NISM 19B AIFD Distributors Certification Exam Notes
Page 37 Of 122
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Fund Closure: Involves liquidation or distribution of assets at tenure end.
Investor Grievances: Addressed through SEBI’s investor charter and reporting.
Compliance Test Reporting: Ensures adherence to SEBI regulations.
Fund Structures: Category III AIFs can be trusts, LLPs, or companies under SEBI.
Trust Structure: Common for AIFs, with a trustee overseeing investor interests.
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