1. SEBI vide circular SEBl/HO/IMD/IMD-RAC-2/P/CIR/2023/00175 dated November 01, 2023 prescribed simplified format of Scheme Information Document (SID).
2. It has been decided to revise the date of applicability of provisions at para 4 of aforesaid circular pursuant to request submitted by Association of Mutual Fund of India (AMFI) and discussions as under:
a.Updated format for SID/KIM/SAi to be implemented w.e.f. June 01,2024.
b.Draft SIDs to be filed with SEBI on or before May 31, 2024 or SIDs already filed with SEBI (final observations yet to be issued) or SIDs for which the final observations have already been received from SEBI(if launched on or before May 31,2024), can use the old format of SID, provided that the SIDs are updated as per timeline mentioned at (c) below.
c.For Existing SIDs – by June 30, 2024 with data as on May 31, 2024.
d.Reference is drawn to para 1.2.1 and 1.2.4 of Master circular dated May 19, 2023 w.r.t updation of SID and KIM within 1 month from the end of half year i.e. April 30, 2024 for half year ended March 31, 2024. In order to avoid duplication of efforts of AMCs as well as to ensure uniform implementation of revised formats, the scheduled updation of SID and KIM for half year ended March 31, 2024, may be carried out by AMCs by June 30, 2024. This extension shall be applicable specifically for half year ended March 31,2024 only.
All updated/revised SIDs shall be made available on the website of SEBl/AMFl/AMCs within the timelines specified above.
Link of the Circular:
