SEBI Regulated · Category I, II & III · Min. ₹1 Crore
Alternate Investment Funds
Go beyond mutual funds. AIFs give sophisticated investors access to private equity, hedge funds, real estate, venture capital, and structured credit — asset classes that have historically delivered superior risk-adjusted returns uncorrelated to public markets.
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Private EquityVenture CapitalHedge FundsReal Estate AIFsStructured CreditInfrastructure FundsCategory I · II · IIISEBI RegisteredExpert AdvisoryPrivate EquityVenture CapitalHedge FundsReal Estate AIFsStructured CreditInfrastructure FundsCategory I · II · IIISEBI RegisteredExpert Advisory
Understanding AIFs
Three SEBI-Regulated AIF Categories
The Securities and Exchange Board of India (SEBI) classifies Alternate Investment Funds into three distinct categories — each designed for different investment strategies and risk profiles.
ICategory I
Venture Capital & Social Impact Funds
Invest in start-ups, early-stage businesses, social ventures, SMEs, and infrastructure projects. These funds receive regulatory incentives and are viewed favourably due to their economic and social development mandate.
Venture Capital FundsSME FundsSocial Venture FundsInfrastructure FundsAngel Funds
IICategory II
Private Equity & Debt Funds
Invest in unlisted companies through equity, structured debt, or real assets. These funds do not undertake leverage except for day-to-day operational needs and are the most popular category among institutional and HNI investors.
Private Equity FundsDebt FundsReal Estate FundsFund of FundsDistressed Assets
IIICategory III
Hedge Funds & Complex Strategies
Employ diverse or complex trading strategies including derivatives, leverage, and arbitrage across listed and unlisted instruments. These funds aim for absolute returns with sophisticated risk management frameworks.
AIFs unlock an entirely different universe of returns — one that traditional mutual funds and direct equity cannot offer.
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Superior Return Potential
Private equity and venture capital have historically delivered significantly higher returns than public markets over long investment horizons, compensating investors for illiquidity and complexity.
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Low Market Correlation
AIF returns are largely uncorrelated with stock market movements, making them a powerful diversification tool that reduces overall portfolio volatility even during market downturns.
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Access to Exclusive Deals
AIFs open the door to pre-IPO investments, private credit opportunities, and institutional-grade real estate deals that are simply not accessible to retail investors in public markets.
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SEBI Regulated & Transparent
All AIFs are registered with and regulated by SEBI. Investors receive regular performance reports, audited accounts, and full transparency on portfolio holdings and valuations.
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Tax Efficiency (Category I & II)
Category I and II AIFs enjoy pass-through tax status — meaning the fund itself is not taxed. Investors are taxed in their individual hands at applicable rates, avoiding the double-taxation structure of corporations.
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Expert Fund Management
AIF managers are seasoned professionals with deep sector expertise and proprietary deal-flow networks. You gain the benefit of institutional-quality decision-making at the fund level.
The Process
How to Invest — 4 Simple Steps
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Consultation Call
Our AIF specialist understands your investment goals, risk appetite, time horizon, and return expectations to identify the most suitable AIF category and fund.
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Fund Shortlisting
We curate a shortlist of suitable AIF opportunities from our empanelled fund managers — with detailed performance track records, manager backgrounds, and strategy decks.
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KYC & Documentation
Our team assists you end-to-end with investor onboarding — KYC, agreement execution, capital commitment, and fund drawdown — making the process completely seamless.
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Ongoing Monitoring
Post-investment, we track fund performance, attend investor meetings on your behalf, and provide you with consolidated reporting across all your AIF investments.
Investor Eligibility
Who Can Invest in AIFs?
AIFs are designed exclusively for sophisticated, high-net-worth investors. SEBI mandates specific eligibility criteria to ensure investors have the capacity to bear risks associated with alternative strategies.
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Minimum Investment: ₹1 CroreSEBI mandates a minimum commitment of ₹1 Crore per investor per AIF (₹25 Lakhs for employees/directors of the fund).
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Individual Investors (Resident & NRI)Indian residents and Non-Resident Indians (NRIs) who meet the minimum investment threshold are eligible to invest in all three AIF categories.
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Corporate & Institutional InvestorsCompanies, LLPs, trusts, family offices, and institutional bodies can invest in AIFs — often with access to larger, exclusive fund tranches.
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Foreign Portfolio Investors (FPI)Foreign investors can participate in Category I and II AIFs subject to SEBI FPI regulations and applicable FEMA provisions.
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KYC & Risk Profiling RequiredAll investors must complete full KYC and sign an investor suitability declaration confirming understanding of AIF risks and investment horizon.
Ideal For
Built for the Discerning Investor
AIFs are not for everyone — they are for those who think beyond conventional markets and seek exceptional, differentiated returns over long horizons.
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HNIs & Ultra-HNIs
Investors with substantial liquid net worth looking to allocate 10–25% of their portfolio to alternatives for superior risk-adjusted returns beyond conventional instruments.
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Family Offices
Multi-generational wealth structures that require access to exclusive deals, private equity co-investments, and bespoke fund structures not available in public markets.
