NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests Study Notes

Revision notes and study material for NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests exam preparation.

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Alternative Investment Fund Managers (Category III) CHAPTER 1: INVESTMENTS LANDSCAPE (PART 1)

CHAPTER 1: INVESTMENTS LANDSCAPE (PART 1) This chapter introduces the fundamental concepts of the investment landscape,...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 1: INVESTMENTS LANDSCAPE (PART 2)

CHAPTER 1: INVESTMENTS LANDSCAPE (PART 2) This section completes the comprehensive, exam-focused study notes for Chapter...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 2: TYPES OF INVESTMENTS (PART 1)

CHAPTER 2: TYPES OF INVESTMENTS (PART 1) Learning Objectives of Chapter 2 By studying this chapter, you will understand:...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 2: TYPES OF INVESTMENTS (PART 2)

CHAPTER 2: TYPES OF INVESTMENTS (PART 2) 2.3 Types of Alternative Investments Alternative investments encompass a bro...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 3 (PART 1): INTRODUCTION TO MODERN PORTFOLIO THEORY AND CAPITAL MARKET THEORY

CHAPTER 3 (PART 1): INTRODUCTION TO MODERN PORTFOLIO THEORY AND CAPITAL MARKET THEORY 3.1 FRAMEWORK FOR CONSTRUCTING POR...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 3 (PART 2): PORTFOLIO RETURN, RISK, AND OPTIMIZATION

CHAPTER 3 (PART 2): PORTFOLIO RETURN, RISK, AND OPTIMIZATION 3.5 EXPECTED RATE OF RETURN FOR A PORTFOLIO (EX-ANTE RETURN...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 3 (PART 3): INTRODUCTION TO CAPITAL MARKET THEORY AND THE CAPITAL MARKET LINE

CHAPTER 3 (PART 3): INTRODUCTION TO CAPITAL MARKET THEORY AND THE CAPITAL MARKET LINE 3.10 INTRODUCTION TO CAPITAL MARKE...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 3 (PART 4): THE CAPITAL ASSET PRICING MODEL (CAPM) AND THE SECURITY MARKET LINE (SML)

CHAPTER 3 (PART 4): THE CAPITAL ASSET PRICING MODEL (CAPM) AND THE SECURITY MARKET LINE (SML) 3.18 UNDERSTANDING SYSTEMA...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 4: Alternative Investment Funds in India and its Suitability (Part 1)

NISM Series XIX-E Category III AIF Managers Certification: Comprehensive Chapter 4 Notes (Part 1) Chapter 4: Alternative...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 4: Alternative Investment Funds in India and its Suitability (Part 2)

NISM Series XIX-E Category III AIF Managers Certification: Comprehensive Chapter 4 Notes (Part 2) This comprehensive set...

28 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 4: Alternative Investment Funds in India and its Suitability (Part 3)

NISM Series XIX-E Category III AIF Managers Certification: Comprehensive Chapter 4 Notes (Part 3) This represents Part 3...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 1: KEY CONSTITUENTS

CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 1: KEY CONSTITUENTS The Alternative Investment Fund (AIF) indust...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 2: SPECIALISED CONCEPTS AND SERVICE PROVIDERS

CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 2: SPECIALISED CONCEPTS AND SERVICE PROVIDERS The operational ar...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 3: FUND OPERATIONS MECHANICS & LIFECYCLES

CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 3: FUND OPERATIONS MECHANICS & LIFECYCLES Once an Alternativ...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 4: FINANCIAL MECHANICS & FEES

CHAPTER 5: ALTERNATIVE INVESTMENT FUND ECOSYSTEM — PART 4: FINANCIAL MECHANICS & FEES Professional fund management i...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 1)

CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 1) ALTERNATIVE INVESTMENT FUND STRUCTURING: CORE...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 2)

CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 2) This section focuses on Section 6.3: Anatomy o...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 3)

CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 3) This section focuses on Section 6.4: Common Fu...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 4)

