{
  "schema_version": "0.2.0",
  "seed_version": "0.1.0",
  "mode": "seed",
  "market": "mf",
  "title": "India mutual fund research seed",
  "scope": "Indian mutual fund scheme and plan identity, expenses, debt risks and passive benchmarks. A conceptual research map; no named fund selection, NAV feed or personal allocation.",
  "reviewed_at": "2026-09-12",
  "license": "MIT \u2014 original topology and summaries only; linked sources retain their own terms",
  "limitations": [
    "Structural research starting point; no current prices, financial statements or live alerts.",
    "Source review date is not an observation date or proof of current relationship validity.",
    "Documented means supported by the cited source in its stated context, not independently audited or predictive.",
    "Hypotheses require additional evidence; they must not be promoted automatically.",
    "No private MF-Tracker reports, holdings, account data, tax lots or allocations are included. Scheme, plan and option must be identified before adding observations."
  ],
  "nodes": [
    {
      "id": "mf:scheme",
      "label": "Mutual fund scheme",
      "type": "fund",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare mutual fund scheme consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:direct",
      "label": "Direct plan",
      "type": "plan",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare direct plan consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:regular",
      "label": "Regular plan",
      "type": "plan",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare regular plan consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:portfolio",
      "label": "Underlying portfolio",
      "type": "portfolio",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare underlying portfolio consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:expenses",
      "label": "Plan expenses",
      "type": "metric",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare plan expenses consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:returns",
      "label": "Plan returns",
      "type": "metric",
      "source_ids": [
        "plans"
      ],
      "research_question": "What evidence is needed to compare plan returns consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:debt",
      "label": "Debt securities",
      "type": "asset_class",
      "source_ids": [
        "risk"
      ],
      "research_question": "What evidence is needed to compare debt securities consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:rates",
      "label": "Market interest rates",
      "type": "driver",
      "source_ids": [
        "risk"
      ],
      "research_question": "What evidence is needed to compare market interest rates consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:nav",
      "label": "Scheme NAV",
      "type": "metric",
      "source_ids": [
        "risk"
      ],
      "research_question": "What evidence is needed to compare scheme nav consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:credit",
      "label": "Issuer credit risk",
      "type": "risk",
      "source_ids": [
        "risk"
      ],
      "research_question": "What evidence is needed to compare issuer credit risk consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:index-fund",
      "label": "Index fund",
      "type": "fund_category",
      "source_ids": [
        "tracking"
      ],
      "research_question": "What evidence is needed to compare index fund consistently across dates and plans?",
      "observations": []
    },
    {
      "id": "mf:benchmark",
      "label": "Benchmark index",
      "type": "index",
      "source_ids": [
        "tracking"
      ],
      "research_question": "What evidence is needed to compare benchmark index consistently across dates and plans?",
      "observations": []
    }
  ],
  "edges": [
    {
      "id": "mf:edge-01",
      "from": "mf:scheme",
      "to": "mf:direct",
      "relation": "offers_plan",
      "mechanism": "A scheme can offer a direct plan.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-02",
      "from": "mf:scheme",
      "to": "mf:regular",
      "relation": "offers_plan",
      "mechanism": "A scheme can offer a regular plan.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-03",
      "from": "mf:direct",
      "to": "mf:portfolio",
      "relation": "shares_portfolio",
      "mechanism": "Direct and regular plans of a scheme share its underlying portfolio.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-04",
      "from": "mf:regular",
      "to": "mf:portfolio",
      "relation": "shares_portfolio",
      "mechanism": "The regular plan has the same underlying portfolio as the direct plan of that scheme.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-05",
      "from": "mf:direct",
      "to": "mf:expenses",
      "relation": "has_cost_structure",
      "mechanism": "Direct plans exclude distributor commissions.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-06",
      "from": "mf:regular",
      "to": "mf:expenses",
      "relation": "has_cost_structure",
      "mechanism": "Regular-plan expenses include distributor commissions.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-07",
      "from": "mf:expenses",
      "to": "mf:returns",
      "relation": "affects_net_return",
      "mechanism": "Different expenses can produce different plan returns on the same underlying portfolio.",
      "status": "documented",
      "source_ids": [
        "plans"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-08",
      "from": "mf:rates",
      "to": "mf:debt",
      "relation": "affects_valuation",
      "mechanism": "Debt security prices generally move inversely to market interest rates; sensitivity varies.",
      "status": "documented",
      "source_ids": [
        "risk"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-09",
      "from": "mf:credit",
      "to": "mf:debt",
      "relation": "affects_valuation",
      "mechanism": "Issuer default or changing creditworthiness can affect debt security values.",
      "status": "documented",
      "source_ids": [
        "risk"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-10",
      "from": "mf:debt",
      "to": "mf:nav",
      "relation": "contributes_to_value",
      "mechanism": "Debt holdings transmit changes in security values into a scheme NAV.",
      "status": "documented",
      "source_ids": [
        "risk"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-11",
      "from": "mf:index-fund",
      "to": "mf:benchmark",
      "relation": "tracks",
      "mechanism": "An index fund seeks to follow its benchmark; tracking variability needs a defined measurement period.",
      "status": "documented",
      "source_ids": [
        "tracking"
      ],
      "research_question": "Does the selected scheme document support this relationship for the relevant plan and period?",
      "reviewed_at": "2026-09-12"
    },
    {
      "id": "mf:edge-12",
      "from": "mf:rates",
      "to": "mf:returns",
      "relation": "may_affect",
      "mechanism": "A change in market rates may affect fund returns through its actual debt exposure. Fund-level evidence is needed.",
      "status": "hypothesis",
      "source_ids": [
        "risk"
      ],
      "research_question": "What are the dated scheme documents and holdings that establish this exposure?",
      "reviewed_at": "2026-09-12"
    }
  ],
  "sources": [
    {
      "id": "plans",
      "title": "SEBI Investor \u2014 Regular and direct mutual funds",
      "url": "https://investor.sebi.gov.in/regular_and_direct_mutual_funds.html",
      "publisher": "SEBI",
      "locator": "Understanding regular and direct plans; plan cost structures",
      "basis": "General plan identity and expense differences; not a fund recommendation.",
      "reviewed_at": "2026-09-12",
      "review_after_days": 90
    },
    {
      "id": "risk",
      "title": "AMFI \u2014 Risks in mutual funds",
      "url": "https://www.amfiindia.com/investor/knowledge-center-info?zoneName=riskInMutualFunds",
      "publisher": "Association of Mutual Funds in India",
      "locator": "Standard risk factors; interest-rate and credit risk sections",
      "basis": "General risks and transmission mechanisms; not current rates or scheme holdings.",
      "reviewed_at": "2026-09-12",
      "review_after_days": 90
    },
    {
      "id": "tracking",
      "title": "SEBI Investor \u2014 Understanding tracking error",
      "url": "https://investor.sebi.gov.in/understanding_Tracking_error.html",
      "publisher": "SEBI",
      "locator": "Meaning of tracking error; benchmark tracking",
      "basis": "Benchmark relationship only. Distinguish return gap from variability; the page uses inconsistent terminology in its numerical examples.",
      "reviewed_at": "2026-09-12",
      "review_after_days": 90
    }
  ],
  "update_plan": {
    "cadence": "user_selected",
    "network_access": "not_implemented",
    "instructions": [
      "Re-open the linked primary sources and look for newer disclosures.",
      "Preserve old evidence and its reporting period; do not overwrite history.",
      "Record publication, observation and retrieval times separately for new observations.",
      "Review hypotheses independently; do not treat a source's general context as proof.",
      "Validate references and review proposed changes before merging into your repository."
    ]
  }
}