NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Risk Profile: AIFs carry higher risks due to their exposure to alternative assets and complex strategies.
  • Minimum Corpus: AIFs must maintain a minimum corpus of ₹20 crore to operate.
  • Fund Closure: AIFs can be closed upon completion of tenure or if investor consent is obtained.
  • Role of Sponsor: Sponsors provide initial capital and ensure alignment of interests with investors.
  • Custodian Requirement: Category III AIFs and large Category I/II AIFs must appoint a custodian.

NISM 19C Alternative Investment Fund Managers

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