Mumbai, Oct. 14 -- Indian insurance companies invest less than 2 per cent of their assets in alternative investments, compared with around 20 per cent in overseas markets, highlighting significant scope for domestic institutional investors to increase their participation in funds that finance infrastructure, businesses and other long-term projects, according to Aashwin Dugal, CEO of Nippon Life India AIF Management Ltd.

Speaking exclusively to ANI on the sidelines of the 4th CII Alternative Investment Fund Summit in Mumbai on Wednesday, Dugal said India's alternative investment fund (AIF) industry was still relatively small compared with developed markets, where insurance companies, pension funds and sovereign wealth funds play a major r...