Regular Mutual Fund Execution & Distribution Terms and Conditions

1. Introduction; Scope; Acceptance
These Regular Mutual Fund Execution & Distribution Terms and Conditions (“Regular MF T&Cs”) govern your access to and use of the regular-plan mutual fund execution and distribution services (the “Services”) provided on the INDmoney mobile application/website (the “Platform”) by INDstocks Private Limited (formerly known as INDmoney Private Limited), a company incorporated under the Companies Act, 2013, having its registered office at 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector-65, Gurugram, Haryana – 122005, India (“Company”, “we”, “us”, or “our”). By accessing or using the Services, you (“User”/“Client”/“you”) agree to be bound by these Regular MF T&Cs, which are in addition to (and should be read harmoniously with) the Platform’s general terms and privacy policy.
2. Regulatory capacity; partner rails; distribution economics
The Company is registered with SEBI as a stock broker (SEBI Registration No. INZ000305337) and is an AMFI-registered mutual fund distributor bearing ARN-254564. The Services are facilitated via the BSE StAR MF infrastructure for order collection, transmission, payment routing and settlement with Asset Management Companies (“AMCs”) and their Registrars & Transfer Agents (“RTAs”). Transactions placed under these Regular MF T&Cs are tagged with our ARN-254564, and, as a distributor, we may receive trail commissions/reimbursements from AMCs as permitted by SEBI/AMFI norms and the respective Scheme Information Documents (“SIDs”). You acknowledge that expense ratios of regular plans include distribution expenses (which makes them higher than direct plans) and that distributor-level compensation may vary by AMC/scheme/investor category; no upfront commission is charged to you. Commission disclosures will be made available in accordance with applicable circulars/codes.
3. Lifetime investor-type segregation (Direct vs Regular) and one-way choice
To ensure transparency and avoid client-level conflicts, the Platform follows a lifetime investor categorization at: each Client must elect either (a) Regular Mutual Funds (distribution via ARN-254564) or (b) Direct Mutual Funds (via INZ000305337 execution-only). Once you opt for Regular Mutual Funds, you will not be shown, offered, or permitted to transact in Direct Plans on the Platform at any time in the future.
The Company makes no representation or warranty that all of the above benefits will be available at any given time. The Company reserves the right to modify, restrict, or withdraw any benefit at its sole discretion, subject to applicable law.
4. Client onboarding, KYC, banking & authorization
You must complete KYC in accordance with SEBI regulations through a SEBI-registered KRA prior to placing any order under these Regular MF T&Cs. You agree to provide true, accurate, current, and complete information and documents, including PAN, Aadhaar, bank account details, address proof, signatures and any other information that may be required under applicable law, and to promptly update the same on any change. The Company may refuse, block, or reverse any transaction where your KYC is incomplete/deficient or where any regulatory, operational, or risk-flag requires additional verification. You authorize the Company to share your onboarding/KYC data with BSE StAR MF, AMCs, RTAs, CKYC/KRAs and other authorities solely for transaction processing and compliance purposes. You further authorize debit mandates, e-mandates, UPI/e-NACH instructions and similar payment arrangements for purchase/SIP transactions executed via the Platform.
Accounts with prolonged inactivity, KYC expiry, or unresolved risk flags may be marked dormant. Transactions may be restricted until reactivation, which may require KYC revalidation, fresh declarations and/or updated bank/mandate details as per prevailing policy.
4A. FATCA/CRS, tax residency & NRI declarations
You agree to provide and keep current your FATCA/CRS self-certification and tax residency information, including US indicia (if any). You understand certain AMCs/schemes may restrict investments by residents of particular jurisdictions (e.g., US/Canada). You shall promptly notify us and update your details upon any change in circumstances impacting your tax residency or declarations. We and/or the AMCs/RTAs may reject, freeze, or reverse transactions to comply with FATCA/CRS, sanctions, or other legal requirements.
4B. AML/PMLA, sanctions screening & source of funds
We, the exchange, AMCs and RTAs may conduct AML/CFT and sanctions screening, request additional documents on source of funds, and, where required, block, freeze, reject or report transactions to authorities. Third-party funding is prohibited; all payments must originate from your registered bank account.
