NISM Series XIX-E (Cat III AIF)
NISM Series XIX-E Alternative Investment Fund Managers (Cat III)
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Exam overviewPractice session
An open-ended Category III AIF has gross assets of Rs. 1,200 Crores. The fund has outstanding borrowing of Rs. 150 Crores, accrued management fees of Rs. 10 Crores, and other operational liabilities of Rs. 40 Crores. If there are 1 Crore outstanding units, what is the Net Asset Value (NAV) per unit?
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