n NISM Certifications
X NISM Series X
Medium

The SEBI (AIF) Regulations, 2012 define an AIF as a privately pooled structure, meaning it is a private investment vehicle that pools funds from select investors, rather than a public scheme.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Privately pooled

    Correct answer

  2. B

    NBFC

  3. C

    Corporate

  4. D

    Financial

Why this is the answer

The key characteristic of an AIF is that it is a private, pooled investment vehicle.

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