Online Mock Test- NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam Preparation

 NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam Preparation

Dedicated to Alternative Happiness

You always need to look for alternative, else conventional paths always lead to conventional results! 


ENROLL NOW ONLINE MOCK TEST

ENROLL On UDEMY Online MOCK TEST


ABOUT THIS ONLINE MOCK TEST

Mock Test NISM Alternative Investment Funds
Enroll NOW


NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Exam Preparation

Unlock 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, as


A. 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 Bank


This 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.


Buy at Publisher's Site with Free Shipping: CLICK HERE

Buy at Amazon: CLICK HERE

Buy at Flipkart: CLICK HERE

eBook: CLICK HERE

Google eBook: CLICK HERE


Chapter Wise Learning Outcome & Knowledge Area Covered on this Test

1. Overview Of Alternative Investments

  • Antecedents and Growth

  • Distinguishing ‘Alpha’ and ‘Beta’

  • Introduction

  • Role of Alternative Investments

2. Alternative Investment Funds In India

  • Categories of AIFs

  • Evolution and Growth of AIFs in India

  • Types of AIFs

3. Concepts In The AIF Industry

  • Distributions / Waterfall

  • Fees & Expenses

  • Private Capital Ecosystem

  • Private Placement Memorandum (PPM)

4. AIF Regulatory Framework

  • Code of Conduct

  • Foreign Investments in AIFs

  • Special Dispensation for Special Situation Funds

  • Various provisions of SEBI (AIF) Regulations, 2012

5. Alternative Investment Fund Structuring

  • Anatomy of AIF Constitution

  • Comparative Analysis

  • Principle of Pooling

  • Templates for AIF Structuring

6. Risk And Return – Fund And Investor Perspective

  • Fund Level Risks

  • Risk & Return

  • Risk Factors at Fund Level and Investor Level

7. Investment Process And Governance Of Funds

  • Definitive Agreements

  • Fund Governance Structure

  • Investor Advisory Committee

  • Investor Grievances and Dispute Resolution

  • Overview of Important Investor Protection Rights

  • Risk Factors at Fund Level and Investor Level

8. Fund Due Diligence – Investor Perspective

  • Broad Aspects of Fund Due Diligence

  • Fund Benchmarking

  • Fund Selection Criteria

  • Investor Perspective

  • Sales Strategy Formulation by Distributor

  • Scope and Uniqueness of AIF Due Diligence

9. Legal Documentation And Negotiation – Investor Perspective

  • Private Placement Memorandum

  • Various legal documentations in the context of AIFs and their importance

10. Fund Monitoring, Reporting And Exit

  • Exit Options due to Material Changes in PPM

  • Fund Reporting

  • Monitoring Alternative Investment Fund

  • Submission of reports to SEBI

  • Winding Up of an AIF

11. Valuation

  • Basics of valuation of fixed income instruments

  • General Approach to Fund Valuation

  • Role of Valuers and Limitations of Valuation

  • Valuation of AIF Portfolio Investments

12. Taxation – India Specific

  • General Anti-Avoidance Rules (GAAR)

  • Taxation for residents in India

  • Various aspects related to AIF taxation

  • Withholding of tax by an AIF

13. Good Practices

  • Client Confidentiality

  • General Anti-Avoidance Rules (GAAR)

  • Prohibit Conflict of Interest


Examination Objectives

On 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.