Calculation of investment concentration norm for Category III AIFs

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..... ion 15(1)(d) of SEBI (Alternative Investment Funds) Regulations, 2012 ( AIF Regulations ), has been amended and notified on March 16, 2022, to provide flexibility to Category III AIFs, including large value funds for accredited investors of Category III AIFs, to calculate investment concentration norm based either on investable funds or net asset value ( NAV ) of the scheme while investing in l .....

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..... egory III AIFs which choose to calculate investment concentration norm based on NAV, shall comply with para 2 of SEBI circular no. SEBI/HO/IMD/IMD-I/DOF6/P/CIR/2021/663 dated November 22, 2021 . 3. This circular shall come into force with immediate effect. 4. This circular is issued with the approval of the competent authority. 5. This circular is issued in exercise of powers conferred u .....

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