5. Order placement, cut-off timings, NAV applicability & execution rails
All purchase, redemption, SIP, STP and switch instructions are collected on the Platform and transmitted to AMCs/RTAs via BSE StAR MF. For regular-plan transactions, orders are tagged with the Company’s AMFI distributor code ARN-254564. Processing of orders is subject to SEBI/AMC cut-off timings and fund-realization norms; orders submitted before the applicable cut-off are ordinarily processed at the same-day NAV (subject to AMC’s receipt of clear funds), while orders submitted after the cut-off or on non-business days are processed at the next business day’s NAV. For operational reasons, the Company may prescribe internal cut-offs earlier than statutory cut-offs and you agree that such internal deadlines will be binding. The applicable NAV is finally determined by the AMC as per the scheme documents and receipt of funds; the Company does not assure any particular NAV or allotment.
5A. UCC & folio mapping consent
You authorize creation/use of a BSE StAR MF UCC for your transactions and consent to mapping your PAN/KYC to opening new folios where needed. New folios will be opened following the name/PAN order recorded at onboarding; discrepancies may lead to rejection/repair as per AMC/RTA rules.
5B. SIP/mandate lifecycle
You may modify/pause/stop SIPs through the Platform subject to scheme and exchange timelines. Requests received before T-3 business day(s) prior to the next SIP date will ordinarily apply to that instalment; later requests may take effect from the subsequent cycle. We may re-present failed instalments within the mandate limits. You are responsible for maintaining adequate funds/limits in your bank account and for updating/renewing mandates before expiry.
5C. STP/SWP features & IDCW options
If enabled, STP/SWP instructions are executed subject to applicable minimums, frequency/day options and holiday handling (next business day where applicable). IDCW (dividend) choices: Payout or Reinvestment, will be processed as per your selection and AMC rules; where the option is invalid/unclear or not supported by the scheme, the AMC’s default will apply.
6. Holding mode, payouts, statements & official communications
Units may be held either in Statement of Account (SoA) mode or, at your option, in demat form subject to valid, active and correctly-linked depository details. By default, units are credited and serviced in Demat mode and consolidated statements are issued by the AMC/its RTA. The Company is not responsible for delays/rejections arising from discrepancies at the AMC/RTA. Redemption proceeds, IDCW (dividend) payouts and other distributions are credited directly by the AMC to your registered bank account as per KYC/AMC records; the Company does not control AMC timelines and is not liable for delays or credit mismatches. If redemption/IDCW credits are rejected due to name mismatch, account status, or other bank-side reasons, you agree to furnish refreshed bank proof (e.g., personalised cancelled cheque/banker’s letter) and updated KYC/bank details. Reprocessing timelines are as per AMC/RTA and banking processes.
You understand there can be a time-lag between debit from your bank and credit to AMC accounts; the applicable NAV will be determined by the AMC based on cut-offs and actual fund realization, and no particular NAV is assured. We may support electronic mandates and other banking arrangements for recurring debits; however, orders may be declined or re-presented where mandates fail, details mismatch, or risk flags arise. All statutory transaction confirmations/allotment confirmations, account statements and scheme communications are sent by AMCs/RTAs to your registered email/mobile; any display on the Platform is purely for convenience and the AMC/RTA record shall prevail.
6A. Nomination, transmission, minors & joint holdings
(a) Where permitted, you may add/modify nominee(s); in the absence of a valid nomination, transmission will be effected as per law and AMC processes. (b) Transmission on death of a holder having holding in demat mode shall be as per the nominee details entered by them on the Platform, and for a holder having their holding in SoA mode the transmission shall be processed upon submission of requisite documents (e.g., death certificate, KYC, indemnities), and the AMC/RTA determination shall prevail. (c) For minor folios, the guardian represents the minor until majority; on the minor attaining majority, fresh KYC/bank/mandate and explicit consent are required before permitting further transactions. (d) In joint holdings, the order and mode of holding (e.g., Anyone or Survivor) govern operation of the folio.
