NISM 19B AIFD Distributors Certification Exam Notes

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  • LLP Structure: Offers flexibility in management and tax pass-through benefits.
  • Company Structure: Used for structured governance but less common for AIFs.
  • Sponsor Role: Provides initial capital and ensures fund credibility.
  • Investment Manager: Makes investment decisions and manages fund operations.
  • Custodian: Holds and safeguards fund assets, mandatory for Category III AIFs.

NISM 19B AIFD Distributors

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