n NISM Certifications
NSM General NISM
Medium

AIFs are generally designed for which type of investors?

Practice question from CWM A B1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    School students

  2. B

    Retail savers with ₹500 SIP

  3. Sophisticated HNI and institutional investors

    Correct answer

  4. D

    Only government entities

Why this is the answer

AIFs target sophisticated investors who understand higher risk, lower liquidity, and complex investment structures.

Test yourself for real

Take a full General NISM mock test.

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