NISM 19B AIFD Distributors Certification Exam Notes

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  • Investor Reporting: Category III AIFs provide periodic updates on funds raised, exposure, and leverage.
  • Commodity Derivatives: Category III AIFs expanded into exchange-traded commodity futures and options.
  • Special Situations: Some Category III AIFs focus on merger arbitrage, buybacks, and convertible arbitrage.
  • Venture Capital Fund: Invests in unlisted start-ups with new products, services, or business models, including angel funds.
  • Angel Fund: A sub-category of VCF, raising funds from angel investors with specific net worth or experience criteria.

NISM 19B AIFD Distributors

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