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The AIF industry grew by 42% in FY 2022 to reach an AUM (known as commitments raised in AIF parlance) of Rs. 6.40 lakh crore from Rs. 4.50 lakh crore, shows latest SEBI data.
Category II funds accounted for the majority of the commitments at Rs. 5.20 lakh crore at the end of March 2022. The amount is 46% higher than the March 2021 figure of Rs. 3.60 lakh crore.
Category II funds include real estate funds, private equity funds and funds for distressed assets. These funds offer exposure to assets in which traditional mutual fund schemes cannot invest.
AIF data as on March 31, 2022 (Source: SEBI):
|
(All figures in Rs. Crores) |
|||
|
Category of AIF |
Commitments Raised |
Funds Raised |
Investments Made |
|
Category I |
|||
|
Infrastructure Fund |
11,852.40 |
7,911.52 |
6,821.32 |
|
Social Venture Fund |
2,896.52 |
2,100.54 |
578.17 |
|
Venture Capital Fund |
37,444.56 |
18,789.24 |
16,233.83 |
|
SME Fund |
1,180.58 |
198.80 |
164.70 |
|
Category I Total |
53,374.06 |
29,000.10 |
23,798.02 |
|
Category II |
5,19,189.47 |
2,23,457.30 |
1,99,451.62 |
|
Category III |
68,795.58 |
61,406.01 |
60,809.00 |
|
Grand Total |
6,41,359.11 |
3,13,863.41 |
2,84,058.64 |
Note: The above report is compiled on the basis of quarterly / monthly information submitted to SEBI by registered Alternative Investment Funds.
Category I and Category III funds accounted for the rest of the commitments. As of March-end, while Category I had an AUM of Rs. 53,000 crore, Category III AIFs were managing Rs. 69,000.
Category I funds invest in start-ups or early stage ventures, social ventures, SMEs or infrastructure funds. Category III AIFs include long short funds, long only funds and hedge funds.