NISM 19B AIFD Distributors Certification Exam Notes

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  • Fund Closure Valuation: Determines final asset value for distribution.
  • Tax Regime Comparison: Varies across Category I, II, and III AIFs.
  • Trust Structure Taxation: Income passes through to investors, avoiding double taxation.
  • Category III AIF Taxation: Taxed based on income type (capital gains, interest, etc.).
  • Goods and Services Tax: Applies to management fees and fund services.

NISM 19B AIFD Distributors

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