NISM 19B AIFD Distributors Certification Exam Notes

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  • Total Expense Ratio: Impacts investor returns, rationalized by SEBI for fairness.
  • Performance Measurement: Uses metrics like mean return, Sharpe ratio, and alpha.
  • Mean Return: Average historical return, indicating past fund performance.
  • Sharpe Ratio: Measures risk-adjusted returns, higher values indicate better performance.
  • Alpha Generation: Excess return over benchmark, key for Category III AIFs.

NISM 19B AIFD Distributors

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