Securities And Exchange Board Of India - Subsection
Section 23(3) in Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012
(3)Category III Alternative Investment Funds shall ensure that calculation of the net asset value (NAV) is independent from the fund management function of the Alternative Investment Fund and such NAV shall be disclosed to the investors at intervals not longer than a quarter for close ended Funds and at intervals not longer than a month for open ended funds.
