ETMarkets Smart Talk: AIFs typically make up about 15-20% of UHNI portfolio: Gautami Gavankar

economictimes.indiatimes.com:

“Alternative investments through (AIFs) typically make up about 15-20% of their overall profile," Gautami Gavankar, CEO, Estate Planning and Trusteeship at Kotak Mahindra Trusteeship Services Limited.

In an interview with ETMarkets, Gavankar said: “PMS has always been a part of the industry, but for the last couple of years, there has been a momentum in AIF,” Edited excerpts:

We are inching towards the last month of 2023 – any key learnings from the wealth space that you have come across and will hold true in the coming years as we all know that we live in a dynamic environment? What are the requests that you are getting from your clients when it comes to managing wealth – are they open in taking more risks compared to the past and exploring new products?
The average age of HNI and UHNI investors has been dropping, accompanied by significant wealth creation in recent years.

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This has also translated into improved risk appetite, with investors becoming increasingly well-informed.

Consequently, riskier products like equities, private equity funds, unlisted equities, and private credit have gained substantial traction.

Also, investors are looking at offshore investments and having global diversification. We’ve further observed a notable surge in establishing offshore family offices and family investment funds (FIFs).

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Due to recent regulatory changes,