Current Affairs · SEBI Regulations for AIFs

Which of the following operational scenarios correctly demonstrate compliance with SEBI's regulatory mandate regarding the standardisation of Net Asset Value (NAV) reporting for Alternative Investment Funds (AIFs)? 1. Fund Alpha, an Infrastructure Fund classified as a Category I AIF, calculates its investment value through an independent entity, with its AIF manager taking responsibility for the timely uploading of the NAV to the depository. 2. Fund Beta, a Private Equity Fund classified as a Category II AIF, determines its NAV internally through its own management team to expedite the mandatory reporting process. 3. Fund Gamma, a Real Estate Fund classified as a Category I AIF, shifts the operational burden by mandating the depository to calculate its investment value using its newly built infrastructure. 4. Fund Delta, a Social Venture Fund classified as a Category I AIF, relies on an independent entity for valuation, while its AIF manager ensures the accurate uploading of the NAV data. Select the correct option: