Alternative investment options are those that differ from traditional ones like stocks, bonds, mutual funds, etc. They offer higher returns, diversification, and lower correlation with the market. Some of the best alternative investment options in 2024 for Indians are:

• Alternative Investment Funds (AIFs): These are pooled-in investment vehicles that invest in alternative asset classes like venture capital, private equity, hedge funds, infrastructure funds, etc. They have a minimum ticket size of Rs. 1 crore and are regulated by SEBI1.
• Cryptocurrencies: These are digital currencies that use cryptography to secure transactions and control the creation of new units. They are decentralized, transparent, and immune to inflation. Some of the popular cryptocurrencies are Bitcoin, Ethereum, Ripple, etc. They can be bought and sold on various platforms like WazirX, CoinDCX, Zebpay, etc2.
• Peer-to-Peer Lending (P2P): This is a form of online lending where individuals lend and borrow money directly from each other, without any intermediaries. The lenders can earn higher interest rates than traditional deposits, while the borrowers can get loans at lower rates than banks. Some of the leading P2P platforms in India are Faircent, LendenClub, RupeeCircle, etc3.
• Commercial Real Estate: This is a type of real estate that is used for business purposes, such as office spaces, retail shops, warehouses, etc. It offers rental income, capital appreciation, and tax benefits. It can be invested in directly or through Real Estate Investment Trusts (REITs), which are listed entities that own and operate commercial properties. Some of the prominent REITs in India are Embassy Office Parks, Mindspace Business Parks, Brookfield India, etc4.
• Asset Leasing: This is a type of investment where an investor buys an asset and leases it to a third party for a fixed period and rent. The investor earns regular income from the rent and also retains the ownership of the asset. Some of the common assets that can be leased are cars, bikes, furniture, appliances, etc. Some of the platforms that facilitate asset leasing are Drivezy, Rentomojo, Furlenco, etc5.

These are some of the best alternative investment options in 2024 for Indians. However, they also involve higher risks, volatility, and regulatory uncertainty. Therefore, investors should do their own research, understand their risk appetite, and consult a financial advisor before investing in them.