n NISM Certifications
X NISM Series X
Medium

Which of the following is NOT an alternative investment asset?

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. A

    Equity shares of an unlisted company

  2. B

    Collateralised debt obligations

  3. C

    Unlisted debt security of a project SPV

  4. Debt mutual fund

    Correct answer

Why this is the answer

Debt mutual funds invest in debt securities but are not classified as direct alternative investments, unlike direct holdings in unlisted or structured debt assets.

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