Online Wealth Platform facility is offered by Aditya Birla Finance Limited (ABFL) under the brand Aditya Birla Wealth Management (ABWM) (Wealth Management Undertaking transferred from Aditya Birla Money Mart Limited to Aditya Birla Finance Limited under scheme of Arrangement, approved by Hon’ble High Court of Gujarat vide order dated November 24, 2016) to enable its customers to carry out on its website on line transactions in the units of the mutual funds.
The Online Wealth Platform facility is being enabled through a third party service provider who has entered into
necessary agreements and link up with Banks for offering various facilities through the internet, which facilitates
and service, including Net Banking and settlement facilities in respect of payment instructions initiated by the
Investors using Online Banking Account. Accordingly, Wealth Platform facility is available to those investors who
hold bank account with these banks and have availed the facility for online payments / Net Banking.
This facility is made available with respect to select Mutual Funds only, with whom ABFL has entered into a
separate arrangement and accordingly provides online Platform to deal in the units of the scheme of these
mutual funds that are existing / launched / offered by them from time to time
By subscribing for the Wealth Platform facility, you agree and accept to abide and be bound by these terms and
conditions. You further agree to execute all the necessary documents which may be needed from time to time to
permit ABFL to send the necessary dealing details to the Mutual Funds / their authorised Registrar & Transfer
Agent (RTA) to give effect to the dealings made through Wealth Platform.
1. Registration
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i. The Registration to the Wealth Platform facility is subject to the satisfactory completion Wealth Platform registration form and submission of all mandatory documents and valid Permanent Account Number (“PAN”) and its subsequent verification.
ii. You shall provide ABFL with a copy of valid PAN or other details as may be prescribed by ABFL and ABFL will further get these details verified with the Central Depository Services (India) Limited (CVL) or any other authority that may be appointed for providing KYC verification from time to time.
iii. You agree that ABFL shall submit all the KYC Documents/investor related documents to the respective Mutual Funds/Asset Management Companies in terms of SEBI Circular SEBI/IMD/CIR No.12 /186868 /2009 dated December 11, 2009 or as per the regulatory requirement notified from time to time.
iv. Once ABFL gets a confirmation from CVL or any other relevant authority with respect to PAN and other details
of such customers as required for the purpose of KYC, ABFL shall provide the registration for Online Wealth Platform – invest facility and shall communicate the user ID and password on the mobile number provided in Wealth Platform registration form.
v. You agree and unconditionally confirm that you shall be solely responsible to ensure protection and
confidentiality of the user ID and password and any disclosure thereof shall be entirely at your risk and accept the
sole responsibility to maintain the secrecy of all information of confidential nature and shall ensure that the same
is not disclosed to any other person.
vi. You agree that ABFL may suspend / cancel / terminate the registration or all the services provided for the purpose of dealing, without liability, in whole or in part, at any time without prior notice if you do not comply with any of these Terms or any modifications thereof.
2. General Conditions
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i. You grant authority to ABFL for giving effect to dealing requests made by you through the Wealth Platform
authenticated by the user ID and password and authorise ABFL to execute your instructions with regards to
purchase /redemption / switch/sell or other transactions/ activities in respect of mutual funds on your behalf, as
may be instructed by you from time to time, on the terms and conditions mentioned herein.
ii. You agree and confirm that ABFL and/or its authorised representatives is not in a position to verify that the
dealings are indeed undertaken by you at the time of dealing through the Wealth Platform and ABFL shall be not
held responsible for any transactions arising out of the misuse of the password by any person other than you.
iii. You shall be responsible for the systems used by you with respect to dealings with ABFL and for various
security measures which you have to take to prevent unauthorised access to details relating to the dealing with
ABFL through the Wealth Platform, and ABFL shall not be liable for any such unauthorised access.
iv. You agree and consent to the transmission of data by electronic means through the Wealth Platform with
respect to dealing with ABFL.
v. You agree that the data provided by you pursuant to dealing with ABFL could be shared by ABFL with its
authorised agents, representatives, affiliates, group companies and subsidiaries.
vi. You agree that submission of a transaction request through the Wealth Platform shall not be deemed to be
acceptance of the transaction by Mutual Funds or its RTA and the transaction could be rejected if does not
comply with the provisions of the Scheme Information Document of the respective Mutual Fund or for any other
reason which ABFL/its authorised representatives/Mutual Funds/RTA deems fit.
vii. ABFL does not guarantee any returns on investments made in Mutual Fund scheme(s).
viii. Investments in Mutual Funds are subject to market and other risk. You are advised to read the Scheme
Information Document and Statement of Additional Information carefully for details on risk factor / terms and
conditions before investing.
