SID / SAI / KIM explainer

SEBI's mutual fund framework requires offer documents that explain a scheme and the fund offering it. Read the current Scheme Information Document (SID), Statement of Additional Information (SAI), Key Information Memorandum (KIM) and any subsequent addenda together.

i2 Finserv can be contacted for help locating the documents for a scheme you are considering. They are also available from the AMC. A document's publication or filing does not mean SEBI recommends the scheme or guarantees returns.

The SID explains the specific scheme: what it seeks to do, how it invests and the risks and terms attached to your investment.

• Investment objective, asset allocation and investment strategy.
• Risk factors and the scheme's SEBI Riskometer.
• Expenses, including TER information for Direct and Regular Plans.
• Exit loads, redemption terms, liquidity and any lock-in.
• Fund manager, benchmark and scheme performance information where available.
• Valuation and NAV-related disclosures.

Check the latest AMC disclosures too: expenses, the Riskometer, managers and other scheme details can change after a document is issued.

The SAI provides information about the mutual fund and AMC that generally applies across its schemes. Read it with the SID.

• Details of the sponsor, trustees, AMC and service providers.
• Rights of unit holders and general operating procedures.
• Tax information and relevant legal provisions.
• KYC, investor eligibility and documentation requirements.
• Investor services and the grievance redressal mechanism.

The KIM is a concise summary of key scheme information. Its length varies; it is a useful first read, but it does not replace the complete SID and SAI.

• Investment objective, asset allocation and Riskometer.
• Benchmark, fund manager and performance information.
• NAV publication and transaction information.
• Exit load, expenses and minimum investment amounts.
• Purchase, redemption and other essential scheme terms.

Ask i2 Finserv

Email hello@i2finserv.com or call +91 98106 03135 with the scheme name. Official scheme documents are available without a purchase obligation; use the AMC's published copies to check the latest terms.

• Confirm the exact scheme, Direct / Regular Plan and Growth / IDCW option.
• Compare the stated objective and investment horizon with your needs.
• Understand the possibility of loss, liquidity limits and any lock-in.
• Check expenses, exit loads and the impact of applicable taxes.
• Read current addenda and ask about anything you do not understand before authorising a transaction.