NISM 19E Alternative Investment Fund Managers Certification Exam Notes
Page 78 Of 136
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Investment Restrictions: PPM specifies leverage and concentration limits.
Fund Tenure: Close-ended AIFs have fixed tenures defined in documentation.
Custodian Role: Agreements ensure safekeeping of fund assets.
Sponsor Obligations: Include capital contribution and ensuring fund credibility.
Manager Responsibilities: Investment decisions and compliance with SEBI rules.
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