1. For providing information about a particular MF scheme, 3 important documents are approved by Sebi:-
a) Scheme Information Document (SID)
b) Statement of Additional Information (SAI) and
c) Key Information Memorandum (KIM).
2. SID is the primary scheme-related document and provides basic information like:-
a) Fundamental attributes like investment objective, policies and asset allocation pattern,
b) Past performance, benchmark, plans & options,
c) Fund management team details,
d) Expense ratio, loads, fees and liquidity details,
e) Risk factors and risk mitigation mechanism, and
f) Tax implication and limits on investments & redemption details.
3. SAI is also called Part B prospectus and provides additional information like:-
a) Any changes made in the scheme’s operations and other related areas,
b) Details about AMC, constitution of MF & other related authorities, and
c) General and legal information, financial & legal issues.
4. KIM is an abridged version of SID and SAI, and contains key scheme-related information from both documents.
5. While KIM suffices for a retail investor's general knowledge, SID must be read in conjunction with SAI - and not in isolation - for detail information.
a) Scheme Information Document (SID)
b) Statement of Additional Information (SAI) and
c) Key Information Memorandum (KIM).
2. SID is the primary scheme-related document and provides basic information like:-
a) Fundamental attributes like investment objective, policies and asset allocation pattern,
b) Past performance, benchmark, plans & options,
c) Fund management team details,
d) Expense ratio, loads, fees and liquidity details,
e) Risk factors and risk mitigation mechanism, and
f) Tax implication and limits on investments & redemption details.
3. SAI is also called Part B prospectus and provides additional information like:-
a) Any changes made in the scheme’s operations and other related areas,
b) Details about AMC, constitution of MF & other related authorities, and
c) General and legal information, financial & legal issues.
4. KIM is an abridged version of SID and SAI, and contains key scheme-related information from both documents.
5. While KIM suffices for a retail investor's general knowledge, SID must be read in conjunction with SAI - and not in isolation - for detail information.