NISM 19B AIFD Distributors Certification Exam Notes
Page 55 Of 122
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Fund Manager Duties: Include fiduciary responsibility and regulatory compliance.
Investor Eligibility: Restricted to HNIs, institutions, and accredited investors.
Fund Tenure: Close-ended funds have fixed durations, typically 5–7 years.
Risk Disclosures: Mandatory in PPM to inform investors of potential risks.
Operational Norms: SEBI guidelines ensure standardized fund operations.
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