Terms & Conditions - BharatInvestments
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TERMS & CONDITIONS OF USE OF WEBSITE AND SERVICES


Bharat Investment is in the business of distribution of financial products on its online technology platform through its distribution department (“Distribution Department”). Bharat Investment also provides investment advisory services through a separately identifiable department registered with the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (“Advisory Department”). In order for you to obtain an investment account with Bharat Investment (“Investment Account”), you are requested to carefully go through these terms & conditions (“Terms & Conditions”) and to execute the agreements included herein in order to avail access to the distribution network of Bharat Investment through its online technology platform and to avail the advisory services. By registering with Bharat Investment, you irrevocably and unconditionally accept all the obligations stipulated in the Terms & Conditions and agree to abide by the Investment Services Agreement and the Advisory Services Agreement. Accessing the distribution network of Bharat Investment on its online technology platform through any medium, including but not limited to the websites being www. Bharat Investment.com (“Website”) on mobile phones and such other devices, is also subject to these Terms & Conditions. These Terms & Conditions supersede all previous oral and written terms and conditions (if any) communicated to you.

By signing up for an Investment Account with Bharat Investment, you acknowledge and confirm:

  1. That you are 18 years of age or older and where you are acting as Guardian on behalf of a minor, you have the necessary authority to register/sign up for the services on behalf of the minor.
  2. That you have understood and agreed to abide by the terms of both the Investment Services Agreement executed with the Distribution Department and the Advisory Services Agreement executed with the Advisory Department, annexed below.
  3. That the Investment Services Agreement and the Advisory Services Agreement are part of the Investor Application Form, that they are generated once you confirm your registration, and that you are required to duly sign and send them to Bharat Investment.
  4. That you have read and understood the Privacy Policy published on the Website.
  5. That the information you provide when you register on the Website is true and correct.
  6. That Bharat Investment may contact you by phone and/or e-mail in connection with your registration.
  7. That the entire contents of the Website, including its "look and feel" are property of Bharat Investment. You may not copy or distribute any part of the Website without approval.


Investment Services Agreement
This document is a legal contract between the Distribution Department and me ("Investment Services Agreement").
By executing the Investment Services Agreement, I acknowledge:
  • That I have applied for an Investment Account after understanding the nature and scope of services provided by the Distribution Department as per the Investment Services Agreement.
  • That the operation of my Investment Account and the execution of instructions are subject to the Investment Services Agreement, and the Offer Documents of the respective Asset Management Company (“AMC").
  • That my identity on the Website is authenticated by the use of my Login Credentials and that the Distribution Department will consider instructions authenticated by my Login Credentials to have originated from me.
  • That I have the right to transact directly with the AMC even in respect of the investments made through the Distribution Department.

  1. Investment Services
    • I/We hereby agree to avail the service of access to the distribution network of the Distribution Department through its online technology platform for the purchase and redemptions of units of mutual funds listed on the Websites by me/us, on the terms and conditions mentioned herein (“Investment Services”). I/We agree that the Distribution Department and / or the mutual fund may at its sole discretion vary the terms and conditions or withdraw any of the facilities provided herein from time to time.
    • I/We hereby confirm that I/we am/are/will be in compliance with know your customer (KYC) requirements under applicable SEBI/AMFI regulation before I/We start investment with my/our account and continue to do so. In event “Know Your Client” process is not completed by me/us to the satisfaction of the mutual fund, I/We hereby authorize the mutual fund, to redeem the funds invested in the scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by law.
    • I/We hereby irrevocably and unconditionally grant my/our no objection to the Distribution Department and the respective mutual funds to collate the transaction details relating to the investments in mutual fund units done by me/us on the online technology platform of the Distribution Department and transmit such transaction data to the concerned AMC / mutual fund for further processing of my/our transactions.

