According to Sebi data, the AIF industry has demonstrated robust annual growth of 30% during FY22-23. Category II AIFs, which include debt funds, stood out with the largest share of overall AUM at INR6.94 lakh crore in March 2023. However, AIFs come with their own set of risks. Hence, a proper risk-management framework is a must.
The unprecedented crisis triggered by Franklin Templeton Mutual Fund in 2020 in its credit risk funds has created a huge prospect for Alternative Investment Funds (AIFs) as means of mitigating credit risk. Sensing this opportunity, Santosh Kamath, the celebrity fund manager who headed fixed income division of Franklin Templeton, has now been moved to India alternatives business to launch credit risk funds targeted towards sophisticated
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