Mutual Fund SIP Disclaimer


Terms and Conditions for Online Investment in Mutual Funds

These terms and conditions for online investing in Mutual Funds are

in addition to and binding on the existing Power of Attorney and the

terms and conditions that has been signed/accepted by me/us with By clicking on the “I/We agree” button, I/We agree to be

legally bound by these terms and conditions. I/We further agree that may at its sole discretion vary the terms and conditions

from time to time and I/We agree to abide by the same.

1. Definitions:

Words which are used but in case not defined in these Terms and

Conditions shall have the same explanation as set out in the terms

and conditions that has been signed/accepted by me/us with

“Unit” shall mean the interest or the ectent of ownership of an

investor in a mutual fund, which consists of one undivided share in

the Net Assets of the Mutual Fund Scheme.

“NAV or Net Asset Value” of the Units of the Mutual Fund Scheme

will be evaluated by dividing the Scheme’s net assets by the

number of Units outstanding on the date of valuation.

“Business Day” means a day on which the banks are usually open

for business excluding: i) Saturday and Sunday; ii) Bank Holiday.

Given that, with respect to a particular Scheme this definition shall

at all times be subjective to the definition of Business Day in the

Offer Document of the corresponding schemes of different AMCs.

“Systematic Investment Plan (SIP)” shall mean an option that is

available to the investor for investing in a specified scheme of t

Mutual Fund for a particular investment amount at a specified

frequency of months

“Load” shall mean an expense, which the Asset Management

Company (AMC) may charge on entry and/or exit from a mutual

fund scheme.

“Purchase” shall mean subscription to the units of the different

schemes of the Mutual Fund.

“Switch” shall mean an option to the investor to swap his existing

investment from any of the Mutual fund schemes to other Mutual

Fund schemes.

“Redemption” shall mean sale of the units of the different schemes

of the Mutual Fund

NSE Mutual Fund Service System (MFSS): The MF platform

provided by NSE for order placement

BSE Star :The MF platform provided by BSE for order placement

2. Authorisation:

I / We hereby appoint and completely authorize, its

authorized employees/agents as my/our agent/distributor to work on

my/our instructions that is provided electronically through the

Internet using internet trading portal of to purchase

and/or switch units and/or redeem units of mutual funds

(“Transaction Instructions”) on the terms and conditions mentioned

herein. I/We hereby state that all the deeds, acts and things done

by me/us shall be binding on me/us.

3. I / We agree and acknowledge to submit a completed Application

Form and/or electronic consent in the prescribed format to with the intent of registration and after that placing any

order on MF platform with

4. In addition, I / We acknowledge, understand and confirm that this

offer for redemption / subscription of transactions on the Mutual

Fund platform is applicable only for Resident Individuals and other

Non individuals and the same is currently not applicable and/or

being offered for NRI set of entities. In case there is any change in

my/our residential status I/we hereby represent, undertake and

warrant to intimate on the same and shall be abide by

any instructions or directions in this respect to be provided by

5. For the objective of availing the MFSS / BSE StAR MF facility,

I/we hereby authorize to check on the record the KYC or

Know Your Client details as is submitted by me/us at the trading

account opening time to and I/we further undertake,

confirm and warrant that the details that are contained in same are

correct, true, complete and updated in all respects. I/We further

agree that any suppression of any material fact and any

misleading/false information provided by me/us will render my/our

accounts or and/or the services being provided to me/us liable for

termination. I/We hereby indemnify and keep indemnified

against all liabilities, losses, claims (including third party claims),

suits, actions, proceedings, damages that may incur as a

result of my/our providing of any incomplete/incorrect KYC details

6. I / We represent and warrant that I/We are content of the capacity

of and/or the Participant/MFI to deal in Mutual Fund units

and execute my/our instruction through the Participant/MFI from

time to time.

7. I / We shall notify the Participant/MFI and/or in writing

in case there is any change in the information in the client

registration form provided to the Participant/MFI and/or at

the time registering as a client for participating in the BSE STAR MF

platform / NSE MFSS or at any point of time thereafter.

