Yes, India does have a sovereign wealth fund. It is the National Investment and Infrastructure Fund (NIIF). NIIF manages funds of over US $ 4.4 billion as of September 2020. Sovereign Wealth Funds are the state-owned investment funds. You can read about the Sovereign Wealth Fund (SWF) – Objectives, Significance of SWF in the given link.
- National Investment and Infrastructure Fund (NIIF) – Established for Infrastructure Projects
- Asian Infrastructure Investment Bank (AIIB) – Functions, Significance