NISM 19D Alternative Investment Fund Managers Certification Exam Notes
Page 52 Of 141
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Fee Structures: Vary by AIF category and investment strategy.
GST Impact: Goods and Services Tax applies to management and performance fees.
Clawback Provisions: Recover excess performance fees if losses occur later.
Fund Expenses: Include operational costs, legal fees, and custodian charges.
Fee Disclosure: Mandatory in PPM to ensure transparency for investors.
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