Current Affairs · SEBI Regulations & Capital Markets

With reference to the SEBI circular mandating the reporting of Alternative Investment Fund (AIF) unit values to depositories, consider the following statements: 1. Category I and Category II AIFs are required to calculate their Net Asset Value (NAV) at least once every six months, though this frequency can be extended to one year with the approval of at least 75% of investors by value. 2. To ensure strict compliance, AIF managers must upload the latest NAV to the depository system before May 1 or within 30 days of valuation, whichever is later. 3. Under the investor disclosure norms, AIFs are mandated to disclose their NAVs to investors on a monthly basis for close-ended funds and quarterly for open-ended funds. Which of the statements given above is/are correct?