CHAPTER 6: ALTERNATIVE INVESTMENT FUND STRUCTURING — STUDY NOTES (PART 4) This final part of the Chapter 6 notes focuses...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 1: Management Fees and Other Expenses

Chapter 7 — Fee Structure and Fund Performance Part 1: Management Fees and Other Expenses Part 1: Management Fees and Ot...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 2: Hurdle Rate and High-Water Mark — Foundations and Best-Case Scenario Calculations

Chapter 7 — Fee Structure and Fund Performance Part 2: Hurdle Rate and High-Water Mark — Foundations and Best-Case Scena...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 3: High-Water Mark (Worst-Case Scenario), Catch-up Clause, and Profit Distribution

Chapter 7 — Fee Structure and Fund Performance Part 3: High-Water Mark (Worst-Case Scenario), Catch-up Clause, and Profi...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 4: Gross vs. Net Returns & Impact of GST on Fund Fees

Chapter 7 — Fee Structure and Fund Performance Part 4: Gross vs. Net Returns & Impact of GST on Fund Fees In alterna...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 5: Risks in Alternative Investment Funds — Fund-Level and Investor-Level Framework

Chapter 7 — Fee Structure and Fund Performance Part 5: Risks in Alternative Investment Funds — Fund-Level and Investor-L...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 6: Risk Measures — Standard Deviation, Skewness, Kurtosis, and Maximum Drawdown

Chapter 7 — Fee Structure and Fund Performance Part 6: Risk Measures — Standard Deviation, Skewness, Kurtosis, and Maxim...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 7: Return Measures in Alternative Investments — Gross/Net IRR, J-Curve, and YTM

Chapter 7 — Fee Structure and Fund Performance Part 7: Return Measures in Alternative Investments — Gross/Net IRR, J-Cur...

30 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 7 — Fee Structure and Fund Performance Part 8: Multiples Method, Direct Alpha, Tax Impact, and Risk-Adjusted Metrics

Chapter 7 — Fee Structure and Fund Performance Part 8: Multiples Method, Direct Alpha, Tax Impact, and Risk-Adjusted Met...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 8: Indices and Benchmarking — Part 1: Index Fundamentals and Weighting Methodologies

Chapter 8: Indices and Benchmarking — Part 1: Index Fundamentals and Weighting Methodologies 8.1 Understanding Market...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 8: Indices and Benchmarking — Part 2: Index Construction and Stock Market Indices

Chapter 8: Indices and Benchmarking — Part 2: Index Construction and Stock Market Indices 8.4 Quantitative and Qualit...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 8: Indices and Benchmarking — Part 3: Bond Market Indices and Hybrid Benchmarks

Chapter 8: Indices and Benchmarking — Part 3: Bond Market Indices and Hybrid Benchmarks 8.6 Bond Market Indices (Debt...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 8: Indices and Benchmarking — Part 4: Performance Benchmarking and Evaluation

Chapter 8: Indices and Benchmarking — Part 4: Performance Benchmarking and Evaluation 8.8 Performance Benchmarking: C...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 9: Legal Documentation and Negotiations (Part 1 of 4)

Chapter 9: Legal Documentation and Negotiations (Part 1 of 4) Comprehensive Guide to AIF Legal Architecture and Const...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 9: Legal Documentation and Negotiations (Part 2 of 4)

Chapter 9: Legal Documentation and Negotiations (Part 2 of 4) The Contractual Architecture: Investment Management Agr...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 9: Legal Documentation and Negotiations (Part 3 of 4)

Chapter 9: Legal Documentation and Negotiations (Part 3 of 4) The Disclosure and Operational Standard: Private Placem...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 9: Legal Documentation and Negotiations (Part 4 of 4)

Chapter 9: Legal Documentation and Negotiations (Part 4 of 4) The Supporting Ecosystem: Support Services, Depository...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 10: INVESTMENT STRATEGIES (PART 1 OF 4)

