India enjoys alternatives boom

Indian_stocksIndia has enjoyed a boom in alternative investment funds (AIFs) in recent years due to a combination of regulatory reforms and a rising number of high net-worth individuals seeking “sophisticated and niche” strategies, according to Cerulli Associates. The number of AIFs registered with the Securities and Exchange Board of India skyrocketed from 253 in June 2016 to 541 as of March 2019, the global research and consulting firm noted in a statement. “Following the re-categorisation of mutual fund schemes, asset managers have been exploring other avenues offering a greater scope of product innovation, compared to mutual funds. AIFs offer innovative and high-risk strategies, as their investment stipulations are less strict than those of mutual fund vehicles,” said Ayushi Bainwala, an analyst at Cerulli. “The industry can expect an increasing number of alternative products and strategies to be launched in the near future,” she added. Total commitments by investors between December 2015 and June 2018 shot up by 485%, reaching $25.8 billion, while total investments made by AIFs rose 434%, reaching $10.7 billion, figures by Cerulli showed. ©2019 funds global asia

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