Scheme Information Document on WebNotes

How to read a Scheme Information Document (SID) for a mutual fund

Tue, 19 May 2026 00:00:00 +0000

A Scheme Information Document (SID) is the most detailed disclosure document for a mutual fund. SEBI mandates SID content and updates. For serious investors evaluating a new scheme (NFO or established), reading the SID is the diligence baseline.

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Step-by-step procedure

See the procedure infobox above.

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.

NFO addendum for mutual funds in India

Tue, 12 May 2026 00:00:00 +0000

An NFO addendum (New Fund Offer addendum) is a supplementary disclosure document issued by an Asset Management Company to amend or supplement the terms of an ongoing or upcoming New Fund Offer for a mutual fund scheme. The addendum modifies specific clauses in the Scheme Information Document (SID) or the Key Information Memorandum (KIM) without replacing those documents in their entirety. It must be filed with SEBI and published on the AMC’s website, and is read together with the original SID/KIM as an integral part of the offer documents. Addenda are also issued after the NFO is closed and the scheme is in the continuous offer period, for ongoing scheme amendments.