ET Alpha Wealth Summit | From private credit to real estate funds, alternate investments are no longer a niche play for HNIs: Lakshmi Iyer

At the ET Alpha Wealth Summit, panelists noted that India's Alternative Investment Fund (AIF) industry is growing at more than double the pace of the mutual fund industry, with the trend expected to hold over the next five years. Lakshmi Iyer of Bajaj Alternate Investment Management highlighted that AIFs now offer HNIs access across private equity, private credit, real estate, and infrastructure, but cautioned against irrational exuberance in private credit, advocating a BARP (Buy At a Reasonable Price) framework to avoid mispricing.