Integrato Digital

Monday, 26 October 2026

Question of the day: NISM Series XIX-A

Chapter 3 · Concepts in the AIF IndustryHard

A most-favoured-nation (MFN) clause lets an investor:

  • AAvoid paying any management fees
  • BClaim better terms given to similar investors
  • CWithdraw from the fund at any time
  • DChoose the fund's investments
MFN rights let an investor elect to receive better terms given to similar investors through side letters.
The concept: Other common terms

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