https://www.taxtmi.com/circulars?id=69024 SEBI permits AIFs to launch AI-only schemes for Accredited Investors and grants relaxations to Large Value Funds; new schemes must append 'AI only fund' or 'LVF' to the name. Pre-existing schemes may convert with positive consent from all investors and must report name change and conversion to SEBI and depositories within 15 days. Investor AI status at onboarding endures for the scheme's life. AI-only schemes' maximum extension is five years inclusive of prior extensions. LVFs are exempt from the standard placement memorandum template and annual audit of its terms without investor waivers. en-us Mon, 08 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69024 SEBI permits AIFs to launch AI-only schemes for Accredited Investors and grants relaxations to Large Value Funds; new schemes must append 'AI only fund' or 'LVF' to the name. Pre-existing schemes may convert with positive consent from all investors and must report name change and conversion to SEBI and depositories within 15 days. Investor AI status at onboarding endures for the scheme's life. AI-only schemes' maximum extension is five years inclusive of prior extensions. LVFs are exempt from the standard placement memorandum template and annual audit of its terms without investor waivers. Circulars SEBI Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69024