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In the context of the recent SEBI circular in March 2024 regarding the simplification and streamlining of offer documents for mutual fund schemes, what does the 'S' stand for in SID?

1. Security
2. Savings
3. Scheme
4. Systematic

Correct answer: Scheme

Solution

In mutual fund terminology, SID stands for Scheme Information Document. Hence, the 'S' refers to 'Scheme'. This aligns with SEBI's documentation framework for mutual fund schemes.

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