NISM 19B AIFD Distributors Certification Exam Notes

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  • Management Fees: Fixed annual fees charged by Category III AIF managers.
  • Performance Fees: Paid on returns above a hurdle rate, incentivizing managers.
  • Hurdle Rate: Minimum return threshold for performance fee calculations.
  • Catch-Up Provisions: Allocate additional returns to managers post-hurdle rate.
  • Fund Expenses: Include setup, operational, and service provider costs.

NISM 19B AIFD Distributors

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