NISM 19B AIFD Distributors Certification Exam Notes

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  • Fund Governance: Involves oversight by trustees, sponsors, and managers.
  • Leverage Limits: SEBI caps borrowing to manage systemic risks.
  • Investor Classes: Different unit classes may have varying fees or rights.
  • Fund Tenure: Close-ended funds have fixed lifespans, typically 5–7 years.
  • First Close: Marks the initial capital commitment, starting fund operations.

NISM 19B AIFD Distributors

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