AustralianSuper invests another AU$500 million in India’s NIIF

AustralianSuper, the pension fund manager of Australia, has announced AU$500 million (around over ₹3,300 crore) in India’s National Investment and Infrastructure Fund (NIIF). With this, the Fund’s overall holdings in India across all asset classes to surged to AU$3.3 billion.

“This is yet another glimpse of the global confidence in India’s growth and reform trajectory. It also reflects the immense opportunities that our dynamic economy offers global investors,” Prime Minister Narendra Modi wrote in a social media post. During his visit, Paul Schroder, Chief Executive of the Fund announced the investment.

“Thank you @PMOIndia for championing greater investments in India and strengthening the #NIIF. Under PM @narendramodi ji leadership, India continues to be the fastest growing economy,” Finance Minister Nirmala Sitharaman said in a social media post. As on December 31, 2025, AustralianSuper manages more than $410 billion in members’ retirement savings on behalf of more than 3.6 million members from more than 485,000 businesses

According to a statement by fund house, the new investment announced today follows an original NIIF commitment of AU$240 million in 2019, which has been one of the Fund’s best performing infrastructure assets for its members. ‘AustralianSuper’s investment in the NIIF has been one of our most successful partnerships and that’s why we’re excited to invest again to help drive returns for members,’ AustralianSuper Chief Investment Officer Shaun Manuell said.

“AustralianSuper’s investment in the NIIF has been one of our most successful partnerships and that’s why we’re excited to invest again to help drive returns for members,” AustralianSuper Chief Investment Officer Shaun Manuell said. “Our experience with NIIF demonstrates what can be achieved when long-term capital is combined with visionary policy, trusted institutions and strong partnerships,” he added.

Manuell said policy consistency was a key factor behind the decision. “India is an attractive place to invest due to its strong economic growth and expanding middle class, and the Indian government has made it easier for institutions to deploy capital successfully,” he said while adding that a second investment is being made in the NIIF because those fundamental strengths are still there. “We see the potential for more returns for members,” he said.

The NIIF is a sovereign-linked alternative asset manager anchored by the Government of India, catalysing global capital to invest in sectors and asset classes that drive India’s growth story. NIIF currently manages capital commitments of approximately ₹40,000 crore across its funds and investment strategies. It has demonstrated a strong track record of capital deployment and realisations, having returned close to ₹12,000 crore to investors through large portfolio exits.