NISM 19E Alternative Investment Fund Managers Certification Exam Notes
Page 53 Of 136
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Fund Audits: Mandatory to ensure financial accuracy and compliance.
Investor Reporting: Detailed disclosures on fees, risks, and performance.
Regulatory Updates: SEBI amendments (e.g., 2021, 2023) refine AIF operations.
Accredited Investors: Eligible for specialized schemes with relaxed regulations.
Fund Closure: Close-ended AIFs have defined liquidation periods.
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