6B. Demat holdings & DP charges
Where you opt for demat holdings, you agree that applicable depository participant (DP) charges and depository levies (if any) are to your account. Corporate-action servicing and timelines in demat mode may differ from SoA mode; AMC/RTA/DP records will prevail in case of any discrepancy.
7. Fees, loads & distributor commissions
All investments routed under these Regular MF T&Cs are subject to scheme-level charges as disclosed in the respective Scheme Information Document (“SID”) / Key Information Memorandum (“KIM”), including expense ratio, exit loads, stamp duty, STT, GST and other statutory levies. Regular plans generally carry a higher expense ratio than direct plans on account of distribution costs. Transactions executed hereunder are tagged to our AMFI distributor code ARN-254564; we may receive trail commissions/reimbursements from AMCs, which can vary by AMC, scheme, investor type and geography. No upfront commission is charged to you. The Platform is an order collection, execution and distribution facility and does not provide investment/tax advice or suitability assessment; investment decisions are solely yours after reading scheme documents (SID/KIM/SAI). We will disclose distributor commissions in line with SEBI/AMFI requirements; you acknowledge the potential distributor-level conflict of interest and agree that your investment decision is independent.
8. Data sharing, communications & privacy
By using the Services, you give consent for the Company to share your personal/financial/KYC information with BSE StAR MF, AMCs, RTAs, KRAs/CKYC, UIDAI, CERSAI, SEBI/AMFI, exchanges, tax and other authorities/regulated entities for onboarding, transaction processing, compliance, audit and regulatory reporting. You also consent to receive transactional and promotional communications (SMS, email, in-app notifications) from the Company/AMCs/their representatives, notwithstanding any DND/NCPR registration. Personal data is processed per the Company’s Privacy Policy and applicable law, including the Digital Personal Data Protection Act, 2023; while industry-standard safeguards are used, no system is fail-proof and the Company is not liable for breaches beyond its reasonable control.
9. Execution risks, information reliance & platform limitations
Mutual fund investments are subject to market risks including NAV volatility, interest-rate changes, issuer/default risk, liquidity constraints, and broader macro events. Past performance is not indicative of future results, and you may lose part or all of your capital. Scheme data, NAVs, portfolio details and other information displayed on the Platform may be sourced from third-party providers/AMCs on an “as-is/as-available” basis and may be delayed or contain inaccuracies; you must read the SID/KIM/SAI and independently verify material information before investing. The Services are provided on a best-efforts basis without warranties of uninterrupted or error-free access. Our liability is limited as set out below and, in any case, will not exceed the aggregate platform charges (if any) paid by you to us in the preceding twelve (12) months; we are not liable for consequential/special/indirect damages or losses from market movements, AMC/RTA actions, regulatory changes, force-majeure, connectivity failures, or other third-party lapses beyond our reasonable control.
10. Grievance redressal
You may raise service or transaction-related complaints through the in-app help/support channels or by writing to us at the contact coordinates notified on the Platform, i.e., [email protected]; We will acknowledge and endeavour to resolve complaints within timelines prescribed by applicable regulations and our internal policies.
11. Client representations, warranties & acceptable use
You represent and warrant that: (a) you are legally competent to contract and are the ultimate beneficiary owner of the funds; (b) all information/KYC data, bank details and declarations provided are true, accurate, current and complete and will be promptly updated; (c) you will maintain confidentiality of login credentials/OTP/PIN and accept responsibility for all orders placed from your account; (d) you will maintain sufficient cleared funds and comply with all scheme/regulatory requirements, including lock-ins (e.g., ELSS/SIP instalment-wise locks); (e) your use of the Services will be lawful and solely for legitimate investment purposes; and (f) you will not misuse, interfere with, probe, reverse-engineer, circumvent, or compromise Platform security, nor engage in fraudulent/abusive conduct. We may refuse/block/cancel orders or restrict access where KYC is incomplete/deficient, risk flags exist, or regulatory/operational reasons so require, and you agree that such actions may be taken without prior notice where mandated.
