Scheme Information Document for Indian mutual funds

Sat, 16 May 2026 00:00:00 +0000

A Scheme Information Document (SID) is the principal statutory offer document that an asset management company (AMC) must file with the Securities and Exchange Board of India and make available to investors before launching any new mutual fund scheme in India. The SID serves a function analogous to a prospectus in equity capital markets: it discloses, in a standardised SEBI-prescribed format, the scheme’s investment objective, asset allocation, benchmark, fund manager, fee structure, risk factors, tax implications, exit-load schedule, and the rights of unit-holders. The SID is the single most consequential disclosure document at the scheme level and is the document against which an AMC’s compliance with the SEBI scheme rationalisation circular of 2017 , the riskometer framework , and the TER slabs is assessed.

Statement of Additional Information for Indian mutual funds

Sat, 16 May 2026 00:00:00 +0000

The Statement of Additional Information (SAI) is the AMC-level statutory disclosure document that every Indian mutual fund house must maintain, file with the Securities and Exchange Board of India , and make publicly available, incorporating legal, organisational, governance, financial, accounting, and tax disclosures common to all schemes managed by the AMC. The SAI is the AMC-level counterpart to the Scheme Information Document (SID) (which is scheme-specific) and the Key Information Memorandum (KIM) (which is the point-of-sale summary), together forming the three-part disclosure framework introduced by SEBI Circular SEBI/IMD/CIR No. 9/120982/08 dated 14 January 2008. The SAI is mandated under Regulation 29 of the SEBI (Mutual Funds) Regulations, 1996 and is supplemented by the SEBI Master Circular on Mutual Funds, most recently reissued in May 2024.

Regulation 29 on WebNotes

Scheme Information Document for Indian mutual funds

Statement of Additional Information for Indian mutual funds