Our Terms & Conditions | Our Privacy Policy
Mumbai: CII’s 2nd edition of Alternatives Investment Fund (AIF) Summit saw deliberations among industry stakeholders on rising power of AIFs, asset-class trends, and evolving regulatory frameworks in the industry. Regulators, wealth advisors, and bankers concurred on the rising AIF market potential and observed AIFs as aligning with India’s economic aspirations.
Mr Ananth Narayan Gopalakrishnan, Whole Time member, Securities & Exchange Board of India (SEBI) said, “AIF ecosystem is bound to grow in a sustainable manner to meet India’s growing economic aspirations. India and the AIF market stand as a beacon of hope even as global markets are witnessing times of uncertainty. The right balance of regulation coupled with investor protection is crucial to nurture the AIF industry.”
He further added that several compliance and governance aspects have been deliberated among SEBI and industry stakeholders. These include aspects like creating an investor-friendly environment, light-touch regulations, moving to an accredited investor regime, valuation, and the deployment of technology. The AIF industry can be a gold-egg laying goose, and has to be nurtured with governance and policy support. Creating trust and a healthy eco-system is crucial to AIFs which compliment India’s aspirations of economic growth.
Dr Ruchi Chojer, Executive Director, Securities & Exchange Board of India (SEBI) said “AIF industry has recorded CAGR of 30% and commitments have surpassed the Rs 12-trillion mark for the first time. As regards light-touch regulations, we are committed to nurturing the AIF industry, but we are also approaching a multi-pronged approach to balance growth and regulation, leveraging technology and data-driven decision-making approaches.”
Mr UK Sinha, Former Chairman, Securities & Exchange Board of India (SEBI), said, “AIFs have achieved the Rs 5 lakh crore milestone, but there is a huge potential for growth. The mutual-fund industry’s AuM (Assets under Management) stood at Rs 6 lakh crore in 2012 and today, AUMs have surpassed Rs 68 lakh crore. The mutual fund growth has been phenomenal with offices across tier-4 and tier-5 cities of India. The AIF industry has the capability to support entrepreneurship, provide capital to businesses, create employment and participate in nation building.”
Mr Rakesh Jha, Co-Chairman, CII WR Taskforce on Banking & Finance (2024-25) & Executive Director, ICICI Bank, said, “As Indian financial markets evolve, AIFs offer unique opportunities to investors and necessary capital for economic growth. The rising growth of AIFs underscores the appeal among sophisticated investors who seek high returns and diversification. From wealth management perspective, AIFs through their customized investment strategies, help investors like High-Net-worth Individuals (HNIs) and institutional investors find value in multiple asset classes.”
Mr Sundeep Sikka, Chairman, CII WR Taskforce on Banking & Finance & Executive Director & CEO, Nippon Life India Asset Management, said “While mutual funds are perceived as a go-to investment option, AIFs too have shown remarkable growth, momentum and the right attention from investors and policymakers. The growth witnessed in this space is phenomenal with Rs 12 lakh crore in commitment and 4 times increase since September 2019. AIFs are providing much-needed capital, enabling India to pursue economic aspirations, stimulating sectors and generating employment.”
Mr Rishi Kumar Bagla, Deputy Chairman, CII Western Region 2024-25 & CMD, BG Electrical & Electronics India Ltd, said “India has significant potential to grow and meet its economic targets by 2047. An economy estimated to be worth USD 30 trillion by 2047 would need to provide businesses with access to capital. India also needs investment avenues for the smart, intelligent, and knowledgeable investor. AIF is a high-risk category, but it checks all the boxes and is a reliable tool in creating an aspirational and resilient India.”
Discussions at the CII Alternatives Investment Fund Summit also delved into critical regulatory aspects, strategies for bridging capital gaps in underserved sectors, and the adoption of innovative technology stacks to enhance fund management. Participants also emphasized the need for a cohesive policy environment to attract global investors and streamline compliance. Emerging trends such as sustainability-linked investments and the role of fintech in advancing the AIF ecosystem were also explored at the CII summit.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.