-level proxy-voting disclosures with written rationale, and eight board-approved policies. C3=2 on that quarterly voting cadence plus an unbroken monthly economic research run. C4=2: holdings named across 125 dated timeline entries and a state/sector map. C2=1 is the single genuine gap and it is a REGRESSION not a policy - NIIF used to publish full audited statements (the 2019-20 PDF is still search-indexed but now 404s), and the MGT-7 filings that would carry summary financials are published in name only, all AES-256 password-encrypted and unopenable.
Work at National Investment and Infrastructure Fund — or know these numbers better than we do? Send corrections or newer figures with supporting documents. Verified updates are applied within one business day and credited in a public changelog — institutions that engage are how this record stays accurate.
Email a correctionCite as: Capital Almanack, “The Sovereign 100” (2026), capitalalmanack.com/funds/niif.html