  2. Registration and Transactions
    • Access to the distribution network of the Distribution Department for the transactions of purchase, switch and redemption of mutual fund units will be granted by the Distribution Department only to customers who have a registered Investments Account with Bharat Investment (“Registered Customer”). I/ We agree and acknowledge that the Investment Services provided herein are presently available in respect of select Mutual Funds only with whom Bharat Investment has entered into a separate arrangement. I/we agree and acknowledge that the Investment Services provided herein may also be in respect of other financial products including but not limited to FDs, Bonds, Debentures, Pension Products, etc.
    • Registered Customers will be able to only purchase, redeem and switch mutual fund units through this service.
    • I/We agree and understand that no change of address, mobile no., e‐mail id and / or bank details can be allowed for such accounts, unless a duly signed hard copy of such written request is sent to the AMC / CAMS / POS for signature verification and other formalities unless otherwise permitted by the Bharat Investment.
    • I/We agree that any and / or all information that may be provided by me/us to the Distribution Department from time to time, including but not limited to contact information, address and tax‐related information or any other information required under existing or future KYC or other norms and laws, may be shared by the Distribution Department with the mutual funds/AMCs or their respective authorized service providers, auditors, legal and tax consultants in compliance with the extant legal provisions from time to time.
    • There may be an exit load applicable to certain mutual fund schemes which is mentioned in the respective offer documents including Scheme Information Document (SID) /Key Information Memorandum (KIM) and addendums issued thereto from time to time (collectively referred to as “scheme related documents”). I/We shall read all the scheme related documents before investing.
    • I/We agree and understand that Bharat Investment does not solicit clients or investments of persons from the United States of America (“U.S.”) and Canada and that such investments may also not be permitted by certain mutual funds. I/We agree and understand that the Distribution Department/ AMCs/their respective trustee companies shall not be liable for rejection of an application by mutual funds where the investor is a person from the U.S., Canada and/or such other prohibited investor as may be specified in the respective scheme related documents from time to time. Subsequent to the processing of a transaction, if it is found that the investor is a person from the U.S., Canada and/or such other prohibited investor as may be specified in the respective scheme related documents. I/We agree and understand that the funds invested in the scheme shall be redeemed in favour of the applicant, at the applicable NAV prevailing on the date of such redemption, and any other action may be undertaken with such funds that may be required by law.
    • Purchase requests made through the Distribution Department’s online technology platform shall be processed by the respective mutual funds/AMCs only after funds sufficient to cover the purchase price and other costs and charges have been received by the respective mutual funds/AMCs. Payments towards the purchase price and other costs and charges shall be made by the Registered Customers directly in the name of the respective mutual fund scheme(s) through the payment gateway or NEFT/RTGS facilities made available by the Distribution Department on the online technology platform. If for any reason the mutual fund is unable to allow a transaction for purchase or redemption of the full quantity of units such as transacted by a Registered Customer through the online technology platform of the Distribution Department, the respective mutual fund/AMCs shall be entitled to process a lesser quantity of units being purchased or redeemed (as the case may be) by such Registered Customer. In such a case, neither the Distribution Department nor the AMCs, their respective trustees shall be responsible for the non‐execution of transactions for the entire quantity or the remaining quantity of units.
    • Transaction rights for Systematic Investment Plans (“SIPs”) will be pursuant to the Registered Customer executing the instructions, in the manner and form as prescribed by the Distribution Department and / or mutual funds on the online technology platform from time to time. The instructions will be applicable to all SIP transactions whether presently existing or to be opened in future. I/We agree that, upon granting such instructions for SIP transactions, I/We will be bound by the terms of the relevant SIP scheme of the mutual fund to which I/we subscribe.
    • I/We agree and understand that the cut off time specified by Distribution Department may be prior to/vary from the cut off timings mentioned in the scheme documents of the different mutual fund schemes. I/We agree and acknowledge that any transaction done or purported to be done by me/us before the cut off times on a business day as may be intimated by the Distribution Department to me/us from time to time, would be processed on the same day. Any transactions done on the online technology platform of the Distribution Department after the prescribed cut off time will be deemed to be received on the next working day and will be processed accordingly.
    • I/We acknowledge that the units of the scheme shall be allotted, redeemed or switched, as the case may be, by the respective mutual funds / AMCs at the applicable Net Asset Value(“NAV”) of the concerned mutual fund scheme as specified by the Distribution Department and consistent with the terms of the Scheme. However, the Distribution Department shall not be liable for any loss that may arise to me/us as a result of incorrect NAV applied on units allotted to me/us by the mutual fund.
    • I/We acknowledge that any transactions done on a holiday would be processed on the next business day and the NAV would be applicable as per the respective scheme related documents.
    • I/We acknowledge that transactions once placed cannot be cancelled.
    • I/we acknowledge that any application for redemption, purchase or exchange or any other instruction must be correct, complete, clear and unambiguous in all respects and should conform to the prescribed procedure/documentation and regulatory requirements, failing which, the Distribution Department /AMC reserve the right to reject the same and in such a case the Distribution Department/AMC/Trustee shall not be responsible for any consequence arising therefrom.
    • I/We have read and understood the contents of the Scheme related Document and the details of the scheme and I/We have not received or been induced by any rebate or gifts, directly or indirectly, in making investment. I/We hereby declare that the amount invested/to be invested by me/us in the scheme(s) of Mutual Fund (s) is derived through legitimate sources and is not held or designed for the purpose of contravention of any act, rules, regulations or any statute or legislation or any other applicable laws or any notifications, directions issued by any governmental or statutory authority from time to time, including the provisions of the Income Tax Act, 1961, anti-money laundering laws or anti-corruption laws and notifications or directives issued thereunder.
    • The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds being recommended to me/us.

