NISM 19C Alternative Investment Fund Managers Exam Notes
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Definition of AIFs: AIFs are privately pooled investment vehicles that collect funds from sophisticated investors for investing as per a defined policy.
Categories of AIFs: AIFs are classified into Category I, II, and III based on their investment focus and regulatory requirements.
Category I AIFs: These include venture capital funds, SME funds, social venture funds, and infrastructure funds, with specific incentives.
Category II AIFs: These include private equity funds and debt funds that do not fall under Category I or III and do not undertake leverage.
Category III AIFs: These include hedge funds and other funds that employ complex trading strategies and may use leverage.
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