NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • AIF Definition: Pooled investment vehicles registered with SEBI, excluding mutual funds.
  • Category I AIFs: Invest in startups, SMEs, and socially impactful sectors like infrastructure.
  • Category II AIFs: Include private equity and debt funds without specific sectoral focus.
  • Category III AIFs: Use complex strategies like leverage, often investing in listed securities.
  • Venture Capital Funds: Sub-category of Category I, focusing on early-stage businesses.

NISM 19D Alternative Investment Fund Managers

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