n NISM Certifications
X NISM Series X
Medium

In what form are holdings of an investor in an AIF denoted?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Shares

  2. Units

    Correct answer

  3. C

    Bonds

  4. D

    Any of the above

Why this is the answer

AIFs issue units, similar to mutual funds.

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