n NISM Certifications
X NISM Series X
Medium

According to SEBI regulations, what is the minimum corpus for an Alternative Investment Fund (AIF)?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 5 crores

  2. B

    Rs. 10 crores

  3. C

    Rs. 15 crores

  4. Rs. 20 crores

    Correct answer

Why this is the answer

SEBI mandates that each AIF scheme must have a minimum corpus of Rs.20 crore to operate.

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