NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Leverage Limits: Category III AIFs restricted to 2x NAV leverage by SEBI.
  • Valuation Norms: Periodic valuation of assets for accurate NAV reporting.
  • Risk Management: Involves monitoring market, liquidity, and operational risks.
  • Fund Documentation: Includes PPM, trust deeds, and contribution agreements.
  • Exit Strategies: Defined in PPM, including IPOs, sales, or mergers.

NISM 19E Alternative Investment Fund Managers

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