NISM 19A AIF Distributors Certification Exam Notes

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  • Valuation Norms: SEBI mandates independent valuation for AIF assets.
  • Fee Structure: Includes management fees and performance-based carried interest.
  • Management Fees: Typically 1-2% of committed capital, charged annually.
  • Carried Interest: 20% of profits shared with fund managers after hurdle rate.
  • Hurdle Rate: Minimum return threshold before carried interest is paid.

NISM 19A AIF Distributors

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