Key Information Memorandum (KIM)

The Key Information Memorandum (KIM) is a concise, standardised summary document published by mutual fund Asset Management Companies (AMCs) that contains the most essential information about a specific mutual fund scheme — enabling investors to make an informed investment decision without reading the full Scheme Information Document (SID). SEBI mandates that the KIM be provided to investors at the point of investment and be available at all mutual fund offices and distributor locations. The KIM includes key details such as the scheme's investment objective, asset allocation pattern, benchmark index, risk-o-meter rating, fund manager details, NAV information, expense ratio, exit load structure, minimum investment amount, SIP details, and tax implications. It also contains the AMFI-mandated risk disclosure statement and the riskometer — a colour-coded risk gauge from Low to Very High. Investors should review the KIM before investing in any new mutual fund scheme to ensure the fund's investment objective, risk level, and cost structure align with their personal financial goals and risk tolerance.