NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Master-Feeder Structure: Pools investments through feeder funds into a master fund.
  • Parallel Structure: Separate funds for different investor classes with similar strategies.
  • SEBI Regulations: Govern AIF formation, registration, and operations.
  • Contribution Agreement: Outlines investor commitments and drawdown terms.
  • Investor Rights: Include transparency, fair treatment, and exit options.

NISM 19D Alternative Investment Fund Managers

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