The Association of International Wealth Management of India (AIWMI) along with the leading fund houses has set up the Indian Association of Alternative Investment Funds (IAAIF). The formation of association is aimed at setting up standards and to provide a voice for the emerging alternative investments sector in India. The current charter members of IAAIF are Ambit Investment Advisors, Arthveda, Ativir, DSP Blackrock Investment Managers, Edelweiss Alternative Asset Advisors, Harmony Capital, India Infoline Asset Management, IFMR Investment Managersand Unifi Capital with many other prominent institutions currently in the onboarding stage. Current affiliate members are Milesoft Technologies and Amicorp Trustees. Alternative investments industry is increasingly getting on track to be a bigger force in the broader Indian capital markets, IAAIF said in statement. According to it alternative investments are no longer just aimed at the super wealthy and institutional investors. An increasing number of clients across different segments are getting drawn to the significant benefits, it said.
