n NISM Certifications
X NISM Series X
Medium

A fund with a PIC (Paid-in Capital) of 0.90 indicates that the fund has drawn down most of its committed capital, with 90% of the total committed capital already invested or called upon by the fund.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    That the fund has 90% recovery rate on its investments

  2. That it has drawn down most of the capital commitments

    Correct answer

  3. C

    That it has only 10% NPA level

  4. D

    That the fund is about to complete its final close

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

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