  3. No objection to the Distribution Department
    • I/We grant my/our no objection to the Distribution Department to do or perform upon my/our placing of transaction requests on the online technology platform of the Distribution Department and at my/our risk and cost, all or any of the following acts, deeds matters and things:
      1. To forward my transaction data and requests to the respective mutual funds/AMCs with respect to my instructions and orders of sale, purchase, transfer, splitting and consolidation of mutual funds units.
      2. To transmit to the mutual fund and/or the corresponding AMC, information relating to my/our nomination/changes in investment plan/ any other changes made through the online platform.
      3. To obtain and forward to the AMC/its Authorized Registrar my/our information as available in the KYC records, including my signature. I/We agree that such records may be used by the AMC/Authorised Registrar for authorizing the transactions that may be submitted by me/us in physical/offline mode.
      4. To contact me/us regarding matters pertaining to the operation of my account including, but not limited to, servicing of my requests, communication of special offers, new product launches and product recommendations. This consent will override any registration for DNC / NDNC.

  4. Multiple Investors in a Single Investment Account:
    • I/We acknowledge that for a single Investment Account, I/We can add multiple investors for separate transactions in different mutual fund schemes, subject to the provisions contained herein.
    • When I/We are adding such “additional investor(s)” to my / our Investment Account, I/We acknowledge that, the additional investor(s) has seen and accepted all the terms and conditions accepted by the existing Investment Account holder(s), including the Terms & Conditions.
    • If I am/we are being added to an Investment Account as an “additional investor”, I/we acknowledge that I/we have seen and accepted all the terms and conditions accepted by the existing Investment Account holder(s), including the Terms & Conditions.
    • I/We agree and understand that, if an Investment Account has multiple investors, any of the Investment Account holders may operate the Investment Account. To this end, I/we authorise the Investment Account holder operating the Investment Account to undertake transactions through the Investment Account on my/our behalf.
    • I/We agree and understand that, at the time of performing any transaction, I/we must specify the name of investor(s) for each of the transaction performed in the Investment Account. I/We agree and understand that a transaction will be binding on all investor(s) named for the particular transaction.
    • I/We further agree and understand that, in the case of an Investment Account having multiple investors, if a transaction is performed without specifying the names of investor(s) for the said transaction, such transaction will be deemed to be made jointly by all investor of the Investment Account and will be binding on all investors

  5. Communication of instructions
    • In the event an Investment Account has multiple investors mentioned in such Investment Account, I/We acknowledge that all instructions (including instructions for modification of this clause) shall be given only by the first holder of such Investment Account, on behalf of both/all of us. All instructions given by the first holder above shall be binding on both/all as if given by each of us personally. I/We agree that the instructions may be for the purchase of units in the sole name of the first holder or in the name of the first holder jointly with other person to the exclusion of the second or the third holder. I/We hereby authorize the Distribution Department/AMCs to process and transmit such instructions given from time to time in relation to my/our transactions to the respective mutual funds/AMCs.
    • The transactions for purchase or redemption of the units may be done through the online method as required by the Distribution Department. I/We agree that the Distribution Department/AMC reserves the right to remove or add any method of making instructions for purchase or redemption of the units at any time at The Distribution Department/AMCs’ discretion. I/We agree that the Distribution Department/AMC shall always have the right to change the modes of instructions for purchase, switch or redemption of units.
    • I/We agree and acknowledge that units purchased by giving instructions through any of the above modes will be deemed to be accepted for redemptions through the same mode only.
    • The Distribution Department may refuse to transmit transaction data for the clients unless they are given in a manner and form acceptable to the Distribution Department and in accordance with the Distribution Department’s right to verify such transactions. However, the Distribution Department shall have no responsibility to determine the authenticity of any transactions done or purported to be done by me/us. I/We shall not hold the Distribution Department liable on account of it acting in good faith on any of/our transaction done or purported to be done by me/us.
    • The mutual funds/AMCs may at its discretion not give effect to my/our transactions where the mutual fund/AMCs/ the Distribution Department have reason to believe (which decision of mutual fund / AMCs / the Distribution Department, I/We shall not question or dispute) that the transactions are not genuine or are otherwise improper, ambiguous or unclear or raise a doubt. The Distribution Department/AMC/Mutual Fund/trustee of the AMC shall not be liable for any losses including but not limited to the loss of any opportunity costs incurred by me/us, if any, transactions are not carried out for any reasons whatsoever.
    • I/We agree to indemnify the Distribution Department, AMC, trustees to the AMC, its respective officers, directors, employees and agents against any improper/ fraudulent transactions, improper/fraudulent fund transfer transactions done or purported to be done by me/us on the online technology platform / payment gateway / NEFT/RTGS facilities provided by the Distribution Department. The Distribution Department/AMC shall not be obliged to accept from me/us any oral instructions for carrying out any transactions in mutual fund units. Further, the Distribution Department, AMC, trustees to the AMC, its respective officers, employees and agents shall be indemnified for and held free and harmless from and against any and all costs, claims, losses or liabilities of any nature (direct or indirect) resulting from the act of purchase, redemption or switch of mutual fund units, together with any and all attendant costs and expenses including reasonable legal fees and expenses, that the Distribution Department, AMC, trustees to the AMC, its respective officers, employees and agents may incur or be subject to, in relation to the transactions conducted by me/us on the online technology platform of the Distribution Department. I/We also acknowledge that the security and the control provided by the Distribution Department are designed to verify the source the communication and not to detect errors in transmission or content including discrepancies between names on the account numbers and that the Distribution Department or any intermediary, may transmit data or take requisite action by reference account number only, even if the name on the account is also provided. Nothing contained herein shall require the Distribution Department to violate any applicable laws, rules or the procedures/ instructions. The Distribution Department shall have no duty to verify the content of any transactions, instructions and communication, whether or not authorized, sent in its name and accepted by the Distribution Department. The Distribution Department will collate and transmit the transaction data and other details as it is received and stored on its servers and will not validate the same for holdings, correctness of transaction and any other information.

