Total Networth

1,40,418.73 Cr.

The Government Pension Fund Global was set up in 1990 by the government of Norway as a means to invest the surplus funds generated by the country’s petroleum, oil and gas industry. Also known as the Oil Fund because of this reason, this is one of the largest sovereign wealth funds in the world. The Norges Bank Investment Management (NBIM), which is a part of the Norwegian Central Bank, manages the global branch of this investment fund. Currently, as of February 2024, the portfolio of the Government Pension Fund Global carries a net worth of over Rs. 75,000 crores and consists of holdings in over 80 companies. These holdings are majorly spread across top sectors in the Indian market, such as banking, IT services, automobiles & auto components, pharmaceuticals, media and entertainment, among others. The top holdings by value in the Oil Fund’s Indian portfolio include stocks from Infosys Limited, Bharti Airtel Limited, Axis Bank Limited and Varun Beverages Ltd.