NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Taxation: AIFs enjoy pass-through status for taxation in certain categories, simplifying tax obligations for investors.
  • Global Context: AIFs globally include hedge funds, private equity, and venture capital, with varying regulatory frameworks.
  • Investment Restrictions: AIFs have specific restrictions on investments to ensure investor protection and market stability.
  • Fund Tenure: AIFs typically have a fixed tenure, with extensions subject to regulatory approval.
  • Disclosure Requirements: AIFs must provide periodic disclosures to investors and SEBI for transparency.

NISM 19C Alternative Investment Fund Managers

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