Launch of NISM-Series-XIX-D: Category I and II Alternative Investment Fund Managers Certification Examination w.e.f. May 01, 2025.
This examination seeks to create a common minimum knowledge benchmark for Category I and II AIF Managers and its key investment team. The examination focuses to enhance the quality of fund management activities in the AIF space and enables a better understanding of features of AIF products, investment valuation norms, fund governance processes, fund performance measurements, taxation aspects and related regulations. The examination is focused on fund management aspects relating to Category I and II AIFs.
Examination Objectives
On successful completion of the examination, the candidate should:
Assessment Structure
The examination consists of 60 multiple-choice questions and 4 case-based questions (each Case having 5 sub-questions). The assessment structure is as follows: Test details
Multiple Choice Questions [60 questions of 1 mark each] | 60*1 = 60 |
Case-based Questions [4 cases (each case with 5 questions of 2 mark each)] | 4*5*2 = 40 |
The examination should be completed in 2 hours. The passing score for the examination is 60% i.e. 60 marks out of 100. There shall be negative marking of 25 percent of the marks assigned to a question.
Test Details
+ Payment Gateway Charges extra.
~ 60 multiple choice questions of 1 mark each and 4 caselets with 5 multiple choice questions of 2 mark each (Total 80 questions adding up to 100 marks).
* Negative marking – 25% of the marks assigned to the question.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.
How to register and take the examination
To find out more and register for the examination please visit www.nism.ac.in
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