According to EY data, in 2019, the AUM for AIFs stood at approximately $34.4 billion. By 2023, this figure had nearly tripled to $101.68 billion.
As of the first quarter of FY2025, the combined assets of Portfolio Management Services (PMS) and AIFs reached ₹18.87 lakh crore, with AIFs alone accounting for ₹11.79 lakh crore.
This growth represents a compound annual growth rate (CAGR) of approximately 33% over the past decade, according to industry data.
The surge in AUM has been predominantly driven by Category II AIFs, which encompass private equity, real estate funds, venture capital, venture debt, and infrastructure funds. These funds have attracted substantial interest due to their potential for higher returns and diversification benefits.
According to data from the Securities and Exchange Board of India (SEBI), as of the latest available figures, Category I AIFs have raised commitments totaling ₹83,493 crore, with funds raised amounting to ₹45,797 crore and investments made totaling ₹39,115 crore.
Category II AIFs have seen commitments of ₹9,76,045 crore, with funds raised at ₹3,44,474 crore and investments amounting to ₹2,86,959 crore.
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(Edited by : Anshul)
First Published: Feb 18, 2025 6:43 PM IST
