NISM X Taxmanns Category III Alternative Investment Fund Managers Equips Professionals with Complete Knowledge of Category I

Category Iii Alternative Investment Funds Managers Workbook Is A Comprehensive, ExamAligned Resource For Professionals Managing Or Aspiring To Manage Category Iii Aifs In India. Developed By The Certification Team Of The National Institute Of Securities Markets (Nism), This Workbook Builds Core And Advanced Competencies Across Investment Theory, Aif Ecosystem And Structuring, Governance, Valuation, Performance Measurement, Benchmarking, Taxation, And The Complete Regulatory Framework.This Book Is Intended For The Following Audience: Aif Managers & Investment Teams Of Category Iii Schemes (Hedge/LongShort, AbsoluteReturn, Arbitrage, Quant Strategies) Compliance, Operations & Risk Professionals Supporting Aifs And Investment Managers Valuation, Fund Accounting & Reporting Teams Working With Nav, Returns, And Benchmarking Lawyers & Advisors Engaged In Aif Documentation, Negotiations, And Transaction Support Students & Job Aspirants Seeking A Structured Pathway Into IndiaS Securities Markets And Aif Industrythe Present Publication Is The April 2025 Workbook Version. It Is Developed In Collaboration With The Certification Team Of Nism, Archit Lohia, Pratap Giri And Dr Rachana Baid And Reviewed By Biharilal Deora. It Is Published Exclusively By Taxmann, With The Following Noteworthy Features: [EndToEnd Aif Coverage] From Investment Theory Foundations To Advanced Category Iii Strategies, Risk, Performance, Governance, Nav, And Exits [PracticeOriented Pedagogy] Illustrative Caselets And Mcqs [Regulatory Focus] Sebi (Aif) Regulations 2012, Fema, Pmla, Sebi (Pit), Sebi (Pfutp), Icdr, Fpi Regulations, Fatca/CrsContextualised For Category Iii Fund Management [Valuation & Benchmarking Depth] Equity, FixedIncome And Business Valuation Approaches; RiskAdjusted Metrics, Index Methodologies, And Performance Benchmarking [Governance & Documentation] Fund Constitution, Imas, Ppms, Subscription Agreements, Wrappers, And BestPractice Codes Of Conduct [ExamReady Design] Lucid Explanations, Structured Learning Flow, And Explicit Mapping To Syllabus Weightagesthe Coverage Of The Book Is As Follows: Section A Basics Of Investmentso Investment Landscape; Traditional Vs. Alternative Assets; Channels And Portfolio Roleso Modern Portfolio Theory & Capital Market Theory Efficient Frontier, Capm, Sml; Risk/Return Estimation And Optimisation Section B Understanding The Aif Ecosystemo Evolution Of Aifs In India, Categories And Suitability; Category Iii Vs. Traditional Products; Diversification And RiskManagement Roleso Aif Structuring & Pooling Trust/Llp/Company Forms; Comparative Analyses; Fund Anatomyo Fees & Performance Management Fees/Expenses, Hurdle Rates, HighWater Marks, Risk Types And Measures, Pre/PostTax Returns, RiskAdjusted Metricso Indices & Benchmarking Stock, Bond, Composite Indices; Methodologies; Benchmarking Principleso Legal Documentation & Negotiations Constitutive Documents, Imas, Ppms, Subscription Agreements, SupportService Contracts Section C Managing Aif Investments (Category Iii)O Investment Strategies Employed By Category Iii Aifso Governance & Due Diligence Investor Dd, Agreements, Conflict Management, CoInvestments, Codes Of Conduct, Best Practiceso Valuation FixedIncome Basics; Equity And Business Valuation (Dcf, Multiples, AssetBased); Nav Computation For Category Iii (Including Series); Role Of Registered Valuers; Applicable Regulationso Fund Monitoring, Reporting & Exit Regulatory Reporting, Exit Options, Winding Up, Liquidation, And Dissolution Frameworks Section D Taxation & Regulatory Frameworko Taxation Of Aifs & Investors SetOff/CarryForward, Gaar, Mli, Other Applicable Taxes With Exampleso Sebi (Aif) Regulations 2012 Registration/Eligibility, Sponsor/Manager Commitment, Open/CloseEnded Schemes, Accredited Investors, Closes And Tenure, Demat Of Units, CorpusRaising, Category Iii Operational/Prudential/Reporting Norms, General Obligations, Inspection, Codes, Surveillance, Disclosure And Due Diligenceo Fema Inbound/Overseas Investment Routes, Foreign Investments In/Through Aifso Pmla Compliance And Other Sebi Regulations (Pit, Pfutp, Icdr, Fpi) Plus Fatca/Crsthe Structure Of The Book Is As Follows: Logical Progression Foundations Aif Ecosystem & Structure Category Iii Portfolio Management Valuation & Monitoring Taxation & Regulation Syllabus & Weightages Clear Mapping Of Chapters To Marks (E.G., Strategies12, Structuring10, Performance10, Valuation10, Regulatory10, Monitoring/Exit10, Etc.), Enabling Focused Study Planning Learning Aids Definitions, Worked Illustrations, Comparative Tables, And Annexures For Quick Revision And Practical Application