12. Indemnity
To the fullest extent permitted by law, you agree to defend, indemnify and hold harmless INDstocks Private Limited, its affiliates, directors, officers, employees, agents, group entities, licensors and service partners (including exchanges, payment partners, AMCs and RTAs engaged for the Services) from and against all losses, claims, demands, actions, liabilities, damages, costs, penalties and expenses (including reasonable attorneys’ fees) arising out of or in connection with: (a) your breach of these Regular MF T&Cs, the Platform terms or any scheme/regulatory requirement; (b) inaccuracy in, or misuse of, your KYC/bank/mandate or other information; (c) unauthorized or fraudulent access to or use of your account/credentials/devices; (d) instructions placed or purported to be placed by you (including auto-debits/SIPs/mandates) and acted upon in good faith; (e) your violation of third-party rights or applicable law; and/or (f) any act, omission or misrepresentation by you. Our right to indemnity will survive termination of these Regular MF T&Cs and your cessation of use of the Services.
13. Suspension, restrictions & termination
We may, at any time, with or without prior notice and without liability, (i) suspend, restrict or block your access to some or all of the Services; (ii) cancel or reject any pending order; and/or (iii) terminate your access to the Services, where we reasonably determine that: (a) your KYC is incomplete/deficient, appears inconsistent, has lapsed, or triggers risk/compliance alerts; (b) there is suspected fraud, cyber risk, account compromise, misuse or breach of these Regular MF T&Cs/Platform terms; (c) any direction from a court, law enforcement, regulatory authority, exchange or AMC/RTA so requires; (d) operational exigencies, force-majeure or maintenance necessitate temporary suspension; or (e) you request closure of your account. Termination/suspension will not affect transactions already accepted by the AMC/RTA; however, we may place restrictions on fresh transactions/mandates. Your obligations accrued prior to termination (including payment of dues, indemnities, representations, confidentiality and disclaimers) will survive.
14. Governing law, jurisdiction, notices, amendments, assignment & severability
These Regular MF T&Cs are governed by the laws of India. Subject to applicable dispute-resolution frameworks made available by exchanges/AMCs/regulators, the courts at New Delhi shall have exclusive jurisdiction over all disputes arising hereunder. Notices may be issued by us via in-app alerts, email, SMS, push notifications or by posting on the Platform, and shall be deemed served upon dispatch/posting. We may update, modify or replace these Regular MF T&Cs (including product features, internal cut-offs and processes) at any time; changes will be effective upon posting on the Platform or as otherwise notified, and continued use of the Services thereafter constitutes acceptance. You shall not assign or transfer your rights or obligations hereunder without our prior written consent; we may assign/novate these Regular MF T&Cs, in whole or in part, to an affiliate or in connection with a merger, acquisition, restructuring or sale of business. If any provision is held invalid/unenforceable, it will be enforced to the maximum extent permissible and the remainder will continue in full force.
15. Eligibility, residency status & regulatory declarations
By using the Services, you confirm that you are eligible under applicable laws to invest in mutual funds in India and that you are transacting on your own behalf as the ultimate beneficial owner. You agree to furnish and keep current all declarations required by regulators/AMCs/RTAs (including PAN, address/bank details and other KYC particulars) and acknowledge that transactions may be refused, delayed or reversed if required information is missing, deficient or non-compliant. You authorize us to share your onboarding/KYC and transactional data with BSE StAR MF, AMCs, RTAs, KRAs/CKYC and other authorities strictly for processing and compliance.
16. Redemptions statutory lock-ins
Redemptions and switches are executed subject to scheme-level terms, exit loads and applicable taxes as disclosed in the respective SID/KIM. Units in locked-in schemes (e.g., ELSS) are non-transferable/non-redeemable until completion of the statutory lock-in; for SIPs in locked-in schemes, each instalment bears its own lock-in. Any redemption/switch request for locked-in units will be rejected without liability to the Company.
17. Operational outages, service limitations, liability cap & force-majeure
The Services are offered on a best-efforts, “as-is/as-available” basis. Information displayed (e.g., NAVs/holdings) may be delayed or contain inaccuracies due to third-party dependencies; you agree to rely on AMC/RTA records as final. In no event will the Company be liable for direct/indirect/special/consequential or punitive losses (including loss of profits, opportunity or business). Performance may be suspended without liability during force-majeure events, including but not limited to system/internet/telecom failures, power outages, cyberattacks, exchange suspensions, regulatory actions, natural disasters, strikes, war, epidemics or similar events beyond reasonable control.
