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Alternative Investment Funds (AIF)

Private markets & alternatives

Access private equity, venture capital, private credit, real estate and long-short strategies through SEBI-registered Alternative Investment Funds, built for sophisticated investors with a longer horizon.

₹1 CrMinimum commitment per investor

3SEBI categories: I, II and III

2012Year of the SEBI AIF Regulations

5+Strategy styles, from PE to long-short

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Get Started in 4 Simple Steps

PAN & KYC Verification

Check or complete your KYC using your PAN

Document Upload

Aadhaar (masked) and bank proof

E-Sign

Sign your forms digitally with an OTP

Ready to Transact

Invest through the app or your RM

Overview

What is an AIF?

An Alternative Investment Fund pools money from sophisticated investors and invests it according to a defined strategy, often in assets that ordinary mutual funds cannot hold, such as unlisted companies, private credit or real estate projects. AIFs are set up as trusts, companies or LLPs and registered with SEBI. The minimum commitment is ₹1 crore per investor.

Explore

AIF Categories

Category I

Start-ups, early-stage ventures, SMEs, social ventures and infrastructure, including venture capital and angel funds.

Category II

Private equity, private credit and real estate funds that do not borrow except for day-to-day needs. The most common category.

Category III

Funds using complex trading strategies, including long-short and derivatives, often with shorter horizons.

Key Points

Popular Strategies

Private equity and pre-IPO growth funds
Venture capital funds backing start-ups
Private credit and structured debt funds
Real estate funds financing residential and commercial projects
Long-short equity funds (Category III)

Key Points

Things to Consider

Capital is usually drawn down in stages over the commitment period
Close-ended funds typically run for several years, with limited early exit
Valuations are periodic, and returns depend on the manager's skill and market conditions
Fees often include a management fee and a share of profits above a hurdle (carry)

Documents

Keep These Ready

Keep these handy for a smooth start. We never ask for your full Aadhaar number; a masked copy is enough.

PAN CardMandatory for every investor, including minors and HUFs.

AadhaarA masked copy (only the last 4 digits visible) for e-KYC and e-sign.

Bank ProofCancelled cheque or a recent bank statement showing your name and IFSC.

Passport PhotoA recent colour photograph against a plain background.

Address ProofNeeded if your current address differs from Aadhaar, e.g. passport or utility bill.

FATCA DeclarationTax-residency self-declaration; NRIs and foreign tax residents add overseas details.

FAQs

Questions, answered

What is the minimum investment in an AIF?

The minimum commitment is ₹1 crore per investor (₹25 lakh for employees or directors of the manager). Accredited investors may be eligible for lower thresholds.

Do I need a demat account?

Not always. Many AIFs issue units in statement form, although an increasing number now credit units to a demat account.

How are AIFs taxed?

Category I and II AIFs are tax pass-through: income is taxed in your hands as if you had earned it directly. Category III AIFs are taxed at the fund level, so distributions are generally received after tax.

Can I exit an AIF early?

Most AIFs are close-ended, so early exit is limited. Some open-ended Category III funds allow periodic redemptions with notice and exit loads.

What is a drawdown?

Instead of investing your full commitment upfront, the fund calls money in tranches as it finds opportunities. You need funds ready to meet each call on time.

What is a sponsor?

The sponsor sets up the AIF and, under SEBI rules, must keep its own money invested in the fund ("skin in the game").

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AIF investments carry high risk and limited liquidity. Read the Private Placement Memorandum carefully. Satco Wealth acts as an AIF distributor and does not manage any fund.

Mutual Funds

SIP Investment

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Information

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Fund Distributor – ARN: 159693 | Validity from 05/02/2025 to 04/02/2028

AMFI Registered SIF Distributor – ARN: 159693 | Validity from 04/11/2025 to 03/11/2028

APMI Registered PMS Distributor – APRN00623 | Validity from 18/02/2025 to 17/02/2028

AIF Distributor

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