AustralianSuper adds AU$500 million to India’s NIIF

Australia's largest pension fund, AustralianSuper, announced a major new investment of 500 million Australian dollars into India's National Investment and Infrastructure Fund (NIIF) on Thursday, July 9, 2026. The commitment, made during Prime Minister Narendra Modi's visit to Melbourne, significantly boosts the fund's total exposure to India across all asset classes to 3.3 billion Australian dollars.

The new capital builds on an initial 240 million Australian dollar investment AustralianSuper made in the NIIF in 2019. Fund executives stated that the original commitment has become one of its best-performing infrastructure assets, directly leading to the decision to reinvest. Chief Investment Officer Shaun Manuell called the partnership with NIIF one of AustralianSuper's most successful, saying the fund is excited to invest again to help drive returns for its members. He attributed the decision to India's strong economic growth, expanding middle class, and government policies that have made it easier for institutions to deploy capital.

Prime Minister Narendra Modi welcomed the announcement in a social media post, describing it as another sign of global confidence in India's growth...