A fund due diligence process includes examining fund governance, policies, internal controls, compliance, and the profile of the management team. Regulatory compliance alone is one aspect but not sufficient alone.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

Ensure governance conformance

Correct answer
B

Ensure separate AIF per scheme
C

Certify valuation reports
D

Verify regulator registration

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series XIX A- Alternative Investmen…