ETMarkets AIF Talk: Alternatives AUM is expected to accelerate at 11.5% CAGR over the next 5 years: Vikaas M Sachdeva

AIF industry has a direct correlation with the growth of wealth and the wealthy in India. Quantum of HNIs (net worth above USD 1 million) & UHNIs (net worth above USD 30 million) is expected to grow by 75% & 39% in the next 5 years respectively.