NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Valuation Policies: Defined in the PPM and approved by investors.
  • SEBI Guidelines: Mandate consistent and transparent valuation methodologies.
  • Valuation Committee: Oversees valuation process for objectivity and compliance.
  • Third-Party Valuers: Appointed to ensure independence and expertise.
  • Valuation Adjustments: Made for illiquidity, market conditions, or distress.

NISM 19C Alternative Investment Fund Managers

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