NISM 19B AIFD Distributors Certification Exam Notes

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  • Distribution Taxation: Taxed at investor level based on income type.
  • Unit Transfer Taxation: Capital gains tax applies on transfer of AIF units.
  • IFSC Taxation: Offers tax benefits for Category III AIFs in GIFT City.
  • Tax Impact on Performance: Reduces net returns due to tax liabilities.
  • Pass-Through Status: Trust-based AIFs pass income directly to investors.

NISM 19B AIFD Distributors

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