With the rise in the number of HNIs in India, there has also been an increase in their interest in seeking personalized solutions to help them diversify and grow their wealth (at a much higher rate than commonly available investment options). Few years back, they had only portfolio management services (PMS) to manage their wealth and generate returns higher than the market or mutual funds. But in the last few years, Alternate Investment Funds (AIFs ) have become a preferred choice for many wealthy individuals. The figures substantiate this. As of March 2023, the AUM of AIFs totalled INR 8.34 lakh crore according to SEBI data. In March 2019, that figure was INR 2.82 lakh crore, which is an increase of more than 4x in the last five years. Also, the industry has witnessed a steep increase in the number of AIFs in the country from mere 366 in 2018 to above 800 in 2022.
So what is driving the growth of AIFs? “The growth in AIF commitments is a cumulative effect of multiple factors. As existing managers raise larger funds and new managers emerge in every vintage, we are seeing growth in the participation of domestic capital being committed to AIFs. Also, there is a clear refinement in the quality of founders with know-how from winners and downfalls that the PE/ VC ecosystem has seen in the last decade and a half,” says Vaibhav Laxmeshwar, Vice President, Alternative Investments & Fund of Funds, Waterfield Advisors.
Diese Geschichte stammt aus der October 2023-Ausgabe von Entrepreneur magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 2023-Ausgabe von Entrepreneur magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
