https://www.taxtmi.com/highlights?id=94884 SEBI issues modalities under the AIF Regulations, 2012 for migration to AI-only schemes and for relaxations to Large Value Funds (LVFs) for accredited investors. New AI-only schemes and LVFs must include "AI only fund" or "LVF" in their scheme name. Existing eligible AIFs/schemes may convert to AI-only or LVF schemes with unanimous investor consent and must report conversion and name change to SEBI and depositories within 15 days. Investors qualifying as accredited at onboarding retain that status for the scheme's life. AI-only schemes may have a maximum five-year extension. LVFs are exempt from the standard placement memorandum template and annual audit, without needing investor waivers. en-us Tue, 09 Dec 2025 12:14:04 +0530 Tue, 09 Dec 2025 12:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94884 SEBI issues modalities under the AIF Regulations, 2012 for migration to AI-only schemes and for relaxations to Large Value Funds (LVFs) for accredited investors. New AI-only schemes and LVFs must include "AI only fund" or "LVF" in their scheme name. Existing eligible AIFs/schemes may convert to AI-only or LVF schemes with unanimous investor consent and must report conversion and name change to SEBI and depositories within 15 days. Investors qualifying as accredited at onboarding retain that status for the scheme's life. AI-only schemes may have a maximum five-year extension. LVFs are exempt from the standard placement memorandum template and annual audit, without needing investor waivers. Highlights SEBI Tue, 09 Dec 2025 12:14:04 +0530 https://www.taxtmi.com/highlights?id=94884