What is the minimum investment in an AIF?

The minimum investment in AIF in India is ₹1 crore as per SEBI rules, making these funds suitable for HNIs, NRIs and family offices looking to participate in premium alternative investments in India

What expenses are included in the head of Operating Expenses?

Operating expenses include fund administration, compliance, audit, custody, trustee fees, and other recurring expenses.

Compare AIF Funds
in India — Category I, II & III

The AIF Platform gives investors a single, structured space to explore Category I, II, and III funds side by side. Compare strategy, risk profile, historical returns, tenure, and minimum AIF investment across verified AMCs, so you can shortlist funds that genuinely match your financial goals — without wading through scattered brochures.

India's Growing AIF Investment Landscape

Key statistics that reflect the breadth, depth, and structure of the funds available for comparison on our platform.

India's AIF industry has scaled rapidly, with SEBI-tracked commitments crossing ₹15.74 lakh crore and capital raised exceeding ₹6.78 lakh crore as of December 2025. Over ₹6.45 lakh crore has already been deployed across startups, infrastructure, private equity, and credit markets — reflecting the depth and maturity of the funds featured on this platform.

₹15.74+ lakh crore

Total AIF commitments in India

₹6.78+ lakh crore

Capital raised by AIFs

₹6.45+ lakh crore

Investments deployed across sectors

WHAT IS AMC

AIF Comparision Returns

Understand the key differences between Category I, II, and III Alternative
Investment Funds to make informed investment decisions.

0 Key Parameters Compare each AIF category across key parameters including investment focus, market type, leverage, risk profile, strategy, and minimum investment.	01 CAT I Returns Growth-Focused Investments Invests in startups, SMEs, infrastructure, and socially impactful sectors with a focus on long-term capital appreciation.	02 CAT II Returns Private Capital Investments Invests in private equity, debt, and other alternative assets with a focus on long-term value creation.	03 CAT III Returns Market-Driven Investments Invests using diverse market strategies, including leverage, with a focus on generating risk-adjusted investment returns.
Primary Focus	Venture Capital, SME Funds, Infrastructure Funds, Social Venture Funds	Private Equity, Debt Funds, Real Estate, Special Situation Funds, Funds of Funds	Long-only Equity Funds, Hedge Funds, Quant Funds, PIPE Funds
Market Type	Primarily Unlisted	Primarily Unlisted	Listed & Public Markets
Leverage	Not Allowed	Not Allowed	Allowed (within SEBI limits)
Risk Profile	Moderate – High	Moderate	High
Strategy Type	Early Stage / Infrastructure	Growth Capital / Income	Long-Short / High-Alpha
Minimum Investment & Commitment	₹1 Cr minimum per investor; Lock-in: 3–8 years	₹1 Cr minimum per investor; Lock-in: 3–5 years	₹1 Cr minimum per investor; Lock-in: 2–3 years (often open-ended with periodic redemption windows)

Category-Wise Return Trends

Visualize historical returns for Category I, II, and III AIFs to compare long-term performance trends and consistency.

No return trends data available

WHAT IS AMC

AIF vs PMS vs Mutual comparison

Understand the key differences between Category I, II, and III Alternative
Investment Funds to make informed investment decisions.

0 Key Parameters Compare each AIF category across key parameters including investment focus, market type, leverage, risk profile, strategy, and minimum investment.	01 AIF Growth-Focused Investments Invests in startups, SMEs, infrastructure, and socially impactful sectors with a focus on long-term capital appreciation.	02 PMS Private Capital Investments Invests in private equity, debt, and other alternative assets with a focus on long-term value creation.	03 Mutual Fund Market-Driven Investments Invests using diverse market strategies, including leverage, with a focus on generating risk-adjusted investment returns.
Structure	Pooled, privately placed fund (trust / LLP / company)	Individual, segregated portfolio held directly in investor's own demat account	Pooled trust structure; investor holds units, not the underlying securities
Regulator	SEBI (AIF) Regulations, 2012	SEBI (Portfolio Managers) Regulations, 2020	SEBI (Mutual Funds) Regulations, 1996
Investor Base	HNI / UHNI / institutional	HNI (accredited or above threshold)	Retail + institutional — no accreditation needed
Minimum Investment	₹1 Cr per investor	₹50 lakh per client	No statutory minimum (SIPs from as low as ₹500)
Customization	Fund follows one strategy; investors buy into it, no per-investor tailoring	Fully customizable portfolio per client's goals / risk profile	Standardized scheme — same portfolio for all unit holders
Leverage	Not allowed (Cat I/II); allowed within SEBI limits (Cat III)	Generally not used	Only via derivatives for hedging, not for leverage
Liquidity	Low — Cat I/II typically close-ended with 3–8 yr lock-in; Cat III often has periodic redemption windows	Moderate — no mandated lock-in, but exit loads may apply	High — most schemes are open-ended with daily redemption
Taxation	Cat I/II: pass-through (investor taxed directly, fund exempt). Cat III: typically taxed at the fund level	Investor taxed directly on capital gains, since securities sit in their own name	Pass-through; investor taxed per equity / debt capital-gains rules
Risk / Return Profile	Moderate to high, strategy-dependent	Moderate to high, depends on mandate	Ranges widely by scheme category (low to high)

Why Compare AIF Funds on Our Platform

The AIF Platform is designed to simplify access to the growing universe of Alternative Investment Funds.

Everything you need to Evaluate & compare AIFs in one place

Explore, track, and compare Alternative Investment Funds across strategies, sectors, and categories on one unified platform. The AIF Platform brings structured insights into India’s growing alternative investment ecosystem, enabling investors to discover funds, analyze strategies, and monitor developments shaping the private capital markets.

Detailed Fund Insights & Risk Factors

Understands each fund investment thesis, risk factors, lock-in terms and stay updated with AIF regulations.

Fund Launches and Closures

Track newly launched AIF schemes, fund closures, and capital raising milestones within the alternative investment ecosystem.

What You Can Compare

Evaluate Alternative Investment Funds across the parameters that matter most — financial, strategic, and operational.

Risk & Performance Outlook

Review target IRR, risk classification, capital deployment timelines, and downside considerations to better understand potential outcomes and volatility.

Investment Structure

Fund Management & Operations