n NISM Certifications
X NISM Series X
Medium

In a distribution waterfall, 'net proceeds' refer to the amount remaining after deducting management fees, taxes, and costs, which is then distributable among investors and managers.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Amount payable to manager

  2. B

    Actual net before taxes

  3. Net after all deductions

    Correct answer

  4. D

    Net receivable by investors from manager

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

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