NISM 19E Alternative Investment Fund Managers Certification Exam Notes
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Regulatory Compliance: Adherence to SEBI (AIF) Regulations, 2012, is mandatory.
Fund Governance: Involves trustees, managers, and investment committees.
Tax Implications: Vary by structure, with trusts offering pass-through for some AIFs.
Investor Protection: SEBI mandates transparency and grievance redressal.
Fund Tenure: Close-ended AIFs have fixed tenures, while open-ended have flexibility.
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