Alternative Investment Funds (AIF) Distributors and Managers Combo Books (NISM) By Taxmann

Alternative Investment Funds (AIF) Distributors and Managers Combo is a comprehensive, category-segmented reference set comprising five authoritative workbooks that together document how Alternative Investment Funds are distributed, structured, managed, governed, valued, monitored, and regulated in India. This Combo functions as a complete operational library for professionals working across the AIF ecosystem. Rather than treating AIFs as a single homogenous asset class, this Combo recognises the fundamental distinctions between Category I & II AIFs and Category III AIFs, as well as the different knowledge expectations from distributors versus fund managers. Accordingly, it integrates two distributor-focused workbooks and three manager-focused workbooks, ensuring that every stage of the AIF lifecycle—from product positioning and investor suitability to valuation, reporting, exits, taxation, and regulatory compliance—is addressed with role-specific depth and regulatory precision.

This Combo is designed for stakeholders who require practical, defensible, and regulation-aligned AIF knowledge for professional application.

It is particularly suited for:

• AIF Distributors & Placement Agents handling investor onboarding, product positioning, documentation readiness, and ongoing investor servicing
• Wealth Managers, Private Bankers, and Investment Advisors advising HNIs/UHNIs, family offices, and institutions on alternative investments
• AIF Managers and Investment Teams responsible for fund structuring, investment execution, portfolio governance, valuation policy, and reporting
• Compliance, Risk, Operations, and Fund Accounting Professionals engaged in disclosures, inspections, NAV computation, surveillance preparedness, and regulatory adherence
• Lawyers, Tax Advisors, Consultants, Trusteeship & Fund Administration Professionals supporting AIF structuring, documentation, and compliance frameworks
• Students and Job Aspirants seeking a structured, practice-oriented understanding of AIFs for careers in the private markets and securities markets infrastructure

This Combo comprises five authoritative workbooks developed by the National Institute of Securities Markets (NISM) and published exclusively by Taxmann. Each workbook has been prepared in close collaboration with NISM's Certification Team and seasoned industry experts, and rigorously reviewed by senior practitioners. The key features of this Combo include:

• [Role-based Coverage] Separate, dedicated treatment for distributors and fund managers, reflecting real-world functional responsibilities
• [Category-specific Precision] Distinct handling of Category I & II AIFs and Category III AIFs, recognising differences in lifecycle, strategy, valuation, and compliance intensity
• [Lifecycle Orientation] Covers the complete AIF lifecycle: structuring, fundraising, investment process, valuation/NAV, monitoring, exits, winding-up, and taxation
• [Workbook-style Pedagogy] Lucid explanations, practical illustrations, caselets, MCQs, and worked examples across all five books
• [Regulatory Anchoring] Embedded treatment of SEBI (AIF) Regulations, FEMA, PMLA, and allied SEBI regulatory frameworks, ensuring compliance-focused understanding
• [Desk-reference Utility] Designed for continuous professional use, not limited to examination preparation

The coverage of the Combo is as follows:

• Distribution-focused Workbooks – The distributor books concentrate on product understanding, suitability assessment, investor communication, and professional conduct
• Category I & II Distributors
• Covers alternative investment fundamentals, private capital ecosystem concepts, AIF structuring overview, distributor-led due diligence and benchmarking, legal documentation literacy, valuation awareness, taxation framework, monitoring and exit understanding, and best practices in distribution
• Category III Distributors
• Focuses on Category III product positioning, strategy understanding, suitability analysis, fee and performance structures, valuation/NAV orientation, taxation considerations, regulatory discipline, and distributor responsibilities in strategy-intensive AIFs
• Fund Management-focused Workbooks – The manager books establish foundational, category-specific, and advanced fund management capability
• Alternative Investment Funds Managers
• Provides cross-category foundations covering investment theory, portfolio construction, AIF ecosystem and structuring, governance, valuation, performance measurement, taxation, and regulatory context
• Category I & II AIF Managers
• Delivers in-depth coverage of private-market fund management, including fund structuring, documentation, investment process, governance, valuation policy, monitoring and exits, taxation mechanics, and Category I & II regulatory obligations
• Category III AIF Managers
• Addresses strategy-driven fund management, valuation and NAV computation, risk-adjusted performance measurement, benchmarking, governance, monitoring, exits, taxation, and the specialised regulatory framework applicable to Category III AIFs

The structure of the Combo is as follows:

• Modular Design – Each workbook can be used independently or as part of the Combo, depending on role and category exposure
• Progressive Learning Flow – Concepts → Ecosystem & Structures → Investment & Governance → Valuation, Reporting & Exits → Taxation & Regulation
• Chapter-based Organisation – Each book is divided into logically sequenced chapters supported by illustrations, assessment questions, and practical references
• Flexible Usage Pathways – Suitable for distributors, fund managers, compliance teams, and advisory professionals to use selectively or comprehensively