18. Records, audit, electronic communications & e-consent
You consent to the maintenance and use of electronic records and audit trails for all instructions, consents and communications on the Platform, and agree that such records (including logs, time-stamps, OTP validations and in-app confirmations) constitute valid evidence of your intent and authorization under applicable law (including the Information Technology Act, 2000). You authorize the Company to share onboarding/transactional data with BSE StAR MF, AMCs, RTAs, KRAs/CKYC and competent authorities for processing, compliance, audit and regulatory reporting; you also consent to receive transactional and promotional communications via in-app, email and SMS, notwithstanding DND/NCPR registration. Personal data is processed per the Company’s Privacy Policy and applicable data-protection law; while industry-standard safeguards are employed, no system is infallible and the Company is not liable for breaches beyond its reasonable control.
19. Entire agreement, hierarchy, survival & updates
These Regular MF T&Cs, read with the Platform Terms/Privacy Policy and scheme documents (SID/KIM/SAI), form the entire agreement between you and the Company for Regular-plan mutual fund execution & distribution and supersede prior understandings on this subject. If there is any conflict, (i) applicable law/regulatory directions prevail, then (ii) SID/KIM/SAI, then (iii) these Regular MF T&Cs, then (iv) Platform Terms/Privacy Policy. Clauses relating to representations, liabilities/disclaimers, indemnities, data-sharing/consents, fees/loads, lifetime investor-type segregation, termination effects, and governing law/jurisdiction survive termination. We may amend these Regular MF T&Cs and will effect changes by posting/updating them on the Platform; continued use after such update constitutes acceptance.
20. ALL MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS AND THERE CAN BE NO ASSURANCE THAT SCHEME OBJECTIVES WILL BE ACHIEVED, PAST PERFORMANCE OF SCHEMES DOES NOT GUARANTEE FUTURE RESULTS, AND THE NAV OF MUTUAL FUND SCHEMES MAY FLUCTUATE BASED ON MARKET CONDITIONS, ECONOMIC FACTORS, AND PORTFOLIO PERFORMANCE.
21. USERS ACKNOWLEDGE THAT MUTUAL FUND INVESTMENTS DO NOT PROVIDE ASSURED RETURNS AND PRINCIPAL AMOUNTS INVESTED ARE SUBJECT TO MARKET VOLATILITY AND MAY RESULT IN CAPITAL LOSS. THE INFORMATION PROVIDED ON THE PLATFORM REGARDING MUTUAL FUNDS, INCLUDING SCHEME DETAILS, PERFORMANCE DATA, PORTFOLIO COMPOSITION, AND NAV INFORMATION, IS SOURCED FROM THIRD-PARTY DATA PROVIDERS, AMCS, AND MARKET DATA VENDORS ON AN "AS-IS" BASIS, AND COMPANY DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF SUCH INFORMATION.
22. USERS ARE ADVISED TO INDEPENDENTLY VERIFY ALL INFORMATION AND READ SCHEME-RELATED DOCUMENTS INCLUDING SID, KIM, STATEMENT OF ADDITIONAL INFORMATION (SAI), AND ANNUAL REPORTS BEFORE MAKING INVESTMENT DECISIONS. PRICE DATA AND NAV INFORMATION DISPLAYED ON THE PLATFORM MAY HAVE DELAYS DUE TO CONNECTIVITY ISSUES, DATA TRANSMISSION PROBLEMS, OR THIRD-PARTY DATA PROVIDER LIMITATIONS, AND COMPANY SHALL NOT BE LIABLE FOR ANY INVESTMENT DECISIONS BASED ON DELAYED OR INACCURATE INFORMATION.
