Crisil launches new benchmark for investment vehicle aimed at the affluent

'Sub category' will help companies and clients in comparing various alternative investment funds.

Crisil Research on Thursday launched a new "sub-category" level benchmark for the domestic alternative investment fund (AIF) industry. It will help provide peer comparison for AIFs belonging to seven sub-categories within the three broad AIF categories: I, II and III.

AIFs are pooled investment vehicles just like mutual funds but aimed for the affluent and they have a minimum ticket size of Rs 1 crore.

Under Category-I, there will be benchmarks for venture capital funds. Under, Category-II there will be four benchmarks namely equity funds--unlisted, equity funds--listed and unlisted; real estate funds and debt funds. While the benchmarks under Category-III are long-only