Wealth Wisdom

Pursuant to Rule 3 (1) of the Information Technology (Intermediaries guidelines) Rules, 2011 requiring publication of the rules and regulations, privacy policy and Terms of Use for access or usage of www.wealthwisdom.in, the following Terms and Conditions are published for the users of www.wealthwisdom.in

These Terms and Conditions, as amended from time to time, applicable on access and use of the website www.wealthwisdom. in and any other website (“Website”) and any mobile application/s (“Applications”) owned, operated and made available by Wealth Wisdom Investech Private Limited (“Company”) constitute an agreement and by accessing the Website/Applications or subscribing to the products and services offered by the Company by becoming a registered user, the Users agree to be bound by these Terms and Conditions, Privacy Policy and Legal Disclaimer as available on the Website. By accepting electronically (for example, clicking “I Agree”), installing, accessing, or using the Services, you agree to these terms.

The Company is registered with Association of Mutual Funds in India (“AMFI”) as mutual fund distributor and holds the registration no. ARN - 176981.

The Company through its investment account services enables the investors/Users to undertake online transactions in mutual funds. The Company has entered into agreements/arrangements with certain select Mutual Funds/AMCs to facilitate online mutual fund transactions through the Website/Application in the existing, launched and upcoming schemes of the said Mutual Funds. However, the Company does not assure or guarantee of making available the mutual funds of all or any particular mutual fund and the User can invest in only those mutual funds with whom the Company has entered into agreements/arrangements. In order to facilitate the online transactions and ease of investing through the Website/Application, the Company has entered into arrangements with Third Party Service Providers.

By accessing the Website/Application and/or subscribing to the investment account services offered by the Company, The User agrees and accepts to abide and be bound by these Terms and Conditions at all times and further agrees to execute all such documents which may be required from time to time, to share the details with the Mutual Funds/ their authorized Registrar & Transfer Agents (RTAs) or with any court or authority with respect to transactions undertaken by the User through Website/Application.

In addition to these Terms and Conditions, the Users will be subject to any additional or supplementary terms and conditions applicable to any service/product and such additional terms and conditions shall form part of these Terms and Conditions and shall be read together with these Terms and Conditions.

The Company reserves the right to amend, alter, modify, and supplement the Terms and Conditions at any time and continued usage of the Website and/or Application shall be deemed to be acceptance of such amended, altered, modified, or supplemented terms and conditions.

DECLARATIONS

The user/s while accessing the Website/Application and/or registering as user (the user and/or registered user collectively referred to as “User”) on the Website/Application and agreeing to the Terms and Conditions stated herein, declare that -

• The User understands, acknowledges, and agrees that investments in mutual funds and securities are subject to market risks and no assurance can be given by the Company/AMCs/Mutual Funds that the objectives as stated in the schemes will be achieved.
• The User has carefully read and understood the contents of all the scheme related documents including but not limited to Statement of Additional Information, Scheme Information Document, Key Information Memorandum (KIM), addenda issued thereto from time to time and Product Label of the scheme(s) before making an investment in concerned mutual fund schemes. The User agrees to the terms and conditions of the said schemes and completely understands the risk factors associated with the schemes on the date of the transaction and thereafter. The relevant product offering documents may be read for the further details either at the relevant AMCs website or as available on our website. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund.
• The User acknowledges that the investment advice extended is based and dependent on the submission of information and the User shall be solely responsible for any submission of incorrect or non-submission/omission of necessary and accurate information. The User confirms and believes that transaction/s undertaken is/are appropriate for the User as per the investment objective of the User.
• The User confirms that the decision to invest or undertake any transaction on the Website/Application is not induced by receipt or any promise of receipt of any rebate, gifts, incentives, commissions, directly or indirectly for making a transaction of purchase, redemption, switch, or sale.
• The User shall not solely rely on the views, representations (whether written or oral or otherwise), recommendations, opinions, reports, analysis, information, or other statement available on the Website/Application of the Company or made available by any of its agents, directors, officers or employees.
• The Users shall make their own independent assessment and any investments made or transactions undertaken by the User shall be deemed, under all circumstances, to be based on the User’s own judgment. The Company does not offer any tax/legal/financial advice and the Users are advised to independently seek tax/legal/financial advice before undertaking any transaction through the Website/Application of the Company.
• In case the User makes any investment through the Website/Application pursuant to any recommendation made by the Company or its agents or representatives or officers, the User agrees and acknowledges that such investment has been made at the User’s own risk and the User shall consider various factors including tax, legal, financial objectives, future financial requirements etc. and seek all such professional assistance as may be required before making any such investment decision.
• h. The User may, in his own discretion, choose not to follow the recommendations made by the Company or its agents or representatives or officers. The Company shall not be liable for any such action of the User and shall not be liable for any potential profits, bonus, dividend or gains or losses of any nature whatsoever that the User would have earned by following the recommendations made by the Company or its agents or representatives or officers.
• Third Party Investment products are not obligations of or guaranteed by the Company or any of its affiliates or subsidiaries and are subject to investment risks and foreign exchange risks, including the possible loss of the principal amount invested. The User agrees and acknowledges that past performance is not indicative of and does not assure or guarantee any future returns and the prices and/or returns may fluctuate from time to time leading to gains or losses. Neither the Company nor any of its agents or representatives or officers assure or guarantee any fixed returns or assurance of any interest, dividend, or profits. The Company also does not guarantee the preservation of the principal amount of the investment and the same shall be subject to the market risks and other factors determining the performance of the said investment.
• The Website or Application or any views, representations (whether written or oral or otherwise), recommendations, opinions, reports, analysis, information or other statement available on the Website/Application of the Company or made available by any of its agents, directors, officers or employees does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Investment products may not be available in all jurisdictions. The User shall notify the Company of any material change in its/his/her situation and/or profile and the Company is entitled to rely on the most recent information provided by the User.
• The User is authorized to undertake transaction/s and the amount invested by the User in the scheme(s) has been derived/earned from legitimate sources. The User confirms that the monies so invested have not been utilized/invested for contravention or evasion of any statute, rule, regulation, notification, circular, direction, clarification or order passed by any judicial, regulatory, administrative, quasi-judicial authority or body.

