The investment landscape is increasingly diverse, with growing interest in alternative investments globally and in India, where the sector has seen substantial growth, registering a 26% CAGR over the past five years. As of December 2023, global alternative assets under management (AUM) reached USD 22 trillion. In India, AIFs and PMS have thrived, with PMS AUM nearly tripling since 2016. These investment solutions offer customized strategies managed by experienced professionals, providing unique exposure and diversification. However, investors, especially high-net-worth individuals, should approach alternative investments cautiously, ensuring they can manage the associated risks.