Overview According to a recent study conducted by PMS Bazaar, the alternative investment landscape in India, which includes both Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), has demonstrated remarkable growth, outpacing the expansion observed in traditional mutual funds in recent years. AIFs have emerged as trailblazers in India's investment landscape, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 36% over the last five years.