Additionally, in case a User is an NRI:

• The User confirms that the User is a Non-Resident of Indian Nationality/Origin and that investments made through the Website/Application have been remitted from abroad either through approved banking channels or from my/ our NRE/ NRO / FCNR account. The User also confirms that the User is not residing in any Financial Action Task Force (FATF) declared non-compliant country or territory.
• A User in a country other than India understand and acknowledge that by using or availing the services offered by the Company, the User may be violating the local laws applicable in such country. If the User chooses to access or avail the service from a country other than India, such User shall be solely responsible for all legal, regulatory, and other compliances with the foreign and local laws applicable in such country. The User agrees that the user shall solely be liable for any liability incurred in this regard and shall indemnify and keep indemnified the Company for any liability that the Company may incur in any foreign jurisdiction as a consequence of the said User using or availing the service. The User agrees, understands, and acknowledges that the offer of services by the Company through its Website/Application does not constitute or amount to an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation.
• The Company, its employees, agents, or representatives shall not be liable for rejection or non-execution of any transaction request for purchase, redemption, switch or sale of units of mutual funds in case the User is a resident in the United States of America or Canada.

RISK PROFILING

• The Company may enquire such details from the User which are necessary for determination and appraising the User’s needs, financial situation, investment objectives and investment in financial instruments and experience in making investments. The enquiries made by the Company are solely for assisting and guiding the Company in determination of User’s investment profile and shall not be conclusive for such determination.
• Since risk assessment and determination of investment profile depends upon the responses submitted by the User, the User shall and is required to submit accurate, correct, and complete information. The User understands and agrees that any submission which falls short of being accurate, correct, and complete may adversely affect the risk assessment and determination of investment profile by the Company. Further, the risk assessment of a User is solely for the internal purposes of the Company and such assessment does not guarantee or assure or represent gains/profits to be earned by the User by adhering to investment advice based on such assessment.
• The investment options suggested by the Company are largely based on the information and details submitted by the User and represent only one of the few combinations based on such information and details and risk profile of the User. Any such investment suggestion extended by the Company does not and shall not, at any time, guarantee any returns or profits or dividend or bonus or any gains of any nature whatsoever.

