Investing in exclusive, hard-to-access asset classes like private equity, PMS, and AIF can be tempting, especially with persuasive marketing. However, such investments often require significant lock-in periods and can be risky. For instance, a man with a net worth of Rs 4 crore considered investing Rs 1 crore in a private equity fund, already having Rs 50 lakh in a PMS that performed poorly. For those with a net worth of Rs 5 crore or less, locking up and potentially losing a substantial portion of their portfolio is unwise.