In October 2017, NIIF signed the first investment agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA).[13] After this partnership agreement, ADIA became the first international institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Fund Ltd along with Government of India who became 49% shareholder.[14][15] Domestic Institutional Investors (DIIs) such as HDFC group, ICICI Bank, Kotak Mahindra Life and Axis bank are also contributors in NIIF’s Master Fund.[16]