NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Kaplan-Schoar PME (KS-PME): Compares AIF returns to public market benchmarks.
  • J Curve: Illustrates initial negative returns followed by recovery in AIFs.
  • Alpha Generation: Excess returns above benchmark, indicating manager skill.
  • Benchmarking: Compares AIF performance to indices like CRISIL AIF Index.
  • Performance Reporting: Mandatory annual reports to investors per SEBI.

NISM 19D Alternative Investment Fund Managers

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