https://www.taxtmi.com/circulars?id=65468 Category III AIFs may calculate the investment concentration norm either on the basis of investable funds or on scheme net asset value. Existing funds may opt for the investable funds basis with trustee/board/designated partner approval and must inform investors within thirty days. The basis for calculation must be disclosed in the placement memorandum and cannot be changed during the scheme term. Funds choosing the NAV basis must comply with the conditions set out in the earlier referenced circular. The circular is effective immediately and requires investor communication, disclosure, and adherence to specified conditions. en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65468 Category III AIFs may calculate the investment concentration norm either on the basis of investable funds or on scheme net asset value. Existing funds may opt for the investable funds basis with trustee/board/designated partner approval and must inform investors within thirty days. The basis for calculation must be disclosed in the placement memorandum and cannot be changed during the scheme term. Funds choosing the NAV basis must comply with the conditions set out in the earlier referenced circular. The circular is effective immediately and requires investor communication, disclosure, and adherence to specified conditions. Circulars SEBI Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65468