Investing

AIF Category I, II, III: a plain-English explanation

Cut through the jargon. What each AIF category covers, what taxation looks like, and when each makes sense in an HNI portfolio.

Col Ashish Bhardwaj 25 April 2026 11 min

AIFs (Alternative Investment Funds) are SEBI-regulated pooled vehicles for sophisticated investors — minimum ₹1 Cr. The three categories serve very different purposes. Read the full AIF guide →

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Col Ashish Bhardwaj

Founder of Auris Wealth. Ex-Indian Army (20 years). NISM-certified Investment Adviser. Writes about wealth management for Indian and global investors.

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This article is for educational purposes only and does not constitute investment, legal, or tax advice. Please consult a SEBI-registered investment adviser before making investment decisions.

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