SMSF or Self Managed Super Funds is a long term saving system that functions basically to provide income after retirement. SMSF fund involves the members to contribute to the funds over a period of time. The members are generally the employees and employers of the superannuation fund. The collective money of the trust is invested to boost the fund's assets. The generated assets are later used to provide benefits to the members when they retire or when they suffer serious disability or to provide the benefits to the families of the member in case they dies. This is one of the best investment options who want to have a wonderful life after retirement. This will make the members or the investor to have a financially sound retirement life.
When it comes to making investments in India, investing in bonds, stocks, and currency is the first impulse. However, in addition to such investments, there's a category called Alternative Investment Funds, or AIF. An Alternative Investment Fund refers to privately pooled investments in assets, such as Infrastructure Investment Funds, hedge funds, venture capital funds, private equity funds, real estate investment funds, etc.