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Sebi notifies rules to make AIFs AI-only

Mint Mumbai

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December 09, 2025

The Securities and Exchange Board of India (Sebi) has laid out a formal framework to allow existing alternative investment funds (AIFs) to be converted into accredited investor-only funds (AI-only funds) or large value funds (LVFs).

- APOORVA AJITH

In a circular released on Monday, the markets regulator formalized the process for AIFs wishing to launch new AI-only funds or LVFs, or convert existing schemes into the

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