NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • High-Water Mark Calculation: Based on highest NAV achieved by the fund.
  • Performance Fee Allocation: Distributed after meeting hurdle and high-water mark.
  • Fund Expenses Allocation: Shared among investors based on contributions.
  • Fee Benchmarking: Compared to industry standards for competitiveness.
  • Investor Suitability: Fees influence suitability for different investor types.

NISM 19D Alternative Investment Fund Managers

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