How to Build a ₹3 Crore Private-Market Portfolio

At a ₹3 crore corpus earmarked for private markets, the ₹1 crore AIF minimum ticket means a single commitment can represent a full third of the entire allocation — concentration risk becomes the dominant design constraint well before strategy selection does.

A practical structure at this size might be two to three commitments spread across different strategies and vintage years, rather than three simultaneous commitments in the same year — sequencing matters more here than at larger corpus sizes, since the minimum ticket size leaves little room for error. Keep a meaningful liquid reserve outside the ₹3 crore figure itself to cover capital calls without forcing a sale of other assets.

The common mistake at this scale is treating three AIF tickets as automatically 'diversified' simply because they are three different funds — if all three share a similar vintage year and a correlated sector (for instance, three technology-focused VC funds), the portfolio remains concentrated in substance, regardless of the manager count.

Before acting, write down: the specific strategy and vintage-year spread across the intended commitments; the liquid reserve held outside this ₹3 crore figure specifically for capital calls; the correlation between the chosen managers' underlying sectors; and a plan for adding a fourth commitment only after distributions from earlier ones have started.

At this corpus size, sequencing commitments over time is often more important to real diversification than which specific fund is chosen first.