NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 1
100 Questions • Mock Simulation
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 2
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 3
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 4
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 5
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 6
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests 7
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Case-based Practice Tests
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests Case-based 1
100 Questions • Case-based only
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests Case-based 2
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Locked - Purchase to UnlockExamination Objectives
- Understand the fundamentals of alternative asset classes and the Alternative Investment Funds (Category III) markets in India.
- Gain detailed knowledge regarding Category III AIFs, specifically covering:
- The ecosystem of AIF (Category III) and the roles of its external service providers.
- The function of Category III AIFs as a Risk Management Tool.
- Fund structures, fee structures, techniques for performance measurement and their interpretations, and the importance and role of performance benchmarking.
- Various investment strategies employed and the investment due diligence process followed by investors.
- The concept of Net Asset Value (NAV), the valuation techniques used, and the role of third-party registered valuers.
- Different taxation aspects for the fund and its investors, applicable in both domestic and International Financial Services Centre (IFSC) jurisdictions.
- The role and conduct expected of distributors when servicing the Category III AIF market.
- Be knowledgeable about the regulatory environment under which AIFs (Category III) operate in India.
Assessment Structure
- It comprises 80 multiple-choice questions, with each question carrying 1 mark, amounting to a total of 80 marks.
- Additionally, there are 5 case-based questions, with each case having 4 questions, contributing 20 marks to the examination (5 cases * 4 questions/case * 1 mark/question).
- The total marks for the examination are 100.
- Candidates are allotted 2 hours to complete the examination.
- A passing score of 60 is required.
- There is a negative marking of 10 percent of the marks assigned to a question for incorrect answers.
Syllabus Outline with Weights
| Chapter No | Chapter Name | Weightage (marks) |
|---|---|---|
| 1 | Overview of Alternative Investments | 4 |
| 2 | Growth of Alternative Investment Funds in India and Suitability of Category III AIFs | 4 |
| 3 | Introduction to Category III AIF Ecosystem | 12 |
| 4 | Category III AIF: Fund Structures and Service Providers | 12 |
| 5 | Regulatory Framework | 15 |
| 6 | Fees Structure, Fund Performance and Benchmarking | 15 |
| 7 | Category III AIF Investment Strategies and Due Diligence Process | 8 |
| 8 | Valuation | 12 |
| 9 | Taxation | 10 |
| 10 | Good Practices | 8 |
| Total marks | 100 |
Study Materials
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Workbook
DownloadExam Instructions
- Each test contains multiple-choice questions.
- Each test contains up to 100 multiple-choice questions.
- The last test in a series may contain fewer questions if the bank does not divide evenly.
- Navigate freely between questions.
- Submit test to view your results.
- Good luck!
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