NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
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InvIT Structure: Involves trustee, investment manager, and project manager.
AIF Managers: Handle complex strategies for sophisticated investors.
Transparency in Funds: Ensured through SEBI’s mandatory disclosures.
Liquidity in Mutual Funds: High in open-ended funds, lower in close-ended funds.
ReIT Taxation: Offers tax incentives for income distributions to investors.
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