  6. Holding pattern and Customer details
    • I/We acknowledge and agree that the holding pattern of the Registered Customer, as reflected in the Distribution Department system, is deemed to be the Bharat Investment account holding pattern of the Investment Account holder/investor(s).
    • I/We also agree there will be no changes allowed in the holding pattern of the investors associated with the Investment Account once the Investment Account is activated, except in accordance with Clause 4 of the Terms &Conditions.
    • I/We agree that once an investment/transaction is made using the holding pattern, I/we will not be allowed to change the holding pattern for the subscription.
    • I/We agree and understand that the other requisite data (which is not part of the form) required to be reported to AMC / authorized registrar of the AMC will be extracted from the Distribution Department account details maintained for the first Investment Account holder.
    • I/We agree and understand that the mode of holding in all customer joint accounts is treated as “Anyone or Survivor”, and in cases where no holder survives, I/we agree and understand that the nominee of the first holder will be considered, except in circumstances where the mutual fund scheme mandates otherwise.

  7. Statement of account
    • I/We agree and acknowledge that it shall be the obligation of the AMC and not of the Distribution Department to regularly send to the Registered Customer (only to first holder in cause of multiple / joint holdings) such communications as required under the Securities and Exchange Board of India Regulations.

  8. Charges and Fees
    • While currently, the Investment Services offered by the Distribution Department are free of transaction charges, I/We acknowledge that the Distribution Department reserves the right to charge fees in the future for the Investment Services or any other services offered by the Distribution Department. Any such changes will be communicated by the Distribution Department via email 14 days ahead of implementation, and will be displayed on the Websites. Under such circumstances, I/we understand that I/We will be allowed to transfer our assets out of my/our Investment Account without incurring any costs payable to the Distribution Department.
    • I/We agree and understand that any such charges/fees that the Distribution Department may choose to levy will be in addition to those levied by the AMCs, if any. All fees, charges and reimbursement of expenditure shall be paid or made in full by me/ us without any counter claim, set off or withholding. All liabilities and obligations of the Registered Customer hereunder to the Distribution Department/mutual fund/AMCs/trustees of the AMC shall be joint and/or several, as the case may be.

  9. Third party Risk
    • The Distribution Department shall not be liable for any loss or damage caused by reason of failures or delay of the mutual fund to deliver any units purchased even though payments have been made for the same, or failure or delay in making payment in respect of any units sold, though they may have been delivered and I/We shall hold the Distribution Department harmless and free from any claim in respect thereof. The Distribution Department shall also not be liable for any delay, failure or refusal of the mutual fund in registering or transferring units to my/our names or for any interest, dividend or other loss caused to me/ us arising therefrom.
    • In such instances of third party claims, the AMC/mutual fund/trustees to the mutual fund shall be liable for failure/delay only where such claims/losses arise due to a reason entirely attributable to an error or gross negligence of the AMC. In no event shall the AMC/mutual fund/trustees to the mutual fund be liable for losses/claims arising due to force majeure reasons beyond the reasonable control of the AMC/mutual fund.

