NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Custodian Role: Custodians safeguard fund assets and ensure compliance with SEBI norms.
  • PPM: Private Placement Memorandum outlines the fund’s objectives, risks, and terms.
  • Contribution Agreement: This defines investor commitments and fund obligations.
  • Fund Governance: Governance includes oversight by independent directors or trustees.
  • Valuation Process: Assets are valued periodically using SEBI-approved methodologies.

NISM 19C Alternative Investment Fund Managers

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