NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Hedge Funds: Category III AIFs using long-short, arbitrage, or other strategies for absolute returns.
  • SEBI Regulations: Govern AIF operations, ensuring transparency and investor protection.
  • Investment Restrictions: Category III AIFs face leverage and concentration limits.
  • Open-Ended Funds: Allow continuous investment and redemption, common in Category III.
  • Close-Ended Funds: Have fixed tenure, typical for Category I and II AIFs.

NISM 19E Alternative Investment Fund Managers

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