Unlike Mutual Funds, AIFs lack transparancy. Each MF declares its portfolio every month. The daily NAV and performance is clearly published. SEBI needs to come up with some disclosure norms for AIFs. They should be required to publish their portfolio at least quarterly. If this is not done more and more poor-quality papers/stocks will be pushed into these funds and the extent of the problem will be known only after some investors lose big money. Only transparancy can ensure quality
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