Mumbai : India’s alternative investment ecosystem has entered a defining phase, with portfolio management services (PMS) and alternative investment funds (AIFs) collectively crossing Rs 23 lakh crore in assets (as on September 2025) in the last 10 years, a report showed on Friday. Over the past 10 years, these investments have grown at a remarkable compound annual growth rate (CAGR) of 31.24 per cent, surging from Rs 1.54 lakh crore to Rs 23.43 lakh crore.

This massive shift comes at a time when global macro uncertainty is pushing investors to look beyond traditional equity and debt instruments, according to data compiled by PMS Bazaar. It reveals a decade-long transformation marked by rapid expansion, deepening institutional participation, and a decisive shift among affluent investors t

See Full Page