NISM 19E Alternative Investment Fund Managers Certification Exam Notes
Page 33 Of 136
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Taxation: Pass-through status for Category I and II AIFs, but Category III taxed at fund level.
Fund Managers: Responsible for investment decisions and compliance with SEBI regulations.
Custodians: Ensure safekeeping of AIF assets, mandatory for Category III funds.
Disclosure Requirements: AIFs must provide periodic reports to investors and SEBI.
Investment Diversification: Category III AIFs diversify across asset classes to manage risk.
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