NISM 19B AIFD Distributors Certification Exam Notes

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  • Tax on Foreign Investors: Governed by FEMA and DTAA provisions.
  • Fund Performance Impact: Taxes reduce net investor returns.
  • Tax Due Diligence: Investors assess tax efficiency of AIFs.
  • Tax on Illiquid Assets: Complex due to valuation challenges.
  • Fund Manager Liability: Accountable for accurate tax reporting.

NISM 19B AIFD Distributors

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