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of <h1>SEBI Amends Regulation 15(1)(d) Allowing Category III AIFs to Choose Investment Concentration Calculation Method for Listed Equity.</h1> The Securities and Exchange Board of India (SEBI) has amended Regulation 15(1)(d) of the AIF Regulations, 2012, allowing Category III Alternative Investment Funds (AIFs) to calculate investment concentration norms based on either investable funds or net asset value (NAV) when investing in listed equity, subject to SEBI's conditions. Existing Category III AIFs can choose their calculation method with trustee or board approval and must inform investors within 30 days. The chosen method must be disclosed in the scheme's placement memorandum and cannot be changed during the scheme's term. This circular is effective immediately.
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