NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Master-Feeder Structure: Offshore feeder funds invest in an onshore master fund.
  • Parallel Structure: Separate funds for domestic and foreign investors with similar strategies.
  • Fund Setup Costs: Include legal, regulatory, and operational expenses.
  • Capital Calls: Drawdowns from investor commitments to fund investments.
  • Investor Eligibility: Minimum investment of INR 1 crore, relaxed for accredited investors.

NISM 19E Alternative Investment Fund Managers

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