NEW DELHI: India’s affluent investors are increasingly turning to Alternative Investment Funds (AIFs), with investments in the space reaching to just under Rs 5.4 lakh crore by the end of the March 2025 quarter, a surge of 32% from the year earlier.This increase in AIF investments is being driven by the heightened market volatility and shifting global macroeconomic conditions, prompting the wealthy investors to seek more diversified and resilient portfolio options, according to investment advisory firm Multi-Act Trade and Investments.This trend marks a departure from the traditional equity-debt mix.