Understanding Scheme Documents — SID, SAI & KIM

A Complete Guide to Mutual Fund Offer Documents | Mandatory Reading Before Every Investment

AKC Capital Private Limited | ARN-215115 | akccapital.com | Last Updated: September 2026

Why Should You Read These Documents? SEBI regulations mandate that every Mutual Fund scheme must have three offer documents — SID, SAI, and KIM. These documents contain everything you need to know before investing — risks, costs, objectives, and terms. AKC Capital strongly encourages every investor to read these documents before investing in any Mutual Fund scheme. We will provide any of these documents on request within 24 hours — free of charge.

The Three Mandatory Mutual Fund Documents

📄 SID — Scheme Information Document The most detailed and important document for any specific Mutual Fund scheme. Contains everything about that scheme — objectives, risks, costs, and fund manager details. Most Important

📋 SAI — Statement of Additional Information General information about the AMC and the entire Mutual Fund. Applies to all schemes of that fund house — not scheme-specific. Contains legal, tax, and KYC information. AMC-Level Info

📝 KIM — Key Information Memorandum A concise 1–2 page summary of the most critical facts about a scheme. Attached to the application form. Quick reference before investing.

1. Scheme Information Document (SID) — In Detail

The SID is the primary legal document for a Mutual Fund scheme, filed with SEBI before launch and updated periodically. Every SID contains:

Investment Objective — what the scheme aims to achieve: capital growth, income, capital preservation, or a combination
Asset Allocation Pattern — how the fund's money is invested across equity, debt, derivatives, REITs, etc.
Risk Factors & SEBI Riskometer — all scheme-specific risks and the official 6-level SEBI Riskometer
Total Expense Ratio (TER) — annual expense ratio for Direct and Regular Plans
Exit Load Structure — charges for early redemption
Benchmark Index — the index the scheme's performance is measured against
Fund Manager Details — name, qualifications, experience, other schemes managed
Historical NAV Performance — past 1-, 3-, 5-year and since-inception returns vs benchmark (illustrative only; past performance is not indicative of future results)
Dividend History (IDCW) — record of Income Distribution cum Capital Withdrawal
Minimum Investment Amounts — lumpsum, SIP, additional purchase minimums
Redemption & Settlement — T+1/T+2 timelines, cut-off times for same-day NAV
Fundamental Attributes — core characteristics that cannot change without investor consent

2. Statement of Additional Information (SAI) — In Detail

Common to all schemes of a Mutual Fund. Key contents:

AMC & Trustee Company Details — name, CIN, registered address, board and key personnel
Sponsor Information — details of the company sponsoring the Mutual Fund
Rights of Unit Holders — voting rights, winding-up proceeds, right to information
Tax Treatment of MF Investments — STCG/LTCG for different fund categories and holding periods
KYC Requirements — documentation, FATCA/CRS declarations, NRI investment norms
Penalties & Pending Litigation — SEBI actions or proceedings against the AMC, if any
Investor Grievance Mechanism — complaint process, escalation matrix, SEBI SCORES
AML/KYC Policy — the AMC's Anti-Money Laundering and KYC policy
Associate Transactions — related-party transactions disclosed for transparency

3. Key Information Memorandum (KIM) — In Detail

Mandatory document attached to every Mutual Fund application form. Key contents:

Investment Objective (Summary)
Asset Allocation Table — min/max allocation per asset class
SEBI Riskometer — Low, Low to Moderate, Moderate, Moderately High, High, Very High
Current NAV — Direct and Regular Plans
Benchmark Index
Fund Manager Name(s)
Exit Load — clearly stated (e.g. Nil / 1% if redeemed within 365 days)
Minimum Investment Amounts
Plans Available — Direct and Regular
Dividend Option (IDCW) — frequency and history
Standard MF Disclaimer — "Mutual Fund investments are subject to market risks..."

Quick Comparison — SID vs SAI vs KIM

Understanding the SEBI Riskometer

Every Mutual Fund scheme must display the SEBI Riskometer — a standardised 6-level risk label:

Official Sources — Directly From Regulators

All Mutual Fund offer documents are publicly available on official SEBI and AMFI portals, free of charge, 24x7. Never rely on unofficial sources for scheme documents.

SEBI (Primary Regulator): https://www.sebi.gov.in/filings/mutual-funds.html → Mutual Funds → Offer Documents
AMFI (Industry Body): https://www.amfiindia.com/otherdata/scheme-details → Scheme Related Documents
AMFI — NAV & Scheme Info: https://www.amfiindia.com/net-asset-value → NAV History
SEBI Master Circular for Mutual Funds: sebi.gov.in
Mutual Funds Sahi Hai: mutualfundssahihai.com
MF Central: mfcentral.com — download CAS, access scheme documents, manage folios

Where to Get These Documents

AMC Official Website — Downloads / Investor Corner → Scheme Documents (most current)
SEBI Portal — sebi.gov.in — most authoritative source
AMFI Portal — amfiindia.com — also NAV, AUM, scheme classification
MF Central — mfcentral.com — single portal for all folios
From AKC Capital, on request — within 24 hours, free of charge. Please write to wealth.manager@akccapital.com to request the relevant scheme documents.
With Application Form — KIM is attached to every physical application by the AMC/RTA

Why Reading These Documents Matters

Know Your Risks — the Riskometer and risk factors section show exactly what risks you're taking
Know Your Costs — TER, exit load, and transaction charges are clearly disclosed
Check Suitability — the investment objective shows whether the scheme matches your financial goal
Understand Lock-in — e.g. ELSS has a 3-year lock-in; close-ended funds have fixed maturity
Verify Fund Manager — fund manager changes can significantly affect performance
Compare Options — reading KIMs of similar schemes helps compare TER, exit load, and performance

AKC Capital's Commitment

AKC Capital will always share the relevant SID, SAI, or KIM for any scheme we recommend — before you invest, not after. If you have not received these documents and have already invested, please contact us and we will provide them within 24 hours.

Risk Factors & Regulatory Disclosure: Mutual Fund investments are subject to market risks. Please read all scheme related documents (SID, SAI, KIM) carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performance of any Mutual Fund Scheme may or may not be sustained in the future. There is no guarantee that the investment objective of any scheme shall be achieved. All existing and prospective investors are advised to check and evaluate exit loads and other cost structures (TER) applicable at the time of making an investment decision. AKC Capital Private Limited is an AMFI-registered Mutual Fund & SIF Distributor (ARN-215115) and an APMI-registered PMS Distributor (APMI Reg. No. 02288), dealing in Regular Plans and earning Brokerage from Asset Management Companies on client investments. The option of a Direct Plan is available to investors, offering a lower expense ratio. AKC Capital is not entitled to earn any Brokerage on Direct Plans.

AKC Capital Private Limited | CIN: U65990KA2021PTC149542 | Mutual Fund & SIF Distributor — ARN-215115 | PMS Distributor — APMI Reg. No. 02288 | akccapital.com

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