NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Long-Term Performance: Focuses on sustained returns over fund tenure.
  • Valuation Principles: AIFs must adhere to SEBI-prescribed valuation norms for fair pricing of assets.
  • Independent Valuation: Category III and large Category I/II AIFs require independent valuers.
  • Valuation Frequency: Assets are valued at least semi-annually or as per the PPM.
  • Illiquid Assets: Valuation of unlisted securities or real estate poses challenges due to lack of market prices.

NISM 19C Alternative Investment Fund Managers

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