23. THE COMPANY DOES NOT PROVIDE TAX ADVISORY, TAX PLANNING, OR TAX CONSULTATION SERVICES OF ANY NATURE WHATSOEVER. ANY INFORMATION DISPLAYED ON THE PLATFORM RELATING TO TAX IMPLICATIONS, CAPITAL GAINS, DIVIDEND TAXATION, OR OTHER TAX MATTERS IS PROVIDED PURELY FOR GENERAL INFORMATIONAL PURPOSES AND MUST NOT BE CONSTRUED AS PROFESSIONAL TAX ADVICE OR RECOMMENDATIONS. ALL MUTUAL FUND TRANSACTIONS INCLUDING PURCHASES, REDEMPTIONS, SWITCHES, AND DIVIDEND RECEIPTS MAY ATTRACT VARIOUS TAXES INCLUDING CAPITAL GAINS TAX (SHORT-TERM AND LONG-TERM), SECURITIES TRANSACTION TAX (STT), GOODS AND SERVICES TAX (GST), INCOME TAX, SURCHARGE, CESS, AND OTHER APPLICABLE TAXES AS PER PREVAILING TAX LAWS. THE TAX IMPLICATIONS VARY SIGNIFICANTLY BASED ON INDIVIDUAL FACTORS INCLUDING RESIDENTIAL STATUS, INCOME TAX SLAB, HOLDING PERIOD, TOTAL ANNUAL INCOME, AND OTHER INVESTMENT PORTFOLIO CONSIDERATIONS. USERS ARE STRONGLY ADVISED AND RECOMMENDED TO CONSULT QUALIFIED TAX PROFESSIONALS, CHARTERED ACCOUNTANTS, OR TAX ADVISORS BEFORE MAKING INVESTMENT DECISIONS AND TO SEEK WRITTEN CONFIRMATION REGARDING TAX IMPLICATIONS OF THEIR SPECIFIC INVESTMENTS. USERS ARE SOLELY AND EXCLUSIVELY RESPONSIBLE FOR INDEPENDENTLY ASSESSING, CALCULATING, AND UNDERSTANDING ALL TAX CONSEQUENCES ARISING FROM THEIR MUTUAL FUND INVESTMENTS AND ENSURING COMPLIANCE WITH ALL APPLICABLE TAX LAWS AND FILING OBLIGATIONS.
24. THE COMPANY MAKES NO REPRESENTATION, WARRANTY, GUARANTEE, OR ASSURANCE REGARDING THE ACCURACY, COMPLETENESS, OR SUITABILITY OF ANY TAX-RELATED INFORMATION, CALCULATIONS, OR PROJECTIONS DISPLAYED ON THE PLATFORM. THE COMPANY EXPRESSLY DISCLAIMS ALL WARRANTIES RELATING TO TAX IMPLICATIONS INCLUDING IMPLIED WARRANTIES OF ACCURACY OF TAX CALCULATIONS OR COMPLIANCE WITH CURRENT TAX PROVISIONS. TAX LAWS, RULES, REGULATIONS, RATES, EXEMPTIONS, AND COMPLIANCE REQUIREMENTS ARE SUBJECT TO FREQUENT CHANGES BY REGULATORY AUTHORITIES, WHICH MAY HAVE RETROSPECTIVE OR PROSPECTIVE APPLICATION AND MAY MATERIALLY AFFECT THE TAX TREATMENT OF MUTUAL FUND INVESTMENTS. THE COMPANY IS UNDER NO OBLIGATION TO MONITOR, TRACK, UPDATE, OR NOTIFY USERS REGARDING CHANGES IN TAX LAWS, AND USERS ARE SOLELY RESPONSIBLE FOR STAYING INFORMED ABOUT APPLICABLE TAX PROVISIONS AND ENSURING ONGOING COMPLIANCE. UNDER NO CIRCUMSTANCES SHALL THE COMPANY BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM TAX IMPLICATIONS OF MUTUAL FUND INVESTMENTS, INCORRECT TAX CALCULATIONS, TAX COMPLIANCE FAILURES, PENALTIES IMPOSED BY TAX AUTHORITIES, LOSS OF TAX BENEFITS, OR ANY OTHER TAX-RELATED LOSSES OR EXPENSES INCURRED BY USERS, AND THE COMPANY'S TOTAL LIABILITY FOR ALL TAX-RELATED CLAIMS SHALL NOT EXCEED THE TOTAL PLATFORM CHARGES PAID BY THE USER IN THE TWELVE MONTHS IMMEDIATELY PRECEDING ANY SUCH CLAIM.
