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Asia and the emerging economies, especially India, are poised for the next big growth in alternative investment products. In terms of assets under management, AIFs in India are at the same stage that mutual funds were at, in 2009. The market and the industry is now geared towards a paradigm shift towards alternative investment funds. Overall investments through Alternate Invest Funds will grow at 25 per cent Compound Annual Growth Rate between 2022 and 2025, led by wealth managers providing Alternate Investment Fund products as alternatives to high net-worth individuals, family offices, and insurance firms