n NISM Certifications
X NISM Series X
Medium

Which of these is considered ‘investment funds’ under the Income Tax Act and enjoys ‘tax pass through’ status?

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Foreign Portfolio Investor registered with SEBI

  2. Category I AIF registered with SEBI

    Correct answer

  3. C

    Category II AIF registered with SEBI

  4. D

    Category III AIF registered with SEBI

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

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