25. BY USING THE COMPANY'S PLATFORM FOR MUTUAL FUND TRANSACTIONS, USERS EXPLICITLY ACKNOWLEDGE HAVING READ AND UNDERSTOOD THIS TAX LIABILITY DISCLAIMER, CONFIRM THEIR UNDERSTANDING THAT THE COMPANY DOES NOT PROVIDE TAX ADVISORY SERVICES, ACCEPT FULL RESPONSIBILITY FOR ALL TAX IMPLICATIONS OF THEIR INVESTMENT DECISIONS, AND AGREE TO SEEK INDEPENDENT PROFESSIONAL TAX ADVICE FOR ALL TAX-RELATED MATTERS. USERS AGREE TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE COMPANY FROM ANY CLAIMS, DEMANDS, ACTIONS, LOSSES, DAMAGES, COSTS, PENALTIES, OR LIABILITIES ARISING FROM USER'S TAX OBLIGATIONS, TAX COMPLIANCE FAILURES, DISPUTES WITH TAX AUTHORITIES, OR ANY OTHER TAX-RELATED MATTERS IN CONNECTION WITH MUTUAL FUND INVESTMENTS MADE THROUGH THE PLATFORM. USERS FURTHER ACKNOWLEDGE THAT THEY SHALL NOT HOLD THE COMPANY RESPONSIBLE FOR ANY TAX CONSEQUENCES ARISING FROM THEIR INVESTMENTS AND THAT THIS DISCLAIMER FORMS AN INTEGRAL PART OF THE TERMS AND CONDITIONS GOVERNING THE COMPANY'S SERVICES.
26. ACKNOWLEDGE HAVING READ AND UNDERSTOOD ALL SCHEME-RELATED DOCUMENTS BEFORE INVESTING, ACCEPT THE EXECUTION-ONLY NATURE OF THE PLATFORM, UNDERSTAND THE RISKS ASSOCIATED WITH MUTUAL FUND INVESTMENTS, PROVIDE INFORMED CONSENT FOR ALL DATA SHARING ARRANGEMENTS SPECIFIED HEREIN, AND AGREE TO BE BOUND BY THESE TERMS AND ALL APPLICABLE REGULATORY REQUIREMENTS.
27. THE COMPANY DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE. THE SERVICE IS PROVIDED IN AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE CLIENT AGREES THAT COMPANY SHALL NOT BE HELD RESPONSIBLE FOR DELAYS IN TRANSMISSION OF ORDERS DUE TO BREAKDOWN OF THE SYSTEM OR FAILURE OF COMMUNICATION FACILITIES EITHER DUE TO THE FAULT OF THE SYSTEMS OF COMPANY OR OF THE EXCHANGES OR OTHERWISE OR FOR ANY OTHER DELAY BEYOND THE REASONABLE CONTROL OF COMPANY DUE TO A BREAKDOWN OR FAILURE OF COMMUNICATION FACILITIES OR FOR ANY OTHER DELAY BEYOND THE REASONABLE CONTROL OF COMPANY.
28. These Terms are governed by Indian laws and regulations including the Securities and Exchange Board of India Act 1992, SEBI (Mutual Funds) Regulations 1996, SEBI (Stock Brokers and Sub-Brokers) Regulations 1992, BSE rules and bye-laws, Prevention of Money Laundering Act 2002, Foreign Exchange Management Act 1999, Information Technology Act 2000, and other applicable legislation as amended from time to time. All disputes arising from these Terms or the use of mutual fund services shall be subject to the exclusive jurisdiction of competent courts in Delhi, and Users agree to submit to such jurisdiction.
29. All modification to this Agreement shall be made solely at the discretion of the Company and shall be intimated to the client by a suitable modification to the terms and conditions or other applicable section on the website or in any other manner.
30. In the event of any one or more of the provisions contained in this Agreement becoming invalid, illegal or unenforceable in any respect under any law for the time being in force, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be prejudiced or affected thereto.
31. Please note that the information contained herein is subject to change without notice. Continued usage of services post-update shall be deemed acceptance. Users are advised to periodically review terms & conditions.