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Summary risk indicator (SRI)

The summary risk indicator (SRI) is a number on a scale from 1 to 7 shown in the KID under the PRIIPs Regulation, giving a simplified view of a product's risk.

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Short answerThe summary risk indicator (SRI) is a number on a scale from 1 to 7 shown in the KID under the PRIIPs Regulation, giving a simplified view of a product's risk.

The summary risk indicator (SRI) is a number on a scale from 1 to 7 shown in the key information document under the PRIIPs Regulation (EU) No 1286/2014, giving a simplified view of a product's risk.

Why it matters

The SRI lets you compare products side by side in a standard format, and a higher number indicates a higher level of risk. It is presented together with the recommended holding period, which is especially relevant for long-term funds such as ELTIFs.

What to watch for

The SRI is a simplification. It may not fully reflect liquidity risk, the risk of not being able to exit when you want, which is central to ELTIFs and real estate funds. A lower number does not mean the product is free of risk. Read the narrative risk section as well. See how to read a KID and KID.

Primary sources

General information. Not investment advice or a suitability assessment.

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