NISM AcademyNISM Series XIX-C AIF Managers: exam pattern, syllabus and how to register
For AIF managers and their key investment team, covering all AIF categories. NISM Series XIX-C is the certification for managers of Alternative Investment Funds and their key investment team. It covers the AIF product and ecosystem, fund structure and fees, strategies, governance, valuation and exits, performance measurement, taxation, and the related regulations (SEBI AIF, FEMA, PMLA, insider trading and PFUTP).
NISM Series XIX-C exam pattern at a glance
- Questions
- 90 + 6 case studies
- Duration
- 180 minutes
- Total marks
- 150
- Passing score
- 60% (90/150)
- Negative marking
- 25% per wrong answer
- Exam fee
- ₹3,000
- Certificate valid
- 3 years
90 one-mark questions plus 6 case studies of 5 questions each (2 marks each, 60 marks). Fees and pattern are set by NISM and can change, so confirm on the official NISM Series XIX-C page before you book.
Who should take NISM Series XIX-C?
AIF managers and key members of their investment teams.
Why you need it: Meets SEBI’s certification requirement for the key investment team of an AIF manager. NISM also offers category-specific versions: XIX-D (Category I & II) and XIX-E (Category III).
NISM Series XIX-C syllabus: 10 chapters
- Investment landscape
- Portfolio theory
- AIF ecosystem
- Fund structure & fees
- Strategies & governance
- Legal documentation
- Valuation & exits
- Performance measurement
- Taxation
- Regulatory framework
How to prepare for NISM Series XIX-C
Wide syllabus plus 60 marks of case studies. Plan 5 to 6 weeks. 25% negative marking applies.
NISM Series XIX-C mock tests are coming soon
We are building exam practice one series at a time and start with the most requested. Tell us you want NISM Series XIX-C: it takes one tap and needs no sign-up.
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What is NISM Series XIX-C?
NISM Series XIX-C is the AIF Managers Certification Examination conducted by the National Institute of Securities Markets. Meets SEBI’s certification requirement for the key investment team of an AIF manager. NISM also offers category-specific versions: XIX-D (Category I & II) and XIX-E (Category III).
How many questions are in NISM Series XIX-C?
The exam has 90 one-mark questions plus 6 case studies of 5 questions each (2 marks each, 60 marks), for a total of 150 marks. You get 180 minutes.
What is the passing score for NISM Series XIX-C?
You need 60%, which is 90 out of 150 marks.
Is there negative marking in NISM Series XIX-C?
Yes. 25% of a question’s marks are deducted for each wrong answer. Unattempted questions score zero.
How should I prepare for NISM Series XIX-C?
Wide syllabus plus 60 marks of case studies. Plan 5 to 6 weeks. 25% negative marking applies.
How do I register for NISM Series XIX-C?
Create an account on NISM’s certification portal, choose the exam, pick a test centre or remote-proctored slot, and pay the fee online. NISM Academy can’t register you; we link you to the official portal.
How long is the NISM Series XIX-C certificate valid?
Three years from the date you pass.