AustralianSuper doubles up on India investment

Mike Taylor

Managing Editor and Publisher

10 July 2026

Australia’s largest superannuation fund, AustralianSuper has doubled its investment in India’s National Investment and Infrastructure Fund (NIIF) noting that its initial 2019 commitment of $240 million had been one of its best performing infrastructure assets.

AustralianSuper timed the announcement of its increased commitment to the NIIF to coincide with the Australian visit of Indian Prime Minister, Narendra Modi and said that the fund’s chief executive, Paul Schroder would be attending the Australia-India Leaders’ Summit.

AustralianSuper chief investment officer, Shaun Manuell said the NIIF had been one of the fund’s most successful partnerships which is why it had decid3d to invest again.

“Our experience with NIIF demonstrates what can be achieved when long-term capital is combined with visionary policy, trusted institutions and strong partnerships,” he said.

“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,” Manuell said.

“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.”

AustralianSuper said it currently has about AU$2.8 billion invested in India across infrastructure, equities and private markets.