NISM Professor
NISM Series XIX-A

Alternative Investment Funds (Category I and II) Distributors

For distributors of Category I and II AIFs. Voluntary, with lighter 10% negative marking.

Exam pattern

Duration
120 min
Total marks
100
Pass mark
60% (60)
Negative marking
10%

There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

  1. 1Overview of Alternative Investments5%
  2. 2Alternative Investment Funds in India5%
  3. 3Concepts in Alternative Investment Funds Industry5%
  4. 4Regulatory Framework – Indian Context10%
  5. 5Alternative Investment Fund Structuring10%
  6. 6Risk and Return – Investor and Fund Perspective10%
  7. 7Investment Process and Governance of Funds10%
  8. 8Fund Due Diligence – Investor Perspective Legal Documents and Negotiations – Investor15%
  9. 910 Perspective13%
  10. 10Fund Monitoring, Reporting and Exit5%
  11. 11Valuation5%
  12. 12Taxation – India specific5%
  13. 13Good Practices5%

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Frequently asked questions

What is the passing mark for NISM Series XIX-A?
You need 60% to pass NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors. On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series XIX-A?
There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series XIX-A exam?
The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series XIX-A certificate valid?
NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.