Exam jitters grip finance pros as Sebi mandates certification
Mint Mumbai|April 19, 2023
These new provisions are part of a larger revamp of AIF norms currently being undertaken by Sebi
Pavan Burugula
Exam jitters grip finance pros as Sebi mandates certification

Several private equity and hedge fund managers are experiencing exam jitters following a proposal that mandated the finance pros validate their skills by clearing a certification examination from the National Institute of Securities Market (NISM).

The Securities and Exchange Board of India (Sebi) approved the proposal mandating certification for alternative investment funds (AIFs), according to minutes from its board meeting on 29 March. Fund managers offering portfolio management services and investment advisers are already subject to similar certification requirements. AIFs, which serve high net-worth investors with a minimum investment of 1 crore, will now face the same scrutiny.

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