NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Portfolio Management Services (PMS): Differ from AIFs in structure, offering personalized portfolios.
  • Mutual Funds vs. AIFs: AIFs offer higher flexibility but with greater risk and illiquidity.
  • Accredited Investors: Can access specialized AIF schemes with relaxed regulations.
  • Risk Profiles: Category III AIFs have higher risk due to leverage and complex strategies.
  • Fund Structures: AIFs can be trusts, LLPs, or companies, impacting governance and taxation.

NISM 19E Alternative Investment Fund Managers

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