NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Custodians: Safeguard AIF assets, mandatory for Category III funds under SEBI rules.
  • SEBI Regulations: Enforce governance, transparency, and investor protection in AIFs.
  • Investment Advisors: Provide guidance on portfolio allocation, often for offshore funds.
  • Capital Calls: Drawdowns from investor commitments to fund investments as needed.
  • Management Fees: Typically 1-2% of AUM, covering fund operational costs.

NISM 19E Alternative Investment Fund Managers

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