ix. The transactions carried out through the Wealth Platform in Units of various schemes offered by the Mutual
Funds shall be subject to the provisions contained in the respective Scheme Information Document and
Statement of Additional Information or any addendum thereto.
x. You agree to comply with KYC (Know your Client/Customer) requirements as required to be complied with in
order to use the Online Wealth Platform – invest facility, SEBI Act 1992, Prevention of Money Laundering Act,
2002, all laws and regulations including but not limited to the Foreign Exchange Management Act, Reserve Bank
of India (RBI) guidelines, to the extent applicable for availing this services.
xi. You agree to pay the transaction fees / service charges as specified on the website from time to time, which is
subject to change without any prior intimation.
xii. You acknowledge that dealing through the Wealth Platform will be at your own risks. You shall solely be
responsible to evaluate all the risks arising out of the same.
The risks would, inter alia include:
Internet frauds - The Wealth Platform may be susceptible to number of frauds, misuse, phishing, hacking and
other actions, which could affect instructions sent to ABFL/its authorised representatives. There cannot be any
guarantee from such internet frauds, phishing, hacking and other actions.
The susceptibility of the Wealth Platform to virus(es) or other malicious, destructive or corrupting codes or
programs.
3. Transaction Processing & Conditions
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i. The on line requests will be executed based on the instructions of customers registered for Online Wealth
Platform - invest facility. Registered customers can only Purchase, Redeem and Switch Mutual Fund units
through this facility.
ii. You agree and confirm that all the authorised and complete transactions will be processed at the applicable
NAV (as defined in the Scheme Information Document of respective schemes of Mutual Funds) subject to receipt
of funds and acceptance of your transaction by the Mutual Funds.
iii. You agree not to hold ABFL liable for any loss that may arise to you as a result of the incorrect NAV applied on
units allotted to you by the Mutual Fund.
iv. The money debited from your Bank Account shall be collected in the pool account of the third party service
provider and from there it will be credited / transferred to the respective Mutual Funds either on the same day (in
case the order is placed before the cut off time) or the next working day (in case the order is placed after the cut
off time). Hence, You agree, understand and acknowledge that there would be an interim time lag in transferring /
crediting the money from the pool account of the third party service provider to the respective Mutual Fund.
v. You agree that when subscription for mutual fund units are remitted through joint bank accounts of investors,
the default option for applying for mutual funds unit would be in the joint names of all the account holders of the
bank account. You also have an option to apply for units in single name of any one or more names of the joint
account holders of the bank account with nomination facility.
vi. The units of the schemes shall be allotted, redeemed or switched, as the case may be, at the Net Asset Value
(NAV) prevalent on the date of the transaction request by the Mutual fund, if the request for purchase,
redemption or switch is placed before the cut-off time.
vii. You agree that any transaction request falling due on a holiday or after the cut off time would be processed on
the next working day and respective NAV would be applicable as per the Mutual Fund's Scheme Information
Document.
viii. Cut of time for the purpose of this facility means 1130 hrs Indian Standard Time for liquid schemes and 1300
hrs Indian Standard Time for other schemes. Holidays means banking holidays as applicable in Mumbai, India.
The transactions once placed cannot be cancelled.
ix. The cut-off timing mentioned above is prior to the statutory cut-off timing specified under the SEBI Regulations
and the Scheme Information Document for operational convenience.
x. ABFL does not take any responsibility for any delay in acceptance / execution or non-execution / rejection of
the order by the AMC. ABFL will be informed by the Mutual Funds for the rejection and customer will be informed
accordingly.
xi. You agree that there may be a time lag between the time a transaction is completed and before the same is
updated in the records of ABFL/its authorised representatives. There may be a possibility of variances in values
arising out of delayed data feeds, transmission losses in electronic data etc. for which ABFL/its authorised
representatives shall not be liable.
xii. You agree to maintain clear balance in your Bank Account at all times to cover the purchase price and other
costs and charges / quantity of units. You are advised to check your daily fund transfer limits with your Bank
before placing the purchase transaction / units held in the particular scheme before placing a redemption request.
xiii. In absence of sufficient funds (in case of purchase) / lesser quantity of units (in case of sell/ switch), ABFL
shall not be responsible for the non execution / rejection of your instructions.
xiv. You agree that the payment for the transaction undertaken by the you through the Wealth Platform will be
facilitated through a payment gateway and ABFL/its authorised representatives will not be liable for any failures in
the link or for any fraud (either payment gateway’s and/or bank’s end) that could take place at the time of at the
time of making payment and you shall inform ABFL/its authorised representatives immediately if the your bank
account is debited and wherein corresponding Units have not been allotted.
