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    Pass NISM 19A in your first attempt or get your money back

    Practise 630+ NISM 19A mock test questions online to improve accuracy, revise key concepts, and prepare confidently for the NISM 19A Alternative Investment Funds Distributors certification exam. If you don’t pass, you get your money back.

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    NISM 19A
    What is the Earnings Per Share (EPS) of Alpha Ltd.?

    How you’ll prepare

    01:24:36left
    1234567891011121314151617181920
    NISM 19A

    A higher EV/EBITDA multiple generally indicates what about a company's valuation?

    • ALower value
    • BHigh debt burden
    • CUnstable earnings

    Timed mock tests

    Exam-style papers on a running clock, with topic-level results after every attempt.

    68%Latest mock
    Score by mock+16
    Mock 1Mock 4

    Watch your score climb

    See how each mock compares with the last, so you know your prep is working.

    Overview of Alternative…48%
    Alternative Investment Funds…62%
    Concepts in the AIF Industry76%
    AIF Regulatory Framework84%

    Find your weak areas

    Topic-level results show where to spend your next study session.

    NISM 19A Formula Sheet

    Overview of Alternative…

    Alternative Investment…

    Concepts in the AIF…

    NISM 19A Revision Notes

    INR 5

    EPS = After Tax Profit / Number of Shares = INR 100 lakhs / 20 lakhs shares = INR 5 per share.

    Alternative Investment…

    Concepts in the AIF…

    Notes and formula sheets

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    Your mocks, study tools and support, in one prep pack.

    Mock tests6 tests
    • NISM 19A mock test 1
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    • NISM 19A mock test 2
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    • NISM 19A mock test 3
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    • NISM 19A mock test 4
      In the pack
    • NISM 19A mock test 5
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    • NISM 19A mock test 6
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    Notes2 PDFs
    • NISM 19A Revision Notes
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    • NISM 19A Formula Sheet
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    Mock Test Series
    NISM 19A
    Alternative Investment Funds Distributors
    Exam-level difficulty
    ₹499₹79938% off

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    This course includes:

    6 full-length mock tests
    Study notes & formula sheets (2 PDFs)
    Doubt solving on WhatsApp
    Performance analytics to identify weak areas
    Access valid for 2 months

