Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
1st May 2019: Daily MCQs on Current Affairs for government exams (UPSC CSE/IAS exam)
6 months ago
National Investment Fund Government had constituted the (NIF) in November, 2005 into which the proceeds from disinvestment of Central Public Sector Enterprises were to be channelized. Selected Public Sector Mutual Funds, namely UTI Asset Management Company Ltd., SBI Funds Management Private Ltd. and LIC Mutual Fund Asset Management Company Ltd. were entrusted with the management of the NIF corpus. Functions (i)Investment by Government in RRBs/IIFCL/NABARD/Exim Bank; (ii)Equity infusion in various Metro projects; (iii)Investment in Bhartiya Nabhikiya Vidyut Nigam Limited and Uranium Corporation of India Ltd.(iv)Investment in Indian Railways towards capital expenditure.