Integrato Digital

Sunday, 1 November 2026

Question of the day: NISM Series XIX-A

Chapter 4 · AIF Regulatory FrameworkHard

For AIF investment limits, "investable funds" means:

  • AThe gross corpus of the scheme
  • BCorpus net of expected fees and expenses
  • CThe amount drawn down from investors so far
  • DThe net asset value on the valuation date
Investable funds are the corpus after deducting expected fees and expenses over the fund's life.
The concept: Tenure, borrowing and investment limits

Exam trap: "Investable funds" means the corpus net of estimated expenses for management fees and other expenses over the fund's tenure, not the gross corpus.

Did this one catch you out? Test a friend.

Make it a daily habit

Create a free account to keep a streak, get a new question every day and take full-length free mock tests.

Create free accountTake a free 20-question test

Earlier questions

Install Integrato Digital on your phone to open today's question in one tap.