n NISM Certifications
X NISM Series X
Medium

Is it true that a Private debt fund can be classified as a Category II AIF?

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. True

    Correct answer

  2. B

    False

Why this is the answer

Category II AIFs include private debt funds that do not leverage excessively and meet operational needs.

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