  10. Liability of the Distribution Department
    • The Distribution Department shall not in absence of gross negligence on the part of the Distribution Department, be liable to me/us for any act, omission or delay by the mutual fund or for any claims which I/We may suffer or incur as a result of or in course or discharge by the Distribution Department or its employees, officers, directors, nominee or agent of the Distribution Department’ duties.
    • Without prejudice to the above, the Distribution Department shall not be held liable for any loss or damage or failure to comply or delay in complying with its obligations under these terms and conditions which is caused directly or indirectly by any event or circumstances beyond the Distribution Department’ reasonable control. These include system failure, network errors, delay or loss of data due to the above and in circumstances of acts of God, floods, epidemics, quarantine, riot, civil commotion and/or war. I/We further agree that the Distribution Department shall not be held liable for any losses, damages, expenses, costs, liabilities and claims of whatsoever nature caused by fraudulent or unauthorized use or access of my/our information, and/or signatures. The Distribution Department will be under no duty to verify compliance with any restrictions on my/our investment powers.
    • The Distribution Department will not be liable for any loss, damage, cost, charges or expenses directly or indirectly caused by reasons of any defects or imperfections or mechanical or other failure with relation to computer, cable, telex, telephone or postal system.
    • While the Distribution Department will make every effort to have its computer systems available at all times, the Distribution Department makes no guarantees with respect to the availability of such systems. The Distribution Department will make every effort to resolve availability issues such as network problems, virus attacks etc. in an expeditious manner. Notwithstanding these, the Distribution Department will as such not be liable for any loss, damage, cost, charges or expenses directly or indirectly caused by reasons of lack of such availability.
    • If the foregoing provisions contained in clause 10 are held to be unenforceable, the maximum liability of the Distribution Department/its authorised representatives/service providers to me/ us shall not exceed the amount of convenience fees/ service charges paid by me/us for availing the services through the Website.

  11. ELECTRONIC Payment Facilities
    • I/we understand that funds transfer for purchase of units of mutual funds will be done by using an Electronic Payment Gateway facility for net banking offered through a third party net banking service provider registered with the Reserve Bank of India or through the NEFT/ RTGS facilities provided by Bharat Investment through their account with a third party service provider (“Payment Facilities”). I/we agree not to use or permit the use of the Payment Facilities or any related services for any illegal or improper purposes.
    • I/we hereby acknowledge that I/We am/are utilizing the Payment Facilities at my/our risk. I/we agree and understand that these risks would include but not be limited to the following risks and the Distribution Department/AMC/trustees of the AMC, disclaim all liability and responsibility for any claims, losses, damages, costs of whatsoever nature arising due to such risks:
      1. Misuse of Password: I/we acknowledge that if any third party obtains access to my password of the Investments Account, such third party would be able to transact on the Distribution Department’s online technology platform. I/We shall ensure that the terms and conditions applicable to the use of the Net Banking password as contained in the Electronic Payment Gateway for Net Banking are complied with at all times.
      2. Internet Frauds: I/We understand that the Internet per se is susceptible to a number of frauds, misuse, hacking and other actions, which could affect payment instructions given pertaining to the Payment Facilities or the transactions done using the Distribution Department’s online technology platform. Whilst the Distribution Department shall aim to provide security to prevent the same, there cannot be any guarantee against such Internet frauds, hacking and other actions. I/We shall separately evolve/evaluate all risks arising out of the same.
      3. Mistakes and Errors: The filling in of applicable data for transfer would require proper, accurate and complete details. In the event of my/our Investment Account receiving an incorrect credit by reason of a mistake committed by any third party, the concerned mutual fund/AMC or the bank shall be entitled to reverse the incorrect credit at any time whatsoever without my/our consent. I/We shall be liable and responsible to the Distribution Department/ concerned mutual fund /concerned AMC and accede to accept instructions without questions for any unfair or unjust gain obtained by me/us as a result of the same.
      4. Technology Risks The technology for enabling the transfer of funds and the other services offered as part of the Payment Facilities and the Distribution Department could be affected by virus or other malicious, destructive or corrupting code, program or macro. I/We understand that the site of the Distribution Department or the bank may require maintenance and during such time it may not be possible to process my/our request. This could result in delays in the processing of transactions/payment instructions or failure in the processing of transactions/payment instructions and other such failures and inability. I/We understand that the Distribution Department disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by the Distribution Department/bank/mutual funds/AMCS to process any transaction/payment instructions for whatsoever reason. I/We understand and accept that the Distribution Department/AMC/trustee company of the AMC, authorised registrars of the AMC shall not be responsible for any of the aforesaid risks.
      5. Limits: I/We are aware that the Distribution Department may from time to time impose maximum and minimum limits on funds that may be transferred by virtue of the Payment Facilities service provided. I/We realize and accept and agree that the same is to reduce my/our risks. I/We shall be bound by such limits imposed and shall strictly comply with them.
      6. Indemnity: I/We agree and undertake to indemnify the Distribution Department/mutual funds/AMCs/trustees to the AMCs/authorized registrar of the AMC from and against all losses and damages that may be caused as a consequence of breach of any of the terms and conditions relating to the Payment Facilities and the terms and conditions contained herein.
      7. Withdrawal of Payment Facilities: The Distribution Department shall be entitled to withdraw this service at any time without assigning any reason whatsoever.
      8. Binding nature of above terms and conditions: I/We agree that by use of the Payment Facilities, I/We shall be deemed to have agreed to all the above terms and conditions and such terms and conditions shall be bound on me/us in the same manner as if I/We have agreed to the same in writing.

