n NISM Certifications
X NISM Series X
Medium

The International Private Equity and Venture Capital Valuation (IPEV) Guidelines are recommendatory, not mandatory, for all Alternative Investment Funds (AIFs). These guidelines aim to establish best practices for valuation, ensuring consistency and transparency across private equity and venture capital investments, but are not legally binding.

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

    The guidelines are mandatory for AIFs

  2. The guidelines are recommendatory for AIFs

    Correct answer

  3. C

    The guidelines are mandatory for Category I AIFs only

  4. D

    The guidelines are recommendatory for Category III AIFs only

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

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