SEBI Modifies Framework for Valuation of Investment Portfolio of AIFs
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- By Chetan Kulasri
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- Last Updated on 21 September, 2024
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Circular No. SEBI/HO/AFD/PoD-1/P/CIR/2024/123; Dated: 19.09.2024
SEBI has modified the framework for the valuation of investment portfolios of Alternative Investment Funds (AIFs). Under this framework, securities other than unlisted, non-traded, or thinly traded securities will now be valued in accordance with mutual fund Regulations. This change came after SEBI received feedback from the AIF industry, which highlighted issues with certain aspects of the valuation framework for AIFs. The circular shall be effective immediately.
Further, AIFs will now have seven months (earlier six months) to report valuations based on audited data from investee companies.
Click Here To Read The Full Circular
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