PAYMENT GATEWAY

• In order to facilitate the execution of transactions through online payment or receipt of funds, the Company has availed the services of a Third-Party Service Provider for payment gateway. The User can subscribe to, redeem, switch, or sell the mutual funds or receive dividends on the mutual funds through the payment gateway. The payment gateway may be utilized through internet banking, debit cards or Immediate Payment Service (IMPS).
• The said facility of payment gateway has been enabled through third party technology service provider and shall be available for such banks and subject to such conditions and limitations as may be provided by the Third-Party Service Provider. The User may be charged levy/ facilitation charges separately by the User’s bank which must be checked by the User before availing the facility of payment gateway.
• The transactions for purchase of mutual funds or credit of any proceeds of redemption or sale of mutual funds or dividend payout will not be allowed through the use of credit cards.
• The Company has only availed the services from a Third-Party Service provider for payment gateway and does not exercise any control over the systems and processes of such service provider. This service is primarily for facilitation of transactions on the Website/Application and the Company, its employees, agents, and authorized representatives shall not be liable for any failure in the payment gateway system, any internet fraud, hacking or phishing activities or any activities of like nature in the payment gateway system or in the systems of the bank of the user. The Company shall not be responsible for any technical issue or breakdown of system of the payment gateway service provider and the Company shall inform the user upon receipt of information from the service provider in respect of debit of any funds from the account of the registered user and non-allotment of mutual fund units.

AUTHORISATION FOR REVERSE FEED & SHARING OF PORTFOLIO INFORMATION

• The User authorizes the Company for receiving the details of investments made by the User and reverse feed files from the AMC & RTA/s. The User gives unconditional consent to share/provide the transactions data feed/portfolio holdings/ NAV etc.

INTERNET FRAUDS

• Though the Company employs the best possible software’s and techniques in order to mitigate any risks which may arise on account of internet frauds including but not limited to hacking, phishing, theft of personal information like login ID and passwords, injection of viruses, malware, malicious or destructive or corrupting codes or programs etc. (collectively referred to as the “Internet Frauds”) however, any possibility of such threat cannot be ruled out and the Company does not guarantee that the Website and Application will be free of such threats.
• The Company or the Third-Party Service Providers or the AMCs/RTAs are not liable or responsible for any such Internet Frauds. Further, the Company or the Third-Party Service Providers or the AMCs/RTAs shall not be liable for Internet frauds or any compromise in the secrecy of login and password details of the User done by or at the behest of or with the permission of the User.
• Complete, accurate and proper details are required to be punched in for logging into the investment account and for undertaking transactions through Website/Application. The said details are being forwarded to the AMCs/Mutual Funds for completion of the instructions given by the User. In the event of any User receiving an incorrect credit of funds/mutual fund units pursuant to any mistake, inadvertent or otherwise, the concerned AMC/Mutual Fund shall be entitled to reverse such credit at any time without any express consent from such wrongfully enriched User. Any such User receiving a wrongful credit of funds/units, or any other wrongful gain shall keep the AMCs/Mutual Fund indemnified against any loss or damage arising out of such wrongful credit.
• In case the AMCs/Mutual Funds have any reason to believe that any transaction/s undertaken by a User are not genuine or improper or illegal, the AMCs/Mutual Funds shall, in their sole discretion, refuse to give effect to the transactions requested/undertaken by the User. Such decision of the AMCs/Mutual Funds shall not be questioned by the User. Provided, however, that any monies paid by the User for subscription to the units shall be duly refunded to the User.

