Taxmann’s Alternative Investment Funds (Categories I and II) Distributors by NISM – Edition August 2021

Alternative Investment Funds (Categories I and II) Distributors seeks to create a common minimum knowledge benchmark for persons working in the Alternative Investment Fund domain in India as:

• Distributors, or
• Placement Agents

It also aims to enhance the quality of sales and distribution and enable better quality investor services.

The Present Publication is the January 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination XIX-A [Alternative Investment Funds (Categories I and II) Distributors], with the following noteworthy features:

• [Know the Basics] of alternative asset class and the Alternative Investment Funds (Categories I and II) markets in India
• [Understand] the following in detail:
  • General concepts prevalent in the AIF industry
  • Structure, risk-return relationship, investment process, governance aspects, monitoring and exit strategies of AIFs
  • Importance of fund due diligence, legal documentation and negotiation skills along with the assessment of risk & return by the investors
  • Valuation process and methodologies followed by the AIFs for its investee companies
  • Various taxation aspects for the fund and its investors
  • Role and conduct of distributors in servicing the investors
• [Know the Regulatory Environment] in which AIFs (Categories I and II) operate in India

The detailed contents of the book are as follows:

• Overview of Alternative Investments
• Alternative Investment Funds in India
• Concepts in the AIF Industry
• AIF Regulatory Framework
• Alternative Investment Fund Structuring
• Risk and Return – Fund and Investment Perspective
• Investment Process and Governance of Funds
• Fund Due Diligence – Investor Perspective
• Legal Documentation and Negotiation – Investor Perspective
• Fund Monitoring, Reporting and Exit
• Valuation
• Taxation – India Specific
• Good Practices

NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professional meet the defined minimum common knowledge benchmark for various critical market functions like:

• Mutual Funds
• Equities
• Derivatives
• Securities Operations
• Compliance
• Research Analysis
• Investment Advice

These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.