The world of investments offers a plethora of options for individuals looking to grow their wealth. Among these options are Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), and Mutual Funds (MFs). While each of these investment vehicles has its advantages and disadvantages, it is crucial for investors to understand the key differences and make informed decisions based on their financial goals and risk appetite Alternative Investment Funds (AIFs) are investment vehicles that provide access to alternative assets beyond traditional stocks and bonds.