Beyond traditional markets. AIFs for serious capital.
Explore alternative strategies with thoughtful evaluation, portfolio perspective, and dedicated relationship support.
Access is only useful when it fits.
AIFs can open the door to differentiated strategies. They provide access to investment opportunities that are often unavailable through publicly traded markets.
Access beyond traditional markets
Explore private equity, private credit, real assets and active market strategies.
Unlock private market opportunities
Gain exposure to private equity, venture capital and other investments that are generally inaccessible through public markets.
Capture Early-Stage Growth Potential
Invest in innovative businesses at an early stage and participate in their long-term growth journey.
Navigate Every Market Environment
Explore strategies designed to identify opportunities across rising, falling and volatile market conditions.
Access Structurally Efficient Investments
Explore investment structures designed to support portfolio efficiency and long-term wealth creation.
Invest Through Specialised Strategies
Benefit from professionally managed investment strategies focused on distinct sectors, themes and market opportunities.
The starting point is portfolio role, not product excitement.
We begin with your portfolio. Not a fund list.
AIF allocation deserves a structured conversation. Choice Wealth brings portfolio context, product access, risk awareness and review discipline into one RM-led journey.
Structured wealth conversation
Your risk, liquidity, time horizon and existing allocation come first.
Category-fit thinking
We help evaluate whether Category I, II or III makes sense for the role you need.
Documentation-led process
Fund documents, risks, fees and terms are reviewed before action.
Review rhythm
AIF allocation should be tracked in context, not forgotten after execution.
Human support
An RM-led discussion built for high-value, complex portfolios.
Specific fund access, performance and terms are discussed only after eligibility and document review.
What is an AlternativeInvestment Fund?
An AIF is a privately pooled investment vehicle for sophisticated investors. It invests through a defined strategy across public markets, private markets, credit, real assets or other alternative opportunities.
Generally starts at Rs. 1 crore.
Built for sophisticated investors.
Structured as Category I, II or III.
Requires risk, liquidity, tax and fee review.
AIFs are not for every portfolio.
The right AIF conversation depends on capital size, liquidity comfort, risk appetite, investment horizon and existing exposure.
For complex portfolios that need governance, discretion and manager evaluation.
For complex portfolios that need governance, discretion and manager evaluation.
For investors looking beyond traditional equity, debt, MF and PMS exposure.
For family capital seeking private-market exposure, reporting and long-term structure.
For global Indians exploring India-focused AIF access, subject to documentation and eligibility.
For surplus capital conversations where policy, liquidity and documentation matter.
For serious investors comparing PMS, AIFs and other specialist strategies.
Eligibility alone does not mean suitability. Context comes first.
Three categories. Very different roles.
AIF category tells you the structure. Portfolio role tells you whether it fits.
Category I
Venture capital, SME, infrastructure, social impact
Long-term growth and ecosystem participation
Category II
Private equity, private credit, real estate, special situations
Private-market and structured opportunity access
Category III
Long-only, long-short, market-neutral, derivatives-enabled strategies
Active listed-market and hedge-style exposure
Category alone does not decide suitability. Your portfolio context does.
Nine checks before an AIF conversation becomes meaningful.
We review the fund through your portfolio context, not in isolation.
Portfolio role
Growth, income, diversification, hedge or private-market access.
Category fit
Category I, II or III based on role, risk and horizon.
Manager credibility
Track record, process, team depth and risk culture.
Strategy clarity
How the fund expects to generate outcomes.
Risk and liquidity
Lock-in, drawdown, exit, leverage and concentration.
Fees and tax
Management fee, carry, hurdle, expenses and tax implications.
Portfolio overlap
Existing MF, PMS, direct equity and debt exposure.
Reporting and governance
Documents, disclosures, valuation and investor reporting.
Review rhythm
How the allocation will be monitored through cycles.
AIF review should start with role, risk and rationale.
AIF is not better than PMS or mutual funds. It is different.
Each product solves a different portfolio need. The right answer depends on your capital, risk appetite and objective.
Do not compare only by returns. Compare by role, risk, liquidity, fees and tax.
The questions matter as much as the fund.
A strong AIF decision starts with sharper questions.
- 01
What role will this AIF play in my portfolio?
- 02
What percentage of my capital can stay illiquid?
- 03
Does this overlap with my PMS, MF or direct equity?
What role will this AIF play in my portfolio?
What percentage of my capital can stay illiquid?
Does this overlap with my PMS, MF or direct equity?
Questions investors ask
before considering AIFs.
Scroll through, each answer opens on its own as you move down the list.
01What is an AIF?
An Alternative Investment Fund is a privately pooled investment vehicle for sophisticated investors. It invests through defined strategies across public markets, private markets, credit, real assets or other alternative opportunities.
02Who can invest in AIFs?
AIFs are meant for eligible investors and generally require a minimum investment of Rs. 1 crore, subject to regulations and fund terms. Eligibility and documentation must be reviewed before investing.
03What are Category I, II and III AIFs?
Category I usually covers venture capital, SME, infrastructure and social impact strategies. Category II includes private equity, private credit, real estate and special situations. Category III includes long-only, long-short, market-neutral and derivatives-enabled strategies.
04Are AIFs better than PMS?
Not automatically. AIFs and PMS solve different portfolio needs. AIFs are pooled alternative strategies, while PMS is usually a managed portfolio route. Compare by role, risk, liquidity, fees, tax and fit.
05Are AIFs risky?
Yes. AIFs are market-linked and may carry capital, liquidity, valuation, manager, strategy, leverage, credit and regulatory risks. Investors should review all documents and risk factors before investing.
06What is the lock-in period for AIFs?
Lock-in and liquidity terms vary by category and fund. Category I and II AIFs are usually close-ended. Category III AIFs can be open-ended or close-ended depending on fund structure.
07Can NRIs invest in AIFs?
NRIs may be able to invest in certain AIFs subject to eligibility, documentation, fund terms, FEMA rules and applicable regulations. Specific suitability and tax implications should be reviewed separately.
08How are AIFs taxed?
Tax treatment depends on AIF category, structure, income type and investor status. Investors should review fund documents and consult a qualified tax professional before investing.
09How does Choice Wealth help with AIFs?
Choice Wealth helps eligible investors review AIFs through portfolio context, category fit, strategy role, risk, liquidity, fees, taxation, documentation and RM-led discussion.
10What should I check before investing in an AIF?
Review the portfolio role, category, manager process, strategy, risk, liquidity, fees, tax, reporting, overlap with existing investments and review cadence.