xv. In case of rejection of your purchase request by the mutual fund, the amount will be credited into your bank
account only after the receipt of the refund from the relevant Mutual Fund.
xvi. Redemption proceeds and dividend payouts shall get credited directly by the AMC into your bank account
provided at the time of registration for Online Wealth Platform –invest facility. Provided, the bank account
provided by you is from the list of banks with which the Mutual Fund has a direct credit arrangement. The list of
such banks is mentioned in the Scheme Information Document or Key Information Memorandum (KIM) cum
common application form of the respective Mutual Fund.
xvii. All the purchase transactions pertaining to mutual funds made on the website shall be allotted an online folio
number and you will get the transaction account statement in electronic format.
xviii. You agree and acknowledge that transactions done through Online Wealth Platform facility will be tagged
with the Broker Code of ABFL and not treated as Direct.
xix. Further, only the Units purchased through on line mode on Online Wealth Platform - Invest can be redeemed
through Online Wealth Platform - Invest.
xx. Notwithstanding anything contained herein, you have unfettered and unrestricted access to Mutual Fund/AMC
and you may approach the Mutual Fund/AMC directly any time.
xxi. You can get the online folio mode converted to an off-line folio mode any time through a duly signed written
request, and submitting such other documents as may be specified by the concerned Mutual Fund and their
subsequent confirmation.
xxii. You can also convert existing offline folio to an online folio by giving a duly signed written request to convert
such existing folio into online folio to Mutual Funds / ABFL in the specified format after its subsequent
confirmation by the Mutual Fund to ABFL.
xxiii. In the event of the termination of the agreement of ABFL with the Mutual Fund, you would not be allowed to
execute through the website any transaction including but not limited to a transaction for Purchase, Redemption,
etc of the Units of that Mutual Fund. ABFL shall make available all your details to the Mutual Fund, as are
required by them to enable you to transact through the alternate method (Offline mode) with the Mutual Funds.
xxiv. You agree that ABFL is offering Wealth Platform through its brand ABWM and is eligible to collect
transaction / service charges from you as specified on the website and that you agree to pay the same. The
service charge is subject to change without prior notice and you consent to such changes, which may be made in
future. You agree and understand that the ABFL’s charges/ fees are in addition to those levied by the Mutual
funds and are non refundable. There may be applicable exit load/any other charge levied by the Mutual Funds
will be chargeable in accordance with the Scheme Information Documents.
xxv. Investments from residents in the United States of America and Canada are not permitted in certain mutual
funds. ABFL shall not be liable for rejections of such applications by Mutual Funds, where investor is an US and
Canada resident.
xxvi. In case you are a NRI, you shall agree to submit a copy of a Foreign Inward Remittance Certificate ("FIRC")
from the concerned authorized dealer/bank, in the event the funds for such Transaction/s are made from a Non
Resident External (“NRE”) account.
xxvii. This Facility is not offered nor is the Fund managed or intended to serve as a vehicle for frequent trading
that seeks to take advantage of short term fluctuations in the market, hence you agree and acknowledge that the
Mutual Funds or its authorised registrar in it’s sole discretion may reject any purchase or exchange of Unit that it
reasonably believes may represent a pattern of market timing activity involving the funds of the Mutual Fund.
xxviii. Instructions for Nomination.
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1. In case of more than one nominee, please obtain application form provided by the AMCs and fill nomination
details therein.
2. The nomination can be made only by individuals applying for/holding units on their own behalf singly or jointly.
Non-individuals including society, trust, body corporate, partnership firm, karta of Hindu undivided family, holder
of Power of Attorney cannot nominate. If the units are held jointly, all joint holders will sign the nomination form.
3. A minor can be nominated and in that event, the name and address of the guardian of the minor nominee shall
be provided by the unitholder. Nomination can also be in favour of the Central Government, State Government, a
local authority, any person designated by virtue of his office or a religious or charitable trust.
4. The Nominee shall not be a trust, other than a religious or charitable trust, society, body corporate, partnership
firm, karta of Hindu undivided family or a Power of Attorney holder. A non-resident Indian can be a Nominee
subject to the exchange controls in force, from time to time.
5. Nomination in respect of the units stands rescinded upon the transfer of units.
6. Transfer of units in favour of a Nominee shall be valid discharge by the asset management company against
the legal heir.
7. The cancellation of nomination can be made only by those individuals who hold units on their own behalf singly
or jointly and who made the original nomination.
8. On cancellation of the nomination, the nomination shall stand rescinded and the asset management company
shall not be under any obligation to transfer the units in favour of the Nominee.
