SIFs may bring advanced investment techniques to India's expanding HNI base and establish a model for emerging markets. However, neglecting world lessons or discounting major threats may repeat the mistakes of the past.

The new asset class tries to identify a new segment of investors, making the securities market more accommodative.

The consultation paper is a step in the right direction as to the establishment of APMI and digital onboarding of clients.

SEBI’s constant surveillance on the working of investment advisors is yet to be realised.