Ajay Vora of Nuvama Asset Management, believes that alternative investment funds (AIFs) are growing faster than mutual funds (MFs) and this trend will continue. He also stated that with the Nifty at 20,000, the Indian market is still not expensive and has strong earnings growth potential. Vora mentioned that there is growing interest in alternative investments, particularly from Tier-II and III cities. He also noted that investors are moving away from traditional fixed income products towards higher-yielding structured credit products.