CHAPTER 10: INVESTMENT STRATEGIES (PART 1 OF 4) 10.1 Introduction to Category III AIF Investment Strategies Category III...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 10: INVESTMENT STRATEGIES (PART 2 OF 4)

CHAPTER 10: INVESTMENT STRATEGIES (PART 2 OF 4) 10.1.1.3 Market-Neutral Strategy 1. Philosophy and Strategic Objectives...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 10: INVESTMENT STRATEGIES (PART 3 OF 4)

CHAPTER 10: INVESTMENT STRATEGIES (PART 3 OF 4) 10.1.2 Global-Macro Strategy 1. Philosophy and Strategic Objectives The...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 10: INVESTMENT STRATEGIES (PART 4 OF 4)

CHAPTER 10: INVESTMENT STRATEGIES (PART 4 OF 4) 10.1.4 Event-driven Investment Strategies Event-driven Investment Strate...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part One: Pre-Investment Due Diligence & Definitive Agreements)

Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part One: Pre-Investment Due Diligence & Definitive...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part Two: Regulation on Governance Structure in AIFs)

Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part Two: Regulation on Governance Structure in AIFs) T...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part Three: Conflict Mitigation, Co-Investments, and Conduct Rules)

Chapter 11: Governance of Funds and Due Diligence — Short Notes (Part Three: Conflict Mitigation, Co-Investments, and Co...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 1 of 5)

NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 1 of 5) 1. Introdu...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 2 of 5)

NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 2 of 5) 1. Underst...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 3 of 5)

NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 3 of 5) 1. Discoun...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 4 of 5)

NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 4 of 5) 1. Relativ...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 5 of 5)

NISM-Series-XIX-E: Category III Alternative Investment Fund Managers — Chapter 12: Valuation (Part 5 of 5) 1. Class a...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 1 of 4)

NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 1 of 4) E...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 2 of 4)

NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 2 of 4) T...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 3 of 4)

NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 3 of 4) E...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 4 of 4)

NISM-Series-XIX-E Alternative Investment Fund Managers: Chapter 13 – Fund Monitoring, Reporting and Exit (Part 4 of 4) T...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 14: TAXATION (PART 1 OF 4) — FUND-LEVEL LEGAL STRUCTURES & CORE TAXATION FRAMEWORK

CHAPTER 14: TAXATION (PART 1 OF 4) — FUND-LEVEL LEGAL STRUCTURES & CORE TAXATION FRAMEWORK 1. Introduction to Alt...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 14: TAXATION (PART 2 OF 4) — HEAD-WISE TAXATION OF INCOME STREAMS & TRANSACTIONAL IMPLICATIONS

CHAPTER 14: TAXATION (PART 2 OF 4) — HEAD-WISE TAXATION OF INCOME STREAMS & TRANSACTIONAL IMPLICATIONS 1. Charact...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 14: TAXATION (PART 3 OF 4) — LOSS REGIMES, ANTI-AVOIDANCE RULES & INDIRECT TAXES

CHAPTER 14: TAXATION (PART 3 OF 4) — LOSS REGIMES, ANTI-AVOIDANCE RULES & INDIRECT TAXES 1. Set-Off and Carry-For...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
CHAPTER 14: TAXATION (PART 4 OF 4) — CROSS-BORDER TAXATION, WITHHOLDING COMPLIANCES, FATCA/CRS & INVESTOR CASE STUDIES

CHAPTER 14: TAXATION (PART 4 OF 4) — CROSS-BORDER TAXATION, WITHHOLDING COMPLIANCES, FATCA/CRS & INVESTOR CASE STUDI...

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 1 of 5)

Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 1 of 5) 15....

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 2 of 5)

Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 2 of 5) 15....

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 3 of 5)

Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 3 of 5) 15....

31 Aug 2026 • NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 4 of 5)

Chapter 15: Regulatory Framework of Alternative Investment Funds (AIFs) — Comprehensive Short Notes (Part 4 of 5) 15....

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