Different Funding Funds (AIFs): AIFs might quickly must report worth of models to depositories
“… to leverage upon the depository infrastructure such that AIFs could also be required to take care of up to date NAV (web asset worth) of the models issued to buyers based mostly on valuation of their investments within the depository system,” Sebi mentioned in a dialogue paper.
The regulator mentioned AIFs ought to add the NAV of all models within the depository system inside 15 days of the valuation of their funding portfolios.
At current, the worth of models issued by AIFs is calculated based mostly on the valuation of the funding portfolio of the fund.
Guidelines mandate Class I and Class II AIFs to undertake valuation of their investments no less than as soon as each six months by an unbiased valuer. Class III AIFs, in the meantime, have to make sure that the calculation of the NAV is unbiased of fund administration and is disclosed to buyers.
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