Eligibility for AIFs: Who Can Invest and Minimum Requirements

AIFs are primarily designed for high net‑worth individuals (HNIs), family offices, and institutional investors. The regulatory framework mandates a minimum subscription of INR 1 crore, which effectively excludes most retail participants. Prospective investors must also be comfortable with a longer lock‑in period, as exits are typically limited to specific windows defined by the fund’s agreement. In addition to capital, investors should possess a clear understanding of the fund’s strategy, the underlying asset class, and the associated risk‑return profile before committing.