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NRI Investors
Non-resident Indians seeking high-quality exposure to India's private growth story — through professionally managed, SEBI-regulated structures with full repatriation rights.
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Corporate Treasuries
Businesses with surplus capital looking to deploy funds into structured credit, real estate AIFs, or debt strategies that offer better yields than traditional fixed-income products.
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Sophisticated Equity Investors
Seasoned investors who have maximised their public market exposure and want to tap into pre-IPO, unlisted equity, and structured growth opportunities via Category II AIFs.
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Real Estate Allocators
Investors seeking managed real estate exposure without the hassle of direct ownership — through professionally structured real estate AIFs with institutional-quality assets.
₹9.3L Cr+AIF Industry AUM (India)
1,400+SEBI Registered AIFs
10+Years of Advisory Expertise
4.9★Client Satisfaction Score
Client Stories
What Our AIF Investors Have to Say
"
Amyra Securities helped me understand AIFs from scratch. I was unsure about locking ₹2 Crore for 5 years, but their advisor walked me through the fund strategy, exit mechanisms, and risk factors in complete detail. The Category II PE fund they recommended has returned 22% IRR in 3 years.
V
★★★★★
Vikram Malhotra
Entrepreneur, Gurugram
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As an NRI, I had always wanted exposure to India's private market growth but didn't know how to navigate FEMA and repatriation rules. Amyra handled everything end-to-end — the legal paperwork, KYC, and even the capital account structure. Seamless experience.
P
★★★★★
Priya Nair
NRI Investor, Singapore
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My family office had been entirely in traditional assets — equity, FDs, and direct real estate. Amyra's team built a compelling case for alternatives and helped us allocate 20% of our corpus to a mix of Category I and II AIFs. It has transformed our overall portfolio returns profile.
R
★★★★★
Rohit Singhania
Family Office, New Delhi
Get Started
Start Your AIF Investment Journey Today
Our AIF specialists will assess your investment profile, explain the best-fit strategies, and guide you through the entire onboarding process — from fund selection to capital commitment.
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Call Us
+91 8920746260
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Email
info@amyrasecurities.com
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Office
House No. A4, Second Floor, Chottey Lal Park, Pro ultimate gym building , Najafgarh road , Ramesh nagar , New Delhi - 110015 ( Landmark: Metro Pillar 340 )
Centricity, 1105, 11th floor , Antriksh Bhawan , K G marg , Delhi -110001
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Hours
Mon – Sat: 9:00 AM – 6:00 PM
Common Questions
Frequently Asked Questions
SEBI mandates a minimum investment of ₹1 Crore per investor per AIF scheme. The only exception is for employees or directors of the AIF or its manager, for whom the minimum is ₹25 Lakhs. Each AIF scheme can have a maximum of 1,000 investors (except Angel Funds).
Unlike mutual funds which invest in publicly listed securities and are open to retail investors, AIFs invest in private, unlisted, and alternative assets such as private equity, venture capital, real estate, and hedge strategies. AIFs have higher minimum ticket sizes (₹1 Crore vs as low as ₹500 in mutual funds), longer lock-in periods, and are available only to sophisticated investors. In return, they offer access to exclusive opportunities and higher return potential.
Lock-in periods vary by category and fund strategy. Category I and II AIFs (close-ended) typically have a lock-in of 3 to 7 years. Category III AIFs (hedge funds) can be open-ended with quarterly or annual redemption windows. The fund's Private Placement Memorandum (PPM) specifies exact lock-in and liquidity terms before you commit capital.
Category I and II AIFs have pass-through tax status — the fund itself is not taxed, and income is taxed directly in the hands of investors at their applicable individual or corporate tax rates. Category III AIFs are taxed at the fund level. Capital gains from equity-oriented AIFs are taxed as short-term (15%) or long-term (10% above ₹1 Lakh) capital gains depending on the holding period. We strongly recommend consulting a tax advisor for your specific situation.
Yes, NRIs can invest in Category I and II AIFs in India. Investments are typically made through NRE or NRO accounts subject to FEMA regulations. Repatriation of principal and returns is permitted for NRE-based investments. Our team handles the complete regulatory and documentation process for NRI investors to make onboarding seamless.
We provide end-to-end AIF advisory — from educating you on the asset class and helping you choose the right category and fund, to full onboarding support including KYC, documentation, and capital commitment. Post-investment, we provide ongoing portfolio monitoring, performance reporting, and represent your interests at investor advisory councils. Our fee is disclosed upfront with no hidden charges.
AMFI Registered ARN Holder · SEBI Registered | Investments in Alternate Investment Funds (AIFs) are subject to market risks and are suitable only for sophisticated investors. AIFs are not regulated as mutual funds. Minimum investment is ₹1 Crore per SEBI regulations. Past performance of any AIF or fund manager is not indicative of future results. Investors should read the Private Placement Memorandum (PPM) carefully before investing. Indicative returns shown are for illustration purposes only and do not constitute a guarantee of returns. Tax treatment is subject to applicable laws and individual investor circumstances. Please consult your financial and tax advisor before investing. This page is for informational purposes only and does not constitute an offer or solicitation to invest.
