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HNIs make beeline to alternate funds; kitty swells 112%

DNMUM400826 | 11/15/2017 | Author : Kumar Shankar Roy | WC :782

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Mumbai: The stock market regulator-controlled investment vehicles -- known as alternative investment funds (AIFs) -- have reported a massive growth in terms of investments made and funds raised in recent times.
AIFs have commitments of over Rs 1.1 lakh crore, funds raised over Rs 61,000 crore and investments made to the tune of Rs 43,000 crore, recording a 70-112% growth in last 12 months, as per Securities and Exchange Board of India (Sebi) data.
Market experts say AIFs are popular as they offer best of both mutual funds and portfolio management services (PMS), giving more freedom to fund managers in terms of investment strategies, lower costs and performance.
AIFs are basically privately-pooled investment funds, categorise
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