  12. Role of the Distribution Department
    • I/We expressly agree and acknowledge that any information contained in the Distribution Department brochures or other materials or otherwise communicated by the Distribution Department shall not be construed by me/us as investment advice and that all decisions to purchase or sell units made by me/us shall be on the basis of my/our own personal judgment arrived at after due consideration. I/We understand and agree that the Distribution Department does not in any manner:
      1. Guarantee payments on any units; or
      2. Guarantee liquidity of any units; or
      3. Make any offer to buy back any units; or
      4. Guarantee the redemption or repayment of any units on maturity; or
      5. Guarantee the payments of interest or dividend; or
      6. Promise, indicate or guarantee any returns; or vii. Guarantee any good delivery.
    • I/We further understand and agree that the Distribution Department does not in any manner:
      1. subscribe to units of mutual funds on my/our behalf or in my/our name or collects payments from me/us for the units so purchased by me/us for remitting it further to the AMCs; or
      2. receive any account statement from mutual funds/AMCs, on my/our behalf or in my/our name pertaining to the units; or
      3. redeem /sell the units held by me/us on my/our behalf or in my/our name; or
      4. unilaterally instruct the mutual fund and/or the corresponding AMCs with regards to nomination/changes in investments plan/any other changes; or
      5. sign any document on my/our behalf or in my/our name for purchase, sale or redemption of units; or
      6. collect, receive and / or give receipts and discharges for any sum including dividend, interest or income arising from the units and does not sign and/or endorse dividend and interest warrants on my/our behalf or in my/our name; or
      7. correspond with or gives notice to the mutual fund/AMCs on my/our behalf or in my/our name, except for transmission of transactions done or purported to be done by me/us on the online technology platform.
    • I/We understand and acknowledge that the Distribution Department does not offer any advice and nothing herein or on the Website pertaining to the Distribution Department shall be construed as investment advice by me/us.
    • I/We understand that any sum invested through the Distribution Department Investment Account is not a deposit with the Distribution Department and is not bank insured. The same is not endorsed or guaranteed and does not constitute obligations of The Distribution Department or any of the subsidiaries associates or affiliates companies whose role in only as described in these terms and conditions. Investments in mutual fund are subject to investment risk, including the possible loss of principal amount invested. The value of my/our units will fluctuate. If I/We redeem my units/shares, I/We may receive more or less than I/We paid depending upon NAV of the units in the fund or trust at the time of redemption. Past results are not a guarantee to future performance. Past performance may or may not be sustained in the future.

  13. Correspondence
    • Any notice or other correspondence addressed by the Distribution Department to me/us may be addressed to the first holder above at the address given by me/us or as may be intimated from time to time. If according to me/us there is any discrepancy in the particular or details of my transaction or account of statement then I/We shall be obliged to intimate the same to the Distribution Department and to the concerned mutual fund/AMC/authorised registrar of the AMC in writing within 7 (seven) working days of the first holder receiving notice thereof, falling which such transaction, statement or account (as the case may be) shall be deemed to be correct and accepted by me/us and I/We shall not be entitled to question the correctness or accuracy thereof.

