NISM 19E Alternative Investment Fund Managers Certification Exam Notes
Page 40 Of 136
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Redemption Policies: Defined in PPM, varying by fund type (open or close-ended).
Setup Costs: Include legal, regulatory, and operational expenses for launching an AIF.
Operational Expenses: Cover ongoing costs like audits, valuations, and compliance.
Co-Investments: Investors can co-invest alongside the fund, subject to SEBI rules.
Conflict of Interest: AIFs must address conflicts through policies and disclosures.
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