Alternative Investment Fund or (AIF) means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors whether Indian or foreign , for investing it in accordance with a defined investment policy for the benefit of its investors.
AIFs combines the operational ease of a mutual fund and the flexibility of a PMS making it a perfect blend geared for generating optimum performance for a stipulated investment objective. To enhance risk-adjusted performance, these products can use complex strategies like unlisted equity investments, long-short hedging style of investments etc