What is the NISM 19E exam?
The NISM Series XIX-E: Category III Alternative Investment Fund Managers certification creates a common minimum knowledge benchmark for Category III AIF fund managers and their key investment teams. It covers fund management aspects specific to Category III AIFs, including product features, investment valuation norms, fund governance, performance measurement, taxation, and related regulations.
What this practice test covers
- Category III AIF structures and fund management practices
- Investment valuation norms and fund governance processes
- Fund performance measurement
- Taxation aspects and related SEBI regulations
Passing the NISM 19E exam
You need 60% to pass the NISM 19E exam, with a 25% negative marking penalty for each wrong answer. Practising exam-pattern questions under timed conditions 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.