NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Regulatory Oversight: SEBI ensures compliance with reporting standards.
  • Pass-Through Status: Category I and II AIFs pass income to investors for taxation.
  • Category III Taxation: Taxed at fund level, with income treated as business income.
  • Long-Term Capital Gains (LTCG): Taxed at 10% for listed securities held over 12 months.
  • Short-Term Capital Gains (STCG): Taxed at 15% for listed securities held 12 months or less.

NISM 19E Alternative Investment Fund Managers

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