INDEMNITY

• The User shall, at all times, indemnify and keep indemnified the Company and Third Party Service Providers and their employees, officers, agents and authorized representatives, Mutual Fund Companies, Asset Management Companies and their officers and agents free and harmless at all times, against all monetary and other harm, injury, costs, losses, liabilities, damages, charges, actions, legal proceedings, claims and expenses and consequences including without limitation any costs between attorney and client, whether direct or indirect, by reason of accessing or using the Website/Application or subscribe to the services offered by the Company and/or doing and/or omitting to do anything in accordance with the Terms specified herein or any instructions relating to the online dealing in mutual funds through the Company.
• Investment in mutual funds is subject to market risks and susceptible to losses on account of fluctuations in the market. The User shall not, under any circumstances, hold the Company or Third-Party Service Providers or their employees, agents or representatives, Mutual Fund Companies, Asset Management Companies and their employees, officers, representatives, and agents liable for any loss caused due to fall in value of investments / NAV etc. which may fluctuate on account of factors and forces affecting capital markets or any indirect, special, or consequential loss that the User may suffer.
• In the event of any loss or damage caused by reason of failure / refusal or delay of the mutual fund/AMCs to deliver any units purchased despite the payment being effected for the same or failure / refusal or delay in making payment in respect of any units sold though the said units may have been delivered, the User shall not hold the Company or Third Party Service Providers or their employees, officers, agents or representatives liable for such loss, refusal or delay and shall indemnify and keep indemnified and hold harmless and free from any claim.
• The User shall not and agrees not to hold the Company or Third-Party Service Providers or their employees, officers, agents, or representatives liable for any delay / refusal / non-payment of any proceeds on redemption or dividend payouts by the Mutual Funds to User’s account/s for any reason whatsoever.
• The User shall not and agrees not to hold the Company or Third Part Service Providers or their employees, officers, agents, or representatives liable for any of the following:
  • Any delay or failure in processing the transactions carried out by the User due to any system failure or for any other reason whatsoever.
  • For any loss or damage incurred or suffered by the User due to any error, defect, failure, or interruption in the dealing arising from or caused by any reason whatsoever.
  • For any fraud, negligence/mistake or misconduct by the User including failure to comply with the KRA/KYC norms or provision of a valid PAN or PMLA requirements.
  • For any breach or non-compliance by the User of these Terms.
  • For not permitting the User to deal after such reasonable verification as the Company or Third-Party Service Providers or its their employees, officers, agents, or representatives may deem fit.
  • For permitting any person who provides the Company or Third-Party Service Providers or their employees, officers, agents, or representatives with the login id and/or password to deal with investment account.
  • The Company or Third-Party Service Providers or their employees, officers, agents, or representatives shall not be under any obligation to re-verify the identity or other details of the User after successful registration of the User through the Website/Application.
• The indemnity contained herein shall survive the termination of services by the Company or the User and shall apply to any claim made in respect of or in connection with the transactions undertaken by the User on the Website/Application.

SUSPENSION, CANCELLATION AND TERMINATION

• The Company may, at its sole discretion, suspend, modify, disallow the facilities/services at any time for such time period as it may deem fit in its sole and absolute opinion. The services may be suspended for such reasons including but not limited to breach of or non-compliance with these Terms and Conditions, death, insolvency, bankruptcy of the User, dormant or inactive account or any suspicious activity in account or such other reasons warranting suspension, cancellation, modification, or disallowance in transacting through the investment account.
• The Company may, at any time, terminate the services available to a User through the investment account opened with the Company upon giving a 30 days’ prior notice. Such notice may be sent by the Company by way of an email on the registered email address or by way of short message service on the registered phone number or by way of a letter on the registered postal address as furnished by the User. The User may discontinue availing the services and close the investment account at any time by giving a 30 days’ advance notice to the Company of his intention. The User shall pay and continue to remain liable to pay the fee, charges, dues, subscription charges, renewal charges, convenience fee, advisory fee/charges, taxes, cess etc. for the services availed by the User till the date of such suspension, cancellation, or termination of the services under the investment account.
• The Company, its employees, agents, and representatives shall not be responsible for any direct, indirect, or consequential loss that may be sustained or caused to the User on account of such suspension, cancellation or modification or termination of the services offered by the Company.
• Upon termination of the services and/or cessation of the investment account, the Company shall promptly intimate and turnover all the details available with it to the concerned mutual funds/AMCs/RTAs to enable the User to directly deal and transact with the mutual funds/AMCs/RTAs. Notwithstanding anything stated above, the User shall have unfettered and unrestricted access to Mutual Funds/AMCs/RTAs and may directly approach the Mutual Funds/AMCs/RTAs for any purchase, redemption, switch, or sale transaction that a User may intend to undertake.
• Upon being intimated about the termination of services and/or cessation of the investment account, AMCs/RTAs/MFs shall discontinue sharing of the information (including reverse feeds) with the Company, and AMCs/RTAs/MFs shall not be responsible for any information shared with the Company post termination of services and/or cessation of the investment account, on account of the failure of the Company to intimate such termination to AMCs/RTAs/MFs.

