NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Private Equity Funds: Category II AIFs investing in unlisted companies for value creation.
  • Debt Funds: Category II AIFs focusing on debt instruments for stable returns.
  • SEBI Regulations: Govern AIF operations, ensuring transparency and investor protection.
  • Investment Flexibility: Category II AIFs have broader investment mandates than Category I.
  • Leverage Restrictions: Category I and II AIFs cannot leverage at the fund level.

NISM 19D Alternative Investment Fund Managers

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