SID vs KIM vs SAI: the three mutual fund documents
On SID vs KIM vs SAI: these are the three documents that together make up a mutual fund's offer document set under SEBI's rules. The Scheme Information Document (SID) is the full document for one scheme. The Key Information Memorandum (KIM) is its short form, attached to the application. The Statement of Additional Information (SAI) is the fund-house-level document shared across all schemes of an Asset Management Company. Knowing which is which tells you where to look for a given fact.
Definition
SID, KIM, and SAI
are the three parts of a mutual fund's offer document set. The SID is the full scheme document, the KIM is its abridged form attached to the application, and the SAI is the fund-house-level document common to all of an AMC's schemes. Source: SEBI (Mutual Funds) Regulations, 2026.
SID vs KIM vs SAI: what each one is for
Each document answers a different question. The SID and KIM are about one scheme; the SAI is about the fund house behind it.
| SID | KIM | SAI | |
|---|---|---|---|
| Scope | One scheme | One scheme | Whole fund house |
| Length | Full detail | Abridged summary | Fund-house detail |
| Attached to application | No | Yes | No |
| Covers objective and allocation | Yes, in full | Yes, in short | No |
| Covers riskometer | Yes | Yes | No |
| Covers trustees, sponsor, tax | No | No | Yes |
| Filed per | Scheme | Scheme | Fund house |
Which document should you read first?
Read the KIM first: it is the two-minute summary attached to the application form, carrying the objective, asset allocation, riskometer, costs, and minimum investment. If the scheme still fits, read the SID for the full detail behind those points. Turn to the SAI when the question is about the fund house itself, its trustees, ownership, tax position, or investor rights, since one SAI covers every scheme.
How they fit together
The SID incorporates the SAI by reference, so a scheme's full legal disclosure is the SID plus the SAI, with the KIM as the summary layer on top. All three are separate from the ongoing disclosures a running scheme makes, such as the monthly factsheet and the portfolio data behind tracking a fund's holdings.
So, SID vs KIM vs SAI in one line: the full scheme document, its short form, and the fund-house document, read together. Flock reads public filing data and keeps every figure stamped with its source and date. What any of it means for you is your call to make.
Frequently asked questions
What is the difference between SID, KIM, and SAI?
The SID is the full offer document for one scheme. The KIM is its abridged version, attached to the application form. The SAI is the fund-house-level document shared across all schemes of an AMC. Together they form the offer document set. Source: SEBI (Mutual Funds) Regulations, 2026.
Which document do I read before investing in a scheme?
Start with the KIM for the quick summary, then read the SID for full scheme detail such as asset allocation, riskometer, and costs. The SAI covers fund-house matters like trustees and tax, and is read when the question is about the AMC rather than the scheme. Source: SEBI.
Is the SAI scheme-specific?
No. There is one SAI per fund house, covering the sponsor, AMC, trustees, and service providers common to every scheme. Each scheme's SID incorporates the SAI by reference, so the two are read together rather than repeated. Source: SEBI.
Where are all three documents published?
Fund houses publish the SID, KIM, and SAI on their own websites, and the KIM is attached to the application form. Each carries a version date. Always check the date so you are reading the current terms. Source: SEBI, AMFI.
Flock tracks these filings, sourced, dated, and linked back to the original. See what smart-money entities disclosed, without the guesswork about what it means.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.