NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Regulatory Compliance: AIFs adhere to ITA and SEBI tax guidelines.
  • Dividend Distribution Tax (DDT): Abolished, with dividends now taxed in investors’ hands.
  • Tax on Unlisted Securities: LTCG taxed at 20% if held over 36 months.
  • Fund Performance: Tax impacts net returns, critical for evaluation.
  • Tax Deductions: Available for certain expenses, reducing taxable income.

NISM 19E Alternative Investment Fund Managers

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