The landscape of alternative investments in India is transforming due to the rise of high-net-worth individuals (HNIs), according to an Avendus report. Traditionally focused on illiquid assets like real estate and gold, investors are now shifting towards alternative assets for better returns amid struggling public equity markets. The report anticipates HNI and ultra-high-net-worth individual (UHNI) wealth to reach USD 2,000 billion by 2027, increasing demand for alternative investment funds (AIFs). With India’s AIF market currently at USD 400 billion, favorable regulations and a growing affluent population suggest significant growth potential for alternative investments in the coming years.