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The AIF industry reported an annual growth of 30% in FY 2022-23, shows SEBI data. The AUM i.e. the commitments raised increased from Rs. 6.41 lakh crore in March 2022 to Rs. 8.34 lakh crore as on March 2023.
Of the total AUM, Category II funds account for the largest share of Rs. 6.94 lakh crore, 34% higher than last year. These funds offer exposure to real estate funds, private equity funds and funds for distressed assets which mutual funds cannot.
Category III funds comprising long short funds, long only funds and hedge funds, account for the next highest share of Rs. 80,900 crore and report an 18% annual rise.
The remaining AUM of Rs.58,929 crore came from Category I funds which grew by 10% over the last year. Category I funds invest in start-ups or early stage ventures, social ventures, SMEs or infrastructure funds.
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Cumulative Net Figures |
March 31, 2023 (Figures in crore) |
March 31, 2022 (Figures in crore) |
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|
Category of AIF |
Commitments Raised |
Funds Raised |
Investments Made |
Commitments Raised |
Funds Raised |
Investments Made |
|
|
Category I |
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|
Infrastructure Fund |
15,581 |
5,466 |
4,743 |
11,852 |
7,912 |
6,821 |
|
|
Social Venture Fund |
1,473 |
565 |
331 |
2,897 |
2,101 |
578 |
|
|
Venture Capital Fund |
41,726 |
22,191 |
18,886 |
37,445 |
18,789 |
16,234 |
|
|
SME Fund |
149 |
62 |
52 |
1,181 |
199 |
165 |
|
|
Category I Total |
58,929 |
28,283 |
24,013 |
53,374 |
29,000 |
23,798 |
|
|
Category II |
6,93,945 |
2,66,296 |
2,42,915 |
5,19,189 |
2,23,457 |
1,99,452 |
|
|
Category III |
80,900 |
71,030 |
71,055 |
68,796 |
61,406 |
60,809 |
|
|
Grand Total |
8,33,774 |
3,65,609 |
3,37,983 |
6,41,359 |
3,13,863 |
2,84,059 |
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Note: The above report is compiled on the basis of quarterly/monthly information submitted to SEBI by registered AIFs |
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