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Description
This workbook has been developed to assist candidates in preparing for
the National Institute of Securities Markets (NISM) Alternative
Investment Fund Managers Certification Examination. NISM-Series-XIX-C:
AIF Managers Certification Examination seeks to create a common minimum
knowledge benchmark for AIF Managers and its key investment team to
enhance the quality of fund management activities in the AIF space.
The
book covers basic understanding of the investment landscape,
alternative asset classes, alternative investment funds in India, role
and functions of various stakeholders in AIF and basics of portfolio
theory. The book also discusses, in depth, about the due diligence,
governance, monitoring and reporting processes followed by an AIF. It
also provides an understanding of the role of Investment Managers and
their team in performing various activities regarding fund management.
The book further emphasizes on valuation techniques, investment
strategies, performance evaluation along with benchmarking policies
adopted by AIFs. The taxation aspects and related regulations to be
adhered to by the AIFS in India have also been discussed in the
workbook.
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Table of Contents
Chapter 1. Investments Landscape
Chapter 2. Types of Investments
Chapter 3. Concept of Informational Efficiency
Chapter 4. Introduction to Modern Portfolio theory
Chapter 5. Introduction to Capital Market theory
Chapter 6. Alternative Investment funds in India and its Suitability
Chapter 7. Alternative Investment fund Ecosystem
Chapter 8. Alternative Investment fund Structuring
Chapter 9. Fee Structure and fund Performance
Chapter 10. Indices and Benchmarking
Chapter 11. Investment Strategies, Investment Process and Governance of funds
Chapter 12. Fund due Diligence - Investor Perspective
Chapter 13. Legal Documentation and Negotiations
Chapter 14. Valuation
Chapter 15. Fund Monitoring, Reporting and Exit
Chapter 16. Taxation
Chapter 17. Regulatory Framework
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Author Details
National Institute of Securities Markets (NISM)
is an educational institution established by the Securities and
Exchange Board of India (SEBI), the securities market regulator, in
2006. The Institute was established in pursuant to the Union Finance
Minister's proposal, in his 2005-06 Budget Speech, to set up an
institution for teaching and training intermediaries in the securities
markets and promoting research. NISM is committed to its vision 'to
lead, catalyze and deliver educational initiatives to enhance the
quality of securities markets'. The Institute conducts a wide range of
capacity building programmes in securities markets - from basic
financial literacy to full-time post-graduation programmes. The
Institute's six Schools of Excellence, viz., School Certification of
Intermediaries, School for Securities education, School for Invest
Education and Financial Literacy, School for Regulatory Studies and
Supervision, School Corporate Governance and School for Securities
Information and Research uphoc NISM's vision and works in synergy
towards professionalizing the markets. NISM is mandated by SEBI
(Certification of Associated Persons in the Securities Markets)
Regulations, 2007 to conduct certification examinations and continuing
profession education programs for associated persons engaged by an
intermediary. NISM a conducts certification examinations for other
regulators like IBBI and PFRDA. NIS certifications establish a single
market-wide knowledge benchmark for different function the Indian
securities market and enable the associated persons to advance their
knowledge and skills.