8. I / We are willing to abide by the terms and conditions which is

mentioned in the Circular dated November 24, 2009 (NSE) /

December 02, 2009 (BSE) and as may be stated by the Exchange

from time to time in this respect. I/We shall make sure also

compliance with the requirements as may be stated from time to

time by SEBI or Securities and Exchange Board of India, Stock

Exchange BSE NSE & Association of Mutual Funds of India (AMFI)


9. I / We shall read and understand the contents of the Offer

document/ Key Information Memorandum/ Scheme Information

Document, addenda issued with regard to each Mutual Fund

Schemes with respect to which I/we choose to redeem / subscribe.

I/We further agree to abide by the rules and regulations, terms and

conditions of the Mutual Fund Schemes.

10. I / We will furnish information to in writing, if any

insolvency petition or winding up petition has been filed or decree or

award is passed against or any insolvency order or winding up or if

any litigation which might have material bearing on our existing

Member client relationship

11. I / We shall pay to fees and statutory levies as are

prevailing from time to time and as they apply to the Client's

account, to the services and transactions that renders to

the Client.

12. I / We agree and acknowledge that

(i) I / We are responsible to ensure that the details like my/our

personal and bank related details which are provided for giving

Transactions Instructions are correct. This Service shall be linked to

the Account.

(ii) Redemption requests for all the Open Ended Schemes can be

made at any point of time. But, Redemption requests for Closed

Ended Scheme will be made only on certain dates that are specified

by the AMC’s

(iii) I / We understand and agree that once the Transaction

instruction placed through this mode cannot be cancelled.

(iv) The Transaction Instructions shall be processed according to

the availability of adequate and clear funds in my/our Account.

(v) Any Transaction Instruction that is placed after the cut off time or

on a non-Business Day will be processed on the next Business Day

and the NAV would be applicable on the day on which it is


(vi) I / We understand that, may not carry out my/our

Transaction Instructions in case has reasons to believe

that the Transaction Instructions are otherwise improper and/or not

genuine and/or raise a doubt and/or unclear and/or for any reason

is beyond the control of I/We further understand that the

decision taken by in this aspect will be final and binding.

13. I / We am/are aware that the Mutual Fund investments are

subject to market risk, which includes possible loss of principal

amount invested. I/We hereby confirm and accept that I/We will go

for the investments only after understanding the related risks. I/We

further confirm that I/We shall advised by my/our independent tax

advisor and is not providing any kind of Tax Advisory and

shall not hold accountable for any kind of losses which

occurs to me/us on account of the same.

14. I / We have read and understood the cut-off timings for placing a

normal order / L0 / L1 orders, and agree to the same.

15. I / We hereby understand that the Mutual Fund schemes that

are offered online by have not been recommended by nor

sponsored by or its sponsors or its affiliates

16. I / We hereby agree and acknowledge that shall

provide this service based on best effort. Neither nor any

of its affiliates shall be hold responsible for any other costs or

damage or any failure to perform its obligations, that is arising in

any way out of:

a) System failure which includes failure of ancillary or associated

systems, or other environmental conditions, or power fluctuation, or

for any situations of acts of God, epidemics quarantine, riot, floods

or civil commotion and war or any reasons that are beyond the

reasonable control of; or

b) Any mistake in any attachments or related equipment of the

clients; or

c) Transportation, Accident, misuse, errors, neglect, frauds, of the

agents or clients or any third party;

d) Any incidental specific or consequential damages which includes

without any limitation of loss of profit. The role of is only

to facilitate the Transactions Instructions. However, shall

not be liable /responsible for any kind of damages/losses/costs

incurred by us for reasons not falling within the aforesaid role of

17. Neither nor any of the Mutual Funds shall be hold

responsible for any kind of failure to perform its obligations, to the

extent that such performance has been hindered, delayed, network

errors, or prevented by systems failures, delay or loss of data due

to the above and in situations of acts of God, quarantine, floods,

riot, epidemics, or civil commotion and war.

