NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Investment Limits: Minimum investment of INR 1 crore, relaxed for accredited investors.
  • Foreign Investments: Subject to FEMA and RBI regulations for offshore AIFs.
  • Fund Tenure: Close-ended AIFs have fixed tenures, while open-ended have no specific tenure.
  • Valuation Norms: SEBI mandates periodic valuation of AIF investments for transparency.
  • Risk Disclosure: PPM must detail all material risks associated with the fund.

NISM 19E Alternative Investment Fund Managers

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