Over the past five years, the AIF commitments in India have witnessed an impressive five-fold growth, increasing from approximately 1.7 lakh crore INR to around 8.3 lakh crore INR as of FY 23. Likewise, the PMS industry has experienced a two-fold growth during the same period, rising from around 2.5 lakh crore INR to approximately 4.9 lakh crore INR.