What is a Statement of Additional Information (SAI)?
To answer what is a Statement of Additional Information: it is the fund-house-level mutual fund document, one per Asset Management Company rather than one per scheme. Where the Scheme Information Document describes a single scheme, the Statement of Additional Information covers the machinery behind all of them: the sponsor, the AMC, the trustees, the service providers, and the legal and tax detail that applies fund-house-wide.
Definition
A Statement of Additional Information (SAI)
is the fund-house-level mutual fund document covering the sponsor, Asset Management Company, trustees, key personnel, custodian, registrar, auditors, and tax, legal, and investor-rights detail. One SAI serves all of a fund house's schemes and is incorporated into each Scheme Information Document by reference. Source: SEBI (Mutual Funds) Regulations, 2026.
What does a Statement of Additional Information cover?
SEBI split the old single offer document into two parts so scheme detail and fund-house detail would not repeat in every document. The SAI is the fund-house half. Its standard contents include:
- Constitution: the sponsor, the trustee company, and the AMC, plus their shareholding and track record.
- Key personnel: the people running the fund house and their backgrounds.
- Service providers: the custodian, registrar and transfer agent, and auditors.
- Legal and tax: the tax treatment of investments and the applicable legal framework.
- Investor rights and services: how unit holders exercise rights and raise grievances.
Because one SAI serves every scheme, each Scheme Information Document incorporates it by reference instead of reprinting it. The SAI, the SID, and the Key Information Memorandum are the three documents that make up the offer document set.
How the SAI fits the offer document set
For a specific scheme decision, most readers stay in the SID and KIM. The SAI matters when the question is about the fund house rather than the scheme: who the trustees are, how the AMC is owned, what the tax position is, and what recourse an investor has. It sits alongside the ongoing disclosures a fund makes, such as the monthly factsheet and the portfolio data behind tracking a fund's holdings.
So, what is a Statement of Additional Information in one line: the fund-house-level half of the offer document, read together with the scheme's SID. Flock reads public filing data and keeps every figure stamped with its source and date. What any of it means for you is your call to make.
Frequently asked questions
What does the Statement of Additional Information cover?
The SAI holds fund-house-level detail common to all schemes: the sponsor, Asset Management Company, trustees, key personnel, custodian, registrar, auditors, tax and legal information, and investor rights. It is filed once per fund house rather than per scheme. Source: SEBI (Mutual Funds) Regulations, 2026.
How is the SAI different from the SID?
The Scheme Information Document is scheme-specific. The Statement of Additional Information is fund-house-wide and shared across every scheme of that AMC. The SID incorporates the SAI by reference, so the two are read together. Source: SEBI.
Do I need to read the SAI before investing?
The SAI is legally part of the offer document set and worth knowing exists. Most scheme-specific decisions rest on the SID and KIM, but the SAI is where governance, tax, and investor-rights detail lives for the whole fund house. Source: SEBI.
Where can I find the Statement of Additional Information?
Each fund house publishes one SAI on its website, updated as details change, alongside every scheme's Scheme Information Document and Key Information Memorandum. Check the version date before relying on it. Source: SEBI, AMFI.
Flock tracks these filings, sourced, dated, and linked back to the original. See what smart-money entities disclosed, without the guesswork about what it means.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.