NISM 19A AIF Distributors Certification Exam Notes
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Alternative Investments: Investments other than traditional assets like stocks, bonds, and mutual funds, targeting sophisticated investors.
Traditional Investments: Include financial securities like stocks, bonds, mutual funds, and ETFs, offering liquidity and lower risk.
Sophisticated Investors: Institutional investors and HNIs with higher risk tolerance, seeking alternative investments for diversification.
Liquidity: Traditional investments are highly liquid, easily convertible to cash via markets or redemption.
Illiquidity: Alternative investments are less liquid, often off-market or complex, with longer holding periods.
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