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.
Esta historia es de la edición October 2023 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2023 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Chords of Success
For Saahil Goel, the deep-rooted passion for playing the guitar dates back to his high school days. Influenced by legends like Pink Floyd, Led Zeppelin, and the Pakistani band Strings, his musical journey mirrors his leadership style-balancing focus, discipline, and a collaborative spirit. Goel feels that playing guitar has enhanced his ability to balance focus and teamwork as a founder of an eCommerce shipping start-up.
IS YOUR RENT TOO DAMN HIGH?
Many small business owners struggle with their rents. Here's what to do.
HOW TO BOUNCE BACK FROM A BAD REVIEW
A one-star review can hurt your ego - and your business. But it's possible to prevent (and remedy!) this scary scenario.
HOW TO HIRE FOR THE FUTURE
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
You Can Hire Like Netflix
The streaming platform built an incredible team with a strategy called “talent density.” But you don’t need to be a tech giant to do it.
Speedy Growth Killed My Startup
We seemed to be rocking it - lots of press, major partnerships. Then we learned the harsh consequences of overlooking our customers.
Three Pivots to $100 Million
How do you find a working business model? Do it like Rowan-a brand that reinvented itself many times before finally piercing the ear-piercing market.
What Goals Actually Matter?
Some benchmarks are more important than others so what should you really care about? We asked six founders for their hardest-won lessons.
'Only the Strongest Are Going to Survive'
Brian Lee cofounded companies like LegalZoom and ShoeDazzle-and he believes a lot of conventional business wisdom is backward. Sure, it's harder to raise capital. But it's actually cheaper than ever to start a company.
HOW TRUST SAVED KFC
The former CEO of Yum! Brands explains how he turned around a struggling KFC-and the important lesson it offers for anyone in franchising.
