Less than a decade since launch, AIF commitments to cross Rs 7 trn mark

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

A relatively recent class of investment vehicles for the wealthy is expected to have crossed Rs 7 trillion in commitments less than a decade after launch.

The Rs 38.4 trillion mutual fund industry took decades after the launch of the first scheme was launched in 1963 to get to similar levels in nominal terms. The alternative investment fund (AIF) segment began gathering assets in financial year 2012-13 (FY13). The AIF segment has a minimum investment threshold of Rs 1 crore unlike mutual funds which can also absorb investments of less Rs 1,000.

There is optimism that the Rs 7