NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Fund Structure: AIFs are typically trusts, LLPs, or companies under SEBI.
  • Sponsor Role: Initiates and promotes the AIF, ensuring regulatory compliance.
  • Fund Manager: Manages investments and operations per SEBI guidelines.
  • Trust Structure: Common for AIFs due to tax and legal flexibility.
  • LLP Structure: Offers liability protection and tax pass-through benefits.

NISM 19D Alternative Investment Fund Managers

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