NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Investment Restrictions: Include leverage limits (2x NAV for Category III) and concentration caps.
  • Accredited Investors: Eligible for relaxed investment limits and specialized schemes.
  • Custodians: Mandatory for Category III AIFs to safeguard assets.
  • Private Placement Memorandum (PPM): Outlines fund terms, risks, and objectives.
  • Valuation Norms: SEBI mandates periodic valuation by independent valuers.

NISM 19E Alternative Investment Fund Managers

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