SID, KIM and SAI
The three documents
Three documents, three jobs. The exam loves to swap their names, so pin them down once: the SID explains the scheme, the KIM summarises it, the SAI covers the fund-wide legal detail.
This lesson teaches a concept for the NISM Series V-A exam. It is education, not financial advice.
- 1
Three documents describe a fund, and the exam tests which is which.
- 2
The SID (Scheme Information Document) is the detailed guide to one scheme.
- 3
The KIM (Key Information Memorandum) is the short summary that comes with the application form.
- 4
The SAI (Statement of Additional Information) holds the legal and statutory detail, common to all the fund's schemes.
In a hurry? The KIM is the two-minute version. Deciding seriously? Read the SID.
Practice
🔥 0 streakReal exam format. Answer by voice, tap, or press 1 to 4. No negative marking, so always attempt.
The detailed document about a single scheme is the:
The short summary that comes with the application form is the:
Statutory information common to all of a fund's schemes sits in the:
Before investing seriously, an investor should read the:
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Education for the exam, not financial advice. Answers can be wrong, so confirm figures against the workbook.