    Pass guarantee

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    Syllabus covered

    13 sections · 105 topics · mock tests & practice

    Overview of Alternative Investments5 topics
    • Introduction to Alternative Investments
    • Alternative Investment Avenues
    • Alternative Investments – Antecedents and Growth
    • Distinguishing Alpha and Beta
    • Role of Alternative Investments in Portfolio Management
    Alternative Investment Funds in India6 topics
    • Evolution and Growth of AIFs in India
    • Trends Post-2008
    • Types of AIFs
    • Comparison of AIF Categories
    • Suitability and Enablers for AIF Products in India
    • Current AIF Market Status
    Concepts in the AIF Industry14 topics
    • The Private Capital Ecosystem
    • Due Diligence
    • Sponsor Commitment
    • Capital Commitment
    • Capital Invested
    • Drawdown
    • Fees and Expenses
    • Preferred Returns and Additional Returns
    • Distributions and Waterfall
    • First Close and Final Close
    • Private Placement Memorandum (PPM)
    • Co-investments
    • Term Sheet and Summary of Principal Terms (SOPT)
    • Environmental, Social and Governance (ESG)
    AIF Regulatory Framework2 topics
    • SEBI (Alternative Investment Funds) Regulations 2012
    • General Provisions of the Foreign Exchange Management Act 1999
    Alternative Investment Fund Structuring5 topics
    • Introduction
    • Principle of Pooling
    • General Pooling Considerations
    • Anatomy of AIF Constitution
    • Templates for AIF Structuring
    Risk and Return – Fund and Investor Perspective9 topics
    • Basics of Risk and Return
    • Nature and Types of Debt Investments
    • Nature of Equity Investments
    • Nature of Investor Risks in AIF
    • Primary Metrics of Returns
    • Return Measurement Metrics in Alternative Investments
    • The J Curve
    • Worked Out Case
    • Template of Important Risk Factors at Fund Level and Investor Level
    Investment Process and Governance of Funds7 topics
    • Deal Sourcing
    • Due Diligence Review (DDR)
    • Definitive Agreements
    • Overview of Important Investor Protection Rights
    • Co-investments in AIFs
    • Regulation on Governance Structure in AIF
    • Format of Compliance Test Reports (CTRs)
    Fund Due Diligence – Investor Perspective8 topics
    • Investor Perspective
    • Fund Selection Criteria
    • Evaluating the Fund Manager
    • Importance of Fund Due Diligence
    • Broad Aspects of Fund Due Diligence
    • Fund Benchmarking
    • Sales Strategy Formulation by Distributor
    • Illustrative Fund Due Diligence Information and Questionnaire
    Legal Documentation and Negotiation – Investor Perspective7 topics
    • Introduction
    • Trust Document, LLP Deed, and Memorandum and Articles of Association
    • Investment Management Agreement
    • Subscription (Investor Contribution) Agreement
    • Private Placement Memorandum
    • Support Services Agreements
    • Investor Charter for Alternative Investment Funds
    Fund Monitoring, Reporting and Exit11 topics
    • Monitoring Alternative Investment Fund Progress and Performance
    • Regulatory Framework for Fund Monitoring and Reporting
    • Context and Scope of Effective Fund Monitoring
    • Fund Reporting
    • Conflicts and Concerns in Fund Reporting
    • Exit Options due to Material Changes in PPM
    • Secondary Exits (Secondaries)
    • Exits from Portfolio Companies
    • Winding Up of an AIF
    • Liquidation Scheme
    • Dissolution Period
    Valuation13 topics
    • Introduction
    • Valuation Basics for Fixed Income Instruments
    • Approaches to Equity Valuation
    • Approaches to Business Valuation
    • Asset Based Valuation
    • Discounted Cash Flow (DCF) Valuation
    • Relative or Multiple Based Valuation
    • Valuation of AIF Portfolio Investments (Investee Companies)
    • General Approach to Fund Valuation
    • Valuation Regulations
    • Role of Valuers and Limitations of Valuation
    • Distributor Responsibility to Investors
    • Valuation Approaches for Start-Ups and Internet Businesses
    Taxation – India Specific9 topics
    • Basic Framework
    • AIF Taxation
    • Business Income and Investment Income
    • Taxation for Residents in India
    • Taxation of Non-residents in India
    • General Anti-Avoidance Rules (GAAR)
    • Goods and Services Tax (GST)
    • Stamp Duty and Local Taxes
    • Foreign Tax Account Compliance Act and Common Reporting Standard
    Good Practices9 topics
    • Introduction
    • Role of AIF Distributor
    • Distributor Agreement
    • Preparation of Distribution Pitch
    • Scope of Distribution Services (Pre and Post)
    • Client Confidentiality and Data Privacy at Distributor Level
    • Prohibit Fraudulent and Unfair Trade Practices
    • Prohibit Conflict of Interest
    • Distributor Good Practices

    A few things before you start

    Choose the pack because it fits your preparation.

    What is the pass guarantee?

    If you don’t pass your NISM 19A exam, you get your money back. Email care@onequest.in with your result and we’ll process the refund.

    How many mock tests are included?

    You get 6 full-length mocks.

    Is this aligned with the official NISM 19A syllabus?

    Our content targets the Series XIX (A) certification for Alternative Investment Funds (Categories I and II) distributors. Always verify against the latest NISM workbook and examination notice.

    How long is my access valid?

    Purchased access is valid for 60 days from the date of purchase unless a different period is shown at checkout.

    What is the refund policy?

    We offer a 7-day money-back guarantee subject to the fair-use terms shown at checkout.

    What is the validity after purchase?

    You receive 2 months of full access.

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