INTELLECTUAL PROPERTY RIGHTS

• The contents of the Website/Application, including but not limited to the text, graphics, images, logos, button icons, photographs, editorial content, notices, software (including html-based computer programmes) and other material are owned/licensed by/to the Company and/or its Third-Party Service Providers/their licensors and are duly protected by them under applicable copyright, trademark, and other laws. The Users acknowledge and agree that the Company and/or its licensors or suppliers own all rights to this Website/Application, the content displayed on the Website/Application and any intellectual or proprietary property and/or technology (in any form) made available to the User as a part of or in conjunction with the services.
• The Users are only permitted to avail the services offered by the Company and use any of the foregoing as expressly authorized by these Terms and Conditions in furtherance of availing of services. The Users may download or print a copy of the information provided on the Website/Application for personal consumption and non-commercial use only. The Users shall be prohibited to copy, re-print, reproduce (electronically or otherwise), download for commercial purpose, distribute, transfer, transmit or create derivative works from any content on the Website/Application, in whole or in part, for any other purpose without prior written consent of the Company. The Users shall not reverse engineer or reverse compile, decompile any technology associated with the services, including but not limited to any software applications or Java applets associated with the services content, from the Website/Application, in whole or in part.
• The Users shall not use any of the foregoing for any unlawful purposes and shall comply with the instructions and directions for the protection and safeguard of the Intellectual Property Rights owned/licensed to the Company.

MODIFICATIONS AND AMENDMENTS

• The Terms and Conditions may be amended, modified, supplemented, or restated any time at the sole discretion of the Company, including but not limited to, for reasons being change in law or regulation or change in the policies of the Company or change in the nature and scope of services offered by the Company etc.

NON-DISCLOSURE AND CONFIDENTIALITY

• The Users may, during the course of accessing and availing the services through Website/Application, share certain information with the Company which may be private and confidential in nature. The Company shall make reasonable endeavors to keep such information confidential. However, the Company shall be entitled to disclose any such information or particulars to any court, authority, statutory or otherwise as may be required by law or Third-Party Service Provider required to give effect to the transactions requested by the User.

GOVERNING LAW AND JURISDICTION

Any dispute arising out of or in connection with the Terms and Conditions or Privacy Policy shall be subject to the exclusive jurisdiction of the courts and tribunals in Jaipur, Rajasthan. The Terms and Conditions shall be construed in accordance with the Applicable Laws in India.

“Applicable Law” shall mean any statute, law, regulation, ordinance, rule, judgment, order, decree, by-law, clearance, circular, notification, press releases, directive, guideline, policy requirement, other governmental restrictions or any other similar forms of decision of, or determination or any interpretation or administration having the force of law or any of the foregoing, by any court or any Government Authority having jurisdiction over the matter in question, whether in effect as of the date or thereafter and in each case as amended.

MISCELLANEOUS

• Users shall have unfettered and unrestricted right and access to transact in the units of Mutual Funds/AMCs, including purchase, redemption, or switch, without routing it through the Website/Application or the Company.
• All transactions undertaken through the Website/Application shall, at all times, be subject to the applicable law, rules, regulations, directions, orders of appropriate court or authority and the terms and conditions contained in the Scheme Information Documents (SID) /Key Information Memorandum (KIM) and addendums issued thereto from time to time (collectively referred to as “Scheme Related Documents”). The User agrees and acknowledges that applicable exit load or other charges may be levied by the concerned Mutual Funds/AMCs in accordance with the Scheme related Documents. The User shall read, get acquainted and agree to the Scheme Related Documents before making any investments.
• The agreement of the User with the Company being these Terms and Conditions and Privacy Policy is absolutely on non-exclusive basis and the User shall be at liberty to enter into similar or other arrangements/agreements with other service providers. In case this agreement is terminated by way of Suspension, Cancellation or Termination, as the case may be, the User shall not be permitted to transact through the Website/Application for undertaking any transaction including but not limited to purchase, redemption, transfer or switch of units of mutual funds. Post termination of the service, the Company shall duly assist the User in making available necessary information to enable the User to transact directly with the Mutual Funds/AMCs.
• The User agrees, at all times and without any demur, to sign, execute and deliver such additional documents or perform such additional actions as may be necessary, appropriate or reasonably requested to carry out or evidence the transactions undertaken through the Website/Application of the Company.
• The User shall not be entitled to assign its obligations without prior written consent of the Company and any such assignment without prior consent shall be void ab-initio.
• The Company or the Mutual Funds/AMCs may reject any transaction or series of transactions which may, in the opinion of the Company or the Mutual Funds/AMCs, be designed to take advantage of short-term fluctuations in the market.
• If any term or provision of these Terms and Conditions is, for any reason, held to be invalid, illegal, or unenforceable, it shall not affect any other term or provision hereof, and the remaining Terms and Conditions shall be interpreted and construed as if such term or provision, to the extent have been held as invalid, illegal or unenforceable, had never been contained herein.

In terms of Information Technology Act, 2000, this document is an electronic record. Being generated by a computer system it does not require any physical or digital signatures.