Alternative Investment Funds (AIF)

• What it is: Access to VC, PE, credit & hedge-style strategies.
• Use it for: Diversification, pre-IPO/PE access, yield, tactical alpha.
• Know this: Lock-ins apply; manager quality and governance matter most.
• When it fits: 5–7+ year money you won’t need.

Portfolio Management Service (PMS)

• What it is: High-conviction, customised equity portfolios.
• Use it for: Core compounding with discipline and transparency.
• Know this: Concentrated bets; measured drawdown control is key.
• When it fits: 3–5+ year equity allocation.

Quick compass for AIF and PMS

• Ticket sizes: • AIF usually ₹1Cr+ PMS ₹50L+
• Liquidity: AIFs may have lock-ins/drawdowns, PMS easier
• What to ask: Exit path, drawdowns, leverage.