Key Information Memorandum (KIM) is a short, standardised summary of a mutual fund scheme's essential information — a quick-reference version of the full SID.
KIM is a compact one-to-two page document mandated by SEBI that summarises the most critical facts about a mutual fund scheme: scheme type, investment objective, benchmark, risk level (Riskometer), fund manager, minimum investment, exit load, expense ratio, and fund house contact. AMCs must attach KIM with every new SIP/lumpsum application form. While the SID is exhaustive, the KIM is designed for quick investor reference before any investment decision.
KIM is the 'product data sheet' — the one-page summary you get with a product. It tells you: what this fund does, what it costs, how risky it is, who manages it, and how to invest or redeem. It's not the full story (the SID has that) but it's enough for a quick informed decision. Always read the KIM before submitting any mutual fund application.
One standardised SEBI-mandated format for all AMCs.
Must be attached to all mutual fund application forms.
Contains: scheme objective, Riskometer, benchmark, fund manager, TER, exit load, NAV disclosure website, investor contact.
Updated when scheme details change.