India family offices flock to alternative investment funds
Traditionally, foreign institutions used to account for a large share of alternative investment funds -- a situation that is gradually changing with the recent explosion in family offices in India.
India's rapidly expanding family office segment is increasingly gravitating to alternative investment funds (AIFs), a trend that is set to grow even further in the next few years.
“AIFs in India have seen significant growth in recent years,” said Jiju Vidhyadharan, senior director - funds and fixed income, CRISIL Market Intelligence & Analytics.
“Overall commitments received by the AIFs have grown at more than 32 % compounded annual growth rate between June 2019 and June 202…
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