Melbourne, Australia – AustralianSuper, Australia's largest superannuation fund, announced an additional AU$500 million investment into India's National Investment and Infrastructure Fund (NIIF). This latest commitment increases AustralianSuper's total investments across all asset classes in India to an impressive AU$3.3 billion.
The announcement, made on July 9, 2026, during Prime Minister Narendra Modi's visit to Australia, follows an initial AU$240 million investment in NIIF made by AustralianSuper in 2019. The fund has hailed its NIIF partnership as one of its best-performing infrastructure assets for its members.
Global Confidence in India's Growth
Prime Minister Modi welcomed the new investment, stating it was “yet another glimpse of the global confidence in India’s growth and reform trajectory.” AustralianSuper Chief Executive Paul Schroder confirmed the investment from Melbourne, highlighting the strategic importance of the Indian market.
The National Investment and Infrastructure Fund, established in 2015, serves as a key vehicle for attracting global capital to fuel India's ambitious infrastructure development goals. Its success in delivering strong returns has been a significant factor in AustralianSuper's decision to deepen its commitment.
Strategic Partnership and Economic Potential
Shaun Manuell, AustralianSuper Chief Investment Officer, emphasized the robust partnership with NIIF and the positive results achieved. “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,” Manuell stated.
He further noted that long-term capital, supportive government policies, trusted institutions, and strong partnerships are crucial for such successes. Manuell pointed to India's consistent policy framework, strong economic expansion, and a growing middle class as key drivers for the country's enhanced investment appeal. Government measures aimed at easing capital deployment for institutional investors have also played a vital role in attracting foreign funds.
“AustralianSuper is making a second investment in the NIIF because those fundamental strengths are still there and we see the potential for more returns for members,” added Manuell, underscoring the fund's optimistic outlook on India's future economic prospects.
Before this latest commitment, AustralianSuper had approximately AU$2.8 billion invested in India, spread across infrastructure, public equities, and private markets, demonstrating a long-standing and diversified engagement with the Indian economy.