n NISM Certifications
X NISM Series X
Medium

An Alternative Investment Fund (AIF) consists of __________ funds.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Lump sum

  2. B

    Mass market

  3. C

    Limited

  4. Privately pooled

    Correct answer

Why this is the answer

An AIF is defined by SEBI as a privately pooled investment vehicle that collects funds from a select group of investors rather than the general public.

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