  14. Use of the Bharat Investment Website
    • I/We acknowledge that in accessing and using the Investment Services offered by the Distribution Department, I/We may utilize the content and services offered on the Websites. I/We agree to follow the terms and conditions for the use of such Websites as may be specified on such Websites from time to time (“Website Terms”). Notwithstanding such acceptance of the Website Terms, I/We agree to the following:
      1. I/We agree that all information, content, materials, products (including, but not limited to text, content, photographs, graphics, video and audio content) on the Websites is protected by copyright in the favour of Bharat Investment under applicable copyright laws and is also protected otherwise under general intellectual property law.
      2. I/We agree that all information submitted by me/us to Bharat Investment whether through the Websites or otherwise shall be deemed to be the property of Bharat Investment, and Bharat Investment shall be free to use any ideas, concepts, know‐ how or techniques provided by me/us at the Websites, in any manner whatsoever.
      3. I/We agree not to copy, reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, transmit, license, create derivatives from, transfer or in any way exploit any part of any information, content, materials, services available from or through the Websites, except that which I/We may download for my/our own personal, non‐commercial use.
      4. I/We agree that I/we will not use Websites for any purpose that is unlawful, or prohibited by these Terms. I/We also agree that I/we will not use Websites in any manner that could damage, disable or impair Websites or interfere with any other person’s use or enjoyment of Websites.
      5. I/We agree that the software and hardware underlying Websites as well as other internet related software which are required for accessing the Website are the legal property of the respective Vendors. The permission given by Bharat Investment to access the Websites will not convey any proprietary or ownership rights in the above software/ hardware. I/We agree that I/We shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software/ hardware underlying the Website or create any derivative product based on the software / hardware.
      6. I/We agree that not all the products and services offered on Websites are available in all geographic areas and I/We may not be eligible for all the products or services offered by Bharat Investment on the Websites. Bharat Investment reserves the right to determine the availability and eligibility for any product or service.
      7. I/We agree that Bharat Investment/AMC is not responsible for the availability of content or other services on third party sites linked from the Websites. I/We are aware that access of hyperlinks to other internet sites are at my/ our own risk and the content, accuracy, opinions expressed, and other links provided by these sites are not verified, monitored or endorsed by Bharat Investment in any way. Bharat Investment does not make any warranties and expressly disclaims all warranties express or implied, including without limitation, those of merchantability and fitness for a particular purpose, title or noninfringement with respect to any information or services or products that are available or advertised or sold through these third party websites.
      8. I/We agree that Bharat Investment has the absolute discretion to amend or supplement any of the Website Terms at any time without prior notice for such changes. I/We agree that the information and assistance provided on the Websites are true to the knowledge of Bharat Investment and should not be construed as investment advice, and that Bharat Investment shall have no liability for any discrepancy in any such information or assistance.
      9. I/We agree that an Investment Account may be created offline, without accessing the Websites. In the event I/We create an Investment Account offline, I/We understand and acknowledge that these terms and conditions and the terms and conditions of use of the Websites will continue to be applicable to me/us for the use of the Investment Services.

  15. Customer Information
    • I/We agree to provide any and all information that may be required by the Distribution Department/AMC/authorised service providers of the AMC from time to time in compliance with existing legal norms and regulations, including but not limited to contact information, address and tax‐related information and any information required under existing or future KYC norms and laws.
    • I/We agree that the Distribution Department/AMC/authorized service providers of the AMC may take steps to verify the veracity of such information provided by me/us and I/We agree to co‐operate with the Distribution Department/AMC/authorized service providers of AMC in providing all information requested by the Distribution Department.
    • I/We acknowledge that failure to provide such information in a timely manner may result in my/our ineligibility to avail of some or all of the services of the Distribution Department and that the Distribution Department/AMC/Trustees of AMC shall in no way be held liable for any losses of whatsoever nature resulting from such failure to provide information on my/our part.
    • I/We agree that any information provided by me may be required to be shared with relevant regulatory / statutory authorities and I authorise the Distribution Department to provide all information to such regulatory / statutory authorities as and when required.
    • I / We, agree that the customer information provided by me / us can be used for other purposes within the Distribution Department, and I / we, have no objections to the same.

  16. My / Our obligations are to
    • Ensure that the money I / we, invest is from my bank account (primary holder's bank account in case of Investment Account held jointly), is from legitimate sources and is remitted through approved banking channels.
    • Keep my / our Login Credentials safe and secret. Promptly change my Login Credentials and inform the Distribution Department of any actual or suspected unauthorised use of my Login Credentials.
    • Make an informed investment decision by reading the Offer Documents* of the mutual fund schemes that I / we am/ are investing in.
    • Seek independent financial planning, legal, accounting, tax or other professional advice before investing or withdrawing.

  17. Termination
    • I/We agree that the Distribution Department may terminate the Investment Services for any such reasons as it deems fit, including non-compliance with the Terms & Conditions, inactivity, dormancy of account, death, insolvency, bankruptcy, other causes arising out of the operation of law, by giving 30 days prior notice in writing to the Registered Customer provided that the Registered Customer shall not be relieved of obligations hereunder, notwithstanding such termination, incurred prior to the date on which such termination shall become effective.

  18. Governing Law and Jurisdiction Clause
    • All disputes and differences arising out of, under or in connection with these terms and conditions or anything done hereunder shall be within the exclusive jurisdiction only to the courts of Ahmedabad. These terms and conditions are subject to and shall be construed in accordance with the laws prevalent in India.


