Reporting of value of units of Alternative Investment Funds (AIFs) to Depositories

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.... Reporting of value of units of Alternative Investment Funds (AIFs) to Depositories 1. In terms of Regulation 10 of SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations), AIFs may raise funds from any investor whether Indian, foreign or non-resident Indians by way of issue of units. The value of units issued by AIFs is calculated based on the valuation of investment portfolio ....

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.... of Regulation 10(aa) of AIF Regulations and SEBI circular no. SEBI/HO/AFD/PoD/CIR/2023/96 dated June 21, 2023 (Subsumed in Chapter 20 of Master Circular for AIFs dated May 07, 2024), AIFs have been mandated to issue units in dematerialized (demat) form. 3. In view of the above, and to leverage the depository infrastructure for enhancing transparency and operational efficiency, and to facilitat....

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....ate uploading of NAV. 3.4. The Depositories shall: a) build necessary infrastructure for uploading of NAV by RTAs and for reflection of the same in the depository system; b) incorporate the following disclaimer wherever AIF NAV is being displayed: Net Asset Value (NAV) being shown is on the basis of valuation methodology and accounting practice followed by your respec....