New Delhi, Jan 14 || Equity alternative investment funds (AIFs) in India achieved a notable pooled internal rate of return (IRR) of 21.5 per cent between fiscals 2013 and 2024, according to a report on Tuesday.
Across the past five fiscals, the benchmark outpaced the BSE Sensex Total Return Index (TRI), reaffirming the resilience and importance of private markets in India’s investment landscape, according to the second edition of the Crisil-Oister report.
Stage-wise, the benchmark of early-stage funds generated a pooled IRR of 26.9 per cent between fiscals 2013 and 2024, outperforming the BSE 250 Smallcap TRI by 4.29 per cent.
Similarly, the benchmark of growth and late-stage funds delivered a robust pooled IRR of 23.6 per cent between fiscals 2015 and 2024, surpassing the BSE 200 TRI by 5.97 per cent, the report noted.
"This year’s report reinforces our long-held belief that private capital is not only participating in India’s growth story but also shaping it,” said Sandeep Sinha, Co-CEO, Oister.
In fiscal 2024, private markets once again demonstrated their ability to outperform and lead through long-term growth and sectoral innovation, setting a benchmark for resilience, scale and innovation, he added.