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    IWNPSL+537
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    Join 500+ candidates who cleared this exam

    Get the 730+ most important questions and answers to clear the NISM 19B Alternative Investment Funds (Category III) Distributors certification easily

    Easy explanations with every answer, so you understand the concept and can answer even the toughest NISM 19B questions.

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    NISM 19B
    An Angel Fund is included under which type of AIF?

    How you’ll prepare

    01:24:36left
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    NISM 19B

    What is the negative marking percentage for each question in the NISM-Series-XIX-B examination?

    • A15 percent
    • B10 percent
    • C25 percent

    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

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

    Overview of Alternative…48%
    Growth of Alternative…62%
    Introduction to Category III…76%
    Category III AIF: Fund…84%

    Find your weak areas

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

    NISM 19B Formula Sheet

    Overview of Alternative…

    Growth of Alternative…

    Introduction to Category…

    NISM 19B Revision Notes

    Venture Capital Fund

    The definition of Venture Capital Fund includes an angel fund.

    Growth of Alternative…

    Introduction to Category…

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    Mock tests7 tests
    • NISM 19B mock test 1
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    • NISM 19B mock test 2
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    • NISM 19B mock test 3
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    • NISM 19B mock test 4
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    • NISM 19B mock test 5
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    • NISM 19B mock test 6
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    • NISM 19B mock test 7
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    Notes2 PDFs
    • NISM 19B Revision Notes
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    • NISM 19B Formula Sheet
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    Mock Test Series
    NISM 19B
    Alternative Investment Funds (Category III) Distributors
    Exam-level difficulty
    ₹499₹79938% off

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    This course includes:

    7 full-length mock tests
    Study notes & formula sheets (2 PDFs)
    Doubt solving on WhatsApp
    Performance analytics to identify weak areas
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    Syllabus covered

    10 sections · 66 topics · mock tests & practice

    Overview of Alternative Investments4 topics
    • 1.1 Introduction to Alternative Investments
    • 1.2 Alternative Investment Avenues
    • 1.3 Alternative Investments – Antecedents and Growth
    • 1.4 Role of Alternative Investments in Portfolio Management
    Growth of Alternative Investment Funds in India and Suitability of Category III AIFs5 topics
    • 2.1 Evolution and Growth of Category III AIFs in India
    • 2.2 Types of AIFs
    • 2.3 Comparison of Categories
    • 2.4 Suitability and Enablers for Category III AIFs in India
    • 2.5 Current Category III AIF Market Status
    Introduction to Category III AIF Ecosystem7 topics
    • 3.1 Investments under Category III AIF
    • 3.2 Characteristics of Category III AIF
    • 3.3 Concepts prevalent in the Category III AIF industry
    • 3.4 Investments by Category III AIFs
    • 3.5 Comparison between Category III AIF and Traditional Investments
    • 3.6 Hedge Funds: Global Market Overview
    • 3.7 Category III AIF as a Risk Management tool
    Category III AIF: Fund Structures and Service Providers2 topics
    • 4.1 Fund structures of a Category III AIF
    • 4.2 Service Providers in the Category III AIF industry
    Regulatory Framework23 topics
    • 5.1 SEBI (Alternative Investment Funds) Regulations, 2012
    • 5.2 Registration of a Category III Alternative Investment Fund
    • 5.3 Accredited Investors, Accreditation Agencies and the Accredited Investor Framework
    • 5.4 Conditions for investment in a Category III AIF
    • 5.5 Private Placement Memorandum
    • 5.6 Guidelines on Operational, Prudential and Reporting Norms
    • 5.7 Conditions for investments by a Category III AIF
    • 5.8 Concentration Limits
    • 5.9 Category III AIFs: Open-ended v/s Close-ended
    • 5.10 Category III AIFs: Direct Plan Vs. Plans through Distributors
    • 5.11 Dematerialisation of AIF units
    • 5.12 First Close, Final Close and Fund Tenure
    • 5.13 Fund raising process – Regulatory requirements
    • 5.14 Listing of Close-ended Funds/ Schemes
    • 5.15 Category III AIFs: Participation in Credit Default Swaps
    • 5.16 General obligations and responsibilities of a Category III AIF
    • 5.17 Investor Charter
    • 5.18 Compliance Test Reporting (CTR)
    • 5.19 Foreign Account Tax Compliance Act and Common Reporting Standard
    • 5.20 SEBI (Prohibition of Insider Trading) Regulations, 2015
    • 5.21 Prevention of Anti-Money Laundering Act, 2002
    • 5.22 Foreign Exchange Management Act, 1999
    • 5.23 SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
    Fees Structure, Fund Performance and Benchmarking3 topics
    • 6.1 Fee Structure of a Category III AIF
    • 6.2 Fund Performance Measurement Tools
    • 6.3 Performance Benchmarking
    Category III AIF Investment Strategies and Due Diligence Process5 topics
    • 7.1 Equity-Market Investment Strategies
    • 7.2 Global-Macro Strategy
    • 7.3 Convertible Arbitrage Strategy
    • 7.4 Event-driven Investment Strategies
    • 7.5 Due Diligence Process
    Valuation4 topics
    • 8.1 Net Asset Value
    • 8.2 Valuation Techniques
    • 8.3 Computation of NAV for a Category III AIF vs. NAV attributable to a series of units issued to investors
    • 8.4 Role of third-party Registered Valuers
    Taxation8 topics
    • 9.1 Comparison of Tax-regime among all categories of AIFs
    • 9.2 Taxation principles applicable to Trust structure
    • 9.3 Tax applicability on income from Category III AIFs
    • 9.4 Goods and Services Tax
    • 9.5 Taxation on distribution/ redemption of units by Category III AIFs
    • 9.6 Taxation on transfer of Category III AIF units by investors
    • 9.7 Tax applicability to Category III AIFs in IFSC
    • 9.8 Tax impact on performance of Category III AIF
    Good Practices5 topics
    • 10.1 Fund Pitch Book – Role and Significance
    • 10.2 Role of Distributors – Pre-investment and Post-investment
    • 10.3 Client Confidentiality and Data Privacy at Distributor Level
    • 10.4 Code of Conduct
    • 10.5 Importance of Insurance for a Category III AIF

    A few things before you start

    Choose the pack because it fits your preparation.

    How many mock tests do I get?

    You get 7 full-length mocks.

    Is this aligned with the official NISM Series XIX-B syllabus?

    Our content targets the NISM Series XIX-B: Alternative Investment Funds (Category III) Distributors exam. 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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