Scheme Information Document (SID)

The Scheme Information Document (SID) is a comprehensive, SEBI-mandated disclosure document that contains all material information about a specific mutual fund scheme — providing investors with the complete details needed to make an informed investment decision. The SID covers: the scheme's investment objective and strategy, asset allocation pattern and permissible instruments, benchmark index, fund manager details and experience, risk factors specific to the scheme, loads (entry and exit), minimum investment amounts, how to apply and redeem, tax implications, and the scheme's history since inception. SEBI requires every mutual fund AMC to prepare and file a SID for each scheme before launch, update it within prescribed timelines when material changes occur, and make it freely available on the AMC's website and at investor service centres. The SID is a legally binding document — any material misrepresentation or omission constitutes a regulatory violation. However, given its length and technical complexity (SIDs often run to 50 to 80 pages), SEBI introduced the shorter Key Information Memorandum (KIM) as a more accessible summary for retail investors. For serious investors conducting due diligence before committing capital to a new mutual fund scheme, reading the relevant sections of the SID — particularly the investment strategy, risk factors, and load structure — is strongly recommended.