The image shows a flow diagram of a SEBI-mandated structure for an Alternative Investment Fund (AIF) designed to protect investor interests. At the top left are Investors, who provide investment to the Vaisith Relative Value Fund (AIF Category III), shown at the center. Profits flow back from the fund to the investors. The fund operates under Avyay Trust, with Vistra ITCL (India) Ltd. acting as the trustee. Asset management responsibilities are handled by Vasisth Capital Private Ltd, the Investment Manager, which manages the fund’s assets and receives management fees. Supporting the fund are a Custodian (ISSL), a Tax Auditor (PPKG & Co.), and a Legal Advisor (IC Legal). A note at the top states that this structure is mandated by SEBI to ensure governance, transparency, and investor protection.