18. I/We hereby confirm, represent and warrant that has

disclosed to me/us all the commissions (in the form of trail

commission or any other mode), payable to for the

various competing Schemes of different Mutual Funds out of which

the Scheme which is subscribed by me and the same has been

presented by on its website. According to SEBI circular:

SEBI/IMD/CIR No. 4/ 168230/09, dated June 30, 2009, the

indicative rate of commission that is earned by from

different fund-houses, whose products are being distributed as

displayed on website-

Fund Schemes Trail year 1 Trail year 2


ELSS 0% to 0.75% 0% to 0.75%

Index 0% to 0.75% 0% – 0.75%

Equity and Balanced 0% to 1% 0% to 1%

Asset Allocation 0% – 1% 0% – 1%

Income 0% – 1% 0% – 1%

Arbitrage Funds 0% – 1% 0% – 0.5%

Short Term 0%-0.50% 0% – 0.50%

Monthly Income Plans 0% to 1% 0% – 0.5%

Gilt 0% to 1% 0% – 0.5%

Liquid & Floating Rate 0%-0.50% 0% – 0.50%

I / We understand that could also receive

reimbursements towards marketing and promotion related activities

that are conducted by on behalf of AMCs. These

reimbursements are particularly event based and the same might or

might not be received from AMCs in a particular period of time.

However such activities may be carried out at the AMC level, the

amount of reimbursement received cannot be attributed to any

particular Scheme being offered by such AMC.

I / We understand that the above mentioned Schedule of

Commissions is subject to change, without any kind of prior consent

and at a sole discretion and agreement between and the

respective Mutual Fund Houses.

This has reference to SEBI circular CIR/IMD/DF/13/2011 dated

August 22, 2011 and CIR/IMD/DF/21/2012 dated September 13,

2012. As per this circular, adding to the existing up-front

commission payable to the distributor, the distributor would be

permitted to charge the Investor a Transaction Charge (@ Rs150

for New Investor and @Rs100 for an existing Investor) where the

investment amount is Rs. 10,000 and above on a per subscription


The Transaction Charges will be subtratcted by the AMC from the

amount remitted and paid to the Distributor. The amount remaining

as balance will be invested in the scheme. Accordingly, the

transaction charges would be subtracted from the subscription

amounts, as applicable. holding ARN 141396 have expressed to Association of

Mutual Funds in India vide letter dated March 05, 2018 that we wish

to be paid transaction charge for investment routed under our ARN

141396 for the following product type where we have selected to

"Opt in"

Products where "Opt-In" selected are- Debt Schemes, ELSS, Gilt

Schemes, Balanced schemes, Infrastructure Debt Schemes, Other

Equity schemes, Other ETF, Gold ETF, Fund of Funds- domestic,

Fund of Funds investing overseas.

Products where "Opt-out" selected are- Liquid money market


19. I / We understand that the Terms and Conditions that is set

hereinabove may be modified or changed by without any

kind of prior notice to the client and if the client continue the usage

of the services then it shall be deemed as an acceptance of the

modified terms.

20. I / We have thoroughly gone through the key information

memorandum / offer document before taking the decision to make

this investment in the mutual fund scheme

21. The client and the stock broker shall refer any kind of claims

and/or disputes with respect to settlement, order execution, etc., to

arbitration as per the Byelaws, Rules and Regulations of the

Exchanges where the trade is executed and circulars/notices issued

thereunder as may be in force from time to time.

22. I / We understand and acknowledge that may, at its

absolute discretion, suspend, alter or terminate any of the services

partially or completely without any notice to me/us and without

assigning any kind of reasons thereof and the same shall be

unconditionally and irrevocably final and binding on me/us

23. I / We are aware that never asks for any kind of

sensitive information like passwords, ID etc. I/We agree that will not be made liable or responsible for any such cyber

frauds or any phishing attack.

24. Further these terms and conditions are subject to and shall be

conducted accordingly with the laws that are prevalent in India.

25. Mutual Fund investments are subject to market risk. Please

read the offer document carefully before investing.

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