Alternative Investment Fund Managers Certification

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NISM Series XIX-C: Alternative Investment Fund Managers Certification


  • Ace the NISM Series XIX-C: Alternative Investment Fund Managers Certification Exam with Ease!
    1. 800+ Exam-Focused Questions: Gain confidence with a vast question bank covering all key topics.
    2. 35+ Case Study-Based Questions: Sharpen your practical understanding with real-world scenarios.
    3. Aligned with the Latest NISM Syllabus: Stay updated with the most relevant and exam-focused content.
    4. 15-Days Access: Ample time to prepare and refine your understanding.
    5. 15 Test Attempts per Set: Practice extensively and track your progress.
    6. Affordable Pricing: Just Rs.599 (including GST) for comprehensive study resources.

Examination Overview -NISM Series XIX-C: Alternative Investment Fund Managers Certification


Revised Launch Date: Effective from March 28, 2025


Purpose


The Alternative Investment Fund (AIF) Managers Certification Examination is designed to establish a common minimum knowledge benchmark for AIF Managers and their key investment team members. This certification aims to enhance the quality of fund management activities in the alternative investment space by equipping candidates with a comprehensive understanding of the AIF ecosystem.


The examination covers critical aspects of AIF operations, including investment strategies, fund governance, performance evaluation, legal and regulatory frameworks, and taxation. It ensures that certified professionals possess the knowledge necessary to manage AIFs effectively, ethically, and in compliance with the regulatory environment in India.

Examination Objectives

Upon successful completion of the examination, candidates will:


    Understand the Investment Landscape:

    • Gain a basic understanding of traditional and alternative asset classes.
    • Learn fundamental concepts such as Informational Efficiency, Modern Portfolio Theory, and Capital Market Theory.

    Comprehend AIF-Specific Knowledge Areas in Detail:

    • Evaluate the suitability of AIF products for portfolio diversification.
    • Understand the roles of key participants in the AIF ecosystem, including managers and service providers.
    • Assess the responsibilities of AIF managers and their key investment team in fund governance, conflict of interest management, and compliance.

    Master Fund Management Concepts:

    • Analyze AIF fund structures, fee arrangements, and performance measurement techniques.
    • Interpret performance benchmarks and understand their significance.
    • Explore various investment strategies and due diligence processes adopted by AIFs.
    • Learn the governance frameworks followed by institutional and individual investors.

    Understand Legal and Operational Aspects:

    • Familiarize with the Code of Conduct for AIFs and their management teams.
    • Examine legal documentation, negotiation strategies, and the role of third-party registered valuers.
    • Learn about fund monitoring, reporting standards, and available exit mechanisms.

    Gain Knowledge of Taxation and Regulations:

    • Understand the taxation implications for AIFs and their investors.
    • Acquire knowledge of the Indian regulatory framework including:
      • SEBI (AIF) Regulations
      • FEMA
      • PMLA
      • SEBI (PIT) Regulations
      • SEBI (PFUTP) Regulations

      For more details, please visit the official website of NISM.


Assessment Structure


Component Structure Marks
Multiple Choice Questions 90 questions x 1 mark each 90 marks
Case-based Questions 6 cases X 5 questions (2 marks each) 60 marks
Total Questions 120 (MCQs + Caselets) 120
Total Marks - 150
Exam Duration - 3 hours
Passing Criteria Minimum 60% 90 marks
Negative Marking 25% deduction for each incorrect answer Applicable

Chapter-wise Weightages

Chapter No. Chapter Name Marks Allocated
1Investments Landscape2
2Types of Investments-
3Concept of Informational Efficiency3
4Introduction to Modern Portfolio Theory-
5Introduction to Capital Market Theory-
6Alternative Investment Funds in India and its Suitability5
7Alternative Investment Funds Ecosystem5
8Alternative Investment Fund Structuring10
9Fee Structure and Fund Performance20
10Introduction to Indices and Benchmarking5
11Investment Strategies, Investment Process and Governance of Funds20
12Fund Due Diligence – Investor Perspective10
13Legal Documents and Negotiations10
14Valuation10
15Fund Monitoring, Reporting and Exit10
16Taxation20
17Regulatory Framework20
Total Marks 150

What We Offer


  1. 800+ Exam-Focused Questions: Gain confidence with a vast question bank covering all key topics.
  2. 35+ Case Study-Based Questions: Sharpen your practical understanding with real-world scenarios.
  3. Aligned with the Latest NISM Syllabus: Stay updated with the most relevant and exam-focused content.
  4. 15-Days Access: Ample time to prepare and refine your understanding.
  5. 15 Test Attempts per Set: Practice extensively and track your progress.
  6. Affordable Pricing: Just Rs 599 (including GST) for comprehensive study resources.

Proven Success Rate: 98%

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