At the same time, there should be a clear regulatory and financial stability objective of ensuring proper recognition and disclosure of true asset quality, liquidity, and fund performance by AIFs, Sebi said.
"A full closure of the scheme, recognition of the true asset value, and re-opening of a fresh fund at that value would satisfy both objectives of providing additional flexibility to investors/funds while ensuring disclosure and tracking of true asset value and fund performance," Sebi said in its consultation paper.
This story is from the February 04, 2023 edition of Financial Express Mumbai.
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This story is from the February 04, 2023 edition of Financial Express Mumbai.
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