Overview

NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam PreparationUnlock the key to success in the NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam with our comprehensive mock test. This meticulously crafted resource is designed to equip learners with in-depth knowledge and practical insights across various chapters, ensuring a thorough understanding of the alternative investment landscape. Within the test series of 6 Mock test, learners will find comprehensive 700+ question bank, asA. First Test Chapter Wise Practice Test (200+ Question Bank Covering each Learning out from each chapters)B. 5 Mock Tests (Learning Outcome & Test Objective Wise) 500+ Question BankThis Mock Test is part of our Printed Book with 1400+ Question Bank- NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam Preparation Guide with 1400+ Question Bank. If you like to avail the printed Book, can get it from all major ecom platform like Amazon/Flipkart etc. Chapter Wise Learning Outcome & Knowledge Area Covered on this Test 1. Overview Of Alternative InvestmentsAntecedents and GrowthDistinguishing ‘Alpha' and ‘Beta'IntroductionRole of Alternative Investments2. Alternative Investment Funds In IndiaCategories of AIFsEvolution and Growth of AIFs in IndiaTypes of AIFs3. Concepts In The AIF IndustryDistributions / WaterfallFees & ExpensesPrivate Capital EcosystemPrivate Placement Memorandum (PPM)4. AIF Regulatory FrameworkCode of ConductForeign Investments in AIFsSpecial Dispensation for Special Situation FundsVarious provisions of SEBI (AIF) Regulations, 20125. Alternative Investment Fund StructuringAnatomy of AIF ConstitutionComparative AnalysisPrinciple of PoolingTemplates for AIF Structuring6. Risk And Return - Fund And Investor PerspectiveFund Level RisksRisk & ReturnRisk Factors at Fund Level and Investor Level7. Investment Process And Governance Of FundsDefinitive AgreementsFund Governance StructureInvestor Advisory CommitteeInvestor Grievances and Dispute ResolutionOverview of Important Investor Protection RightsRisk Factors at Fund Level and Investor Level8. Fund Due Diligence - Investor PerspectiveBroad Aspects of Fund Due DiligenceFund BenchmarkingFund Selection CriteriaInvestor PerspectiveSales Strategy Formulation by DistributorScope and Uniqueness of AIF Due Diligence9. Legal Documentation And Negotiation - Investor PerspectivePrivate Placement MemorandumVarious legal documentations in the context of AIFs and their importance10. Fund Monitoring, Reporting And ExitExit Options due to Material Changes in PPMFund ReportingMonitoring Alternative Investment FundSubmission of reports to SEBIWinding Up of an AIF11. ValuationBasics of valuation of fixed income instrumentsGeneral Approach to Fund ValuationRole of Valuers and Limitations of ValuationValuation of AIF Portfolio Investments12. Taxation - India SpecificGeneral Anti-Avoidance Rules (GAAR)Taxation for residents in IndiaVarious aspects related to AIF taxationWithholding of tax by an AIF13. Good PracticesClient ConfidentialityGeneral Anti-Avoidance Rules (GAAR)Prohibit Conflict of InterestExamination ObjectivesOn successful completion of the examination the candidate should:Know the basics of alternative asset class and the Alternative Investment Funds (Category I and II) markets in India.Understand the following in detail:o General concepts prevalent in the AIF industry.o Structure, risk-return relationship, investment process, governance aspects, monitoring and exit strategies of AIFs.o Importance of fund due diligence, legal documentations and negotiation skills along with the assessment of risk & return by the investors.o Valuation process and methodologies followed by the AIFs for its investee companies.o Various taxation aspects for the fund and its investors.o Role and conduct of distributors in servicing the investors.Know the regulatory environment in which the AIFs (Category I and II) operate in India.

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