What is the NISM 19C exam?
The NISM Series XIX-C: Alternative Investment Fund Managers certification is mandatory under SEBI regulations for AIF managers and their key investment team. It builds a common minimum knowledge benchmark for fund management activities in the AIF space, covering fund structuring, valuation norms, governance processes, performance measurement, and taxation.
What this practice test covers
- AIF fund structuring, fees, and performance evaluation
- Regulatory framework: SEBI AIF Regulations, FEMA, and compliance requirements
- Fund governance processes and investment valuation norms
- Taxation of AIFs and related regulations
Passing the NISM 19C exam
You need 60% to pass the NISM 19C exam, with 25% negative marking for incorrect answers. Practising exam-pattern questions is the fastest way to identify and fix weak areas before exam day.
Why practice with mock tests
Reading the workbook tells you what you know; a timed mock test tells you what you can actually answer. Full-length mocks surface the topics you keep getting wrong and remove surprises on the real exam.