NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Capital Commitment: Investors commit capital, drawn down as per fund needs.
  • Exit Strategies: Include IPOs, strategic sales, or secondary sales for liquidity.
  • Risk Profiles: Category I has sector-specific risks; Category II has broader market risks.
  • Fund Size: Varies, with Category I often smaller than Category II funds.
  • Regulatory Updates: SEBI amendments enhance AIF governance and transparency.

NISM 19D Alternative Investment Fund Managers

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