NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Regulatory Framework: AIFs in India are regulated by SEBI under the SEBI (Alternative Investment Funds) Regulations, 2012.
  • Investor Eligibility: AIFs are restricted to sophisticated investors like HNIs, institutions, and NRIs with a minimum investment of ₹1 crore.
  • Fund Structure: AIFs can be structured as trusts, companies, LLPs, or body corporates, with trusts being the most common.
  • Role of Managers: AIF managers are responsible for investment decisions, compliance, and fund operations.
  • Key Benefits: AIFs offer diversification, professional management, and access to alternative asset classes.

NISM 19C Alternative Investment Fund Managers

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