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The intention to create National Investment and Infrastructure Fund (NIIF) was to attract equity investments from both domestic and international sources for infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects. NIIF was registered as a Category II Alternate Investment Funds (AIF) under SEBI Regulations. The Fund is managed by National Investment and Infrastructure Fund Limited (NIIFL). Currently, there are four funds under the NIIF Umbrella. The expenditure in NIIF Funds year-wise is as below