Advisory Services Agreement

This document is a legal contract between the Advisory Department and me ("Advisory Services Agreement"). By executing the Advisory Services Agreement, I acknowledge:

  • That I have understood the nature and scope of services provided by the Advisory Department.
  • That the services rendered by the Advisory Department are subject to the Investment Services Agreement.
  • That my identity on the Website is authenticated by the use of my Login Credentials and that the Advisory Department will actions authenticated by my Login Credentials to have originated from me.

  1. Advisory Services
    • We hereby agree to avail the service of investment advisory through the Advisory Department, the separately identifiable department of Bharat Investment, in accordance with the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, on the terms and conditions mentioned herein (“Advisory Services”). I/We agree that the Advisory Department may at its sole discretion vary the terms and conditions or withdraw any of the facilities provided herein from time to time.

  2. Registration
    • Only those customers who have a registered Investment Account with Bharat Investment (“Registered Customer”) or intend to become a Registered Customer may register with the Advisory Department and avail access to the Advisory Services of the Advisory Department.

  3. Charges and Fees
    • The Advisory Department shall receive remuneration for services rendered to me/us as per the terms of this Agreement as well as reimbursement of costs and expenses, as more particularly described in the fees schedule attached to the agreement.

  4. Role of the Advisory Department
    • I/We understand and agree that the Advisory Department:
      1. Shall ensure that it shall disclose to me/us all conflicts of interest, including any conflicts of interest of the Advisory Department with other activities of Bharat Investment, as and when they arise.
      2. Shall not receive any consideration by way of remuneration or compensation or in any other form from any person other than its clients in respect of the underlying products or securities for which advice is provided.
      3. Shall disclose to me/us any consideration by way of remuneration or compensation or in any other form whatsoever, received or receivable by it or any of its associates or subsidiaries for any distribution or execution services in respect of the products or securities for which the investment advice is provided to the me/us.
      4. Shall maintain confidentiality of all information provided by me/us subject to the provisions of clause 6 herein.
      5. Shall follow all applicable know your client procedures and other risk profiling and suitability assessment requirements as required within this agreement and in accordance with any rules and regulations that may be applicable.
    • I/We further understand and agree that:
      1. I/we are not under any obligation to avail the distribution or execution services that are offered by other departments of Bharat Investment.
      2. All fees and charges to be paid by me/us to any other departments of Bharat Investment, including those that provide distribution or execution services, shall be paid directly to those departments and not through the Advisory Department.

  5. Liability of the Advisory Department
    • The Advisory Department shall not, in absence of gross negligence on the part of the Advisory Department, be liable to me/us for any act or omission or for any claims which I/We may suffer or incur as a result of or in course or discharge of the Advisory Departments’ duties by the Advisory Department or its employees, officers, directors, nominee or agent.

  6. KYC and management of information by the Advisory Department
    • I/We agree to provide any and all information that may be required by the Advisory Department from time to time in compliance with existing legal norms and regulations, including but not limited to contact information, address and tax‐related information and any information required under existing or future KYC norms and laws. I / We agree that the Advisory Department may collect such information from a Know Your Client Registration Agency (“KRA”) as well.
    • I/We agree that the Advisory Department may take steps to verify the veracity of such information provided by me/us and I/We agree to co‐operate with the Advisory Department in providing all information requested by them.
    • I/We acknowledge that failure to provide such information in a timely manner may result in my/our ineligibility to avail of some or all of the services of the Advisory Department and that the Advisory Department shall in no way be held liable for any losses of whatsoever nature resulting from such failure to provide information on my/our part.
    • I/We agree that any information provided by me may be required to be shared with relevant regulatory / statutory authorities and I authorise the Advisory Department to provide all information to such regulatory / statutory authorities as and when required.
    • I / We agree that any information that the Advisory Department collects from a KRA regarding me/us may be shared with other departments of Bharat Investment for the purposes of the Terms &Conditions and that this shall not be done for commercial gain. I/we further understand that such other departments are part of the same entity, i.e., Bharat Investment, and not associates or affiliates of Bharat Investment.

  7. Termination
    The Advisory Department may terminate the Advisory Services by giving 30 days prior notice in writing to the Registered Customer provided that the Registered Customer shall not be relived of obligations hereunder notwithstanding such termination incurred prior to the date on which such termination shall become effective.

  8. Governing Law and Jurisdiction Clause
    All disputes and differences arising out of, under or in connection with these terms and conditions or anything done hereunder shall be within the exclusive jurisdiction only to the courts of Ahmedabad. The terms and conditions are subject to and shall be construed in accordance with the laws prevalent in India.

Schedule

Fees and Charges

Kindly visit our Financial Planning section to know about fees and charges for various services provided by us.