Alternative investment funds (AIFs) — pooled investment vehicles catering to high net worth individuals (HNIs) — saw a 30 per cent increase in investment commitments during financial year 2022-23 (FY23).
At the end of March 2023, the total investment commitments raised stood at Rs 8.33 trillion, up Rs 1.92 trillion from Rs 6.41 trillion at the end of March 2022.
A commitment is the money clients are willing to put into AIFs. These funds typically invest in unlisted companies, start-ups, early-stage ventures, real estate, and distressed assets in search of higher yields.
Meanwhile, the total investments made by the AIF