NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Fund Performance: Measured using IRR, TVPI, DPI, and RVPI metrics.
  • Internal Rate of Return (IRR): Discount rate making NPV of cash flows zero.
  • Total Value to Paid-In (TVPI): Ratio of total value to capital invested.
  • Distributed to Paid-In (DPI): Measures cash returned to investors.
  • Residual Value to Paid-In (RVPI): Value of unsold investments relative to capital.

NISM 19D Alternative Investment Fund Managers

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