At Cafemutual Confluence 2024, Anand Shah, a Chartered Accountant and Partner at IPCON, discussed the distribution opportunities of Category II AIFs, emphasizing their role in catering to high-net-worth individuals (HNIs). He noted that these AIFs function like mutual funds, providing a unit holding structure and access to unlisted securities, which are not available in PMS. Anand highlighted unique investment themes such as defense and artificial intelligence as key benefits. He recommended AIFs for investors seeking diversification and higher returns, while also sharing his criteria for selecting AIFs based on product structure and performance metrics.