4. Indemnification
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i. You agree to keep indemnified and hold ABFL/ its authorised representatives and its 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 using Online Wealth PLatform facility /
dealing with ABFL and/or doing and/or omitting to do anything in accordance with the Terms specified herein or
any instructions relating to the dealing with ABFL other than liabilities caused as a direct result of ABFL’s
negligence, knowing default, fraud or breach of the relevant applicable rules or of these Terms.
ii. You agree that ABFL is not liable for any loss caused through a fall in value of investments / NAV etc which
can go up or down depending on the factors and forces affecting capital markets or any indirect, special or
consequential loss you might suffer.
iii. You agree not to hold ABFL liable for any loss or damage caused by reason of failure / refusal or delay of the
mutual fund to deliver any units purchased even though payment have been effected for the same or failure /
refusal or delay in making payment in respect of any units sold though they may have been delivered and you
shall save ABFL harmless and free from any claim in respect thereof. ABFL shall also not be liable for any delay,
failure or refusal of the Mutual Funds or its authorised agent / RTA in registering or transferring units to your
names of for any interest, dividend or other loss caused to you arising therefrom. ABFL shall not be liable for any
delay / refusal / non-payment of any proceeds on redemption or dividend payouts by the Mutual Funds to your
accounts for any reason whatsoever.
iv. You agree and undertake not to hold ABFL/its authorised representatives liable for the following:
- any delay or failure in processing the transactions carried out by the you due to any system failure or for any other reason whatsoever.
- for any loss or damage incurred or suffered by you 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 you including failure to comply with the KYC or provision of a valid PAN.
- for any breach or non-compliance by you of these Terms.
- for not permitting you to deal with ABFL after such reasonable verification as ABFL/its authorised representatives may deem fit.
- for permitting any person who provides ABFL/its authorised representatives with the password to deal with ABFL. ABFL/its authorised representatives shall be under no obligation to further ascertain your identification at the time of dealing with ABFL.
- for any loss or damage incurred or suffered by you due to withdrawal or termination or suspension of the dealing facility by ABFL arising from or caused by any reason whatsoever.
v. You agree that this undertaking shall be valid until such time you have not expressly informed ABFL in writing that you do not wish to deal with ABFL any longer and it shall be also valid in respect of any claims made on
account of or relating to your dealing with ABFL.
vi. If the foregoing limitation is held to be unenforceable, the maximum liability of ABFL and its service providers to you shall not exceed the amount of fees / service charges paid by you for availing the services through the
Website.
5. Suspension & Termination
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i. ABWM may, at its sole discretion, at any time suspend / disallow the facility for such reason and for such time
period as it may deem fit like inactive / dormant user id, non-compliance of the terms stated herein, death,
insolvency, bankruptcy of the investor, any other cause arising out of the operation of law or such other reason as
ABWM deems proper.
ii. ABFL may terminate this facility by giving you one month’s intimation. You may terminate dealing with ABWM
at any time by giving prior written notice to ABFL/its authorised representatives or deactivation of your user id and
password.
iii. In the event of termination for any reason whatsoever, ABFL shall be entitled to recover all outstanding
charges and dues from you, if any.
iv. In case you cease to be a customer of ABWM, then the ABWM shall provide all your details to the Mutual
Fund and as are required by them for the protection of your interest as a Unit holder and to enable you to
transact with them through the Offline mode. Notwithstanding anything stated above, kindly note that you have
unfettered and unrestricted access to Mutual Fund/AMC and you may approach the Mutual Fund/AMC directly
any time.
6. Amendments
ABFL may amend these terms and conditions for such reason as deem fit and proper including but not limited to comply with changes in law or regulation, correct inaccuracies, omissions, errors or ambiguities, reflect changes in the process flow, scope and nature of the services, company re-organisation, market practice or customer requirements.
7. Intellectual Property Rights
The intellectual property in all material provided on the website (excluding any applicable third party materials) is held by ABFL unless otherwise stated. Except as expressly permitted herein or on the website, none of the material provided on the website may be copied, reproduced, distributed, republished, downloaded, displayed,
posted, transferred or transmitted in any form or by any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of ABFL. Further, you shall not transfer, reverse engineer, decompile, disassemble, modify or create derivate works based on the materials provided on the Website except as permitted herein or by law.
The copyright, trademarks, service marks, registered designs, database rights, patents and all similar rights in and relating to the website arising or subsisting in any country in the world and the information contained in it are owned by ABFL, its licensors or relevant third party content providers. Nothing on the website should be construed as granting, by implication, estoppel or otherwise, any license or right to use any trademark displayed on the website without the written permission of ABFL or its relevant affiliate.
You also agree not to use any information available on ABFL website for any unlawful purpose, and you shall comply with any request of ABFL or any of the third party providers to protect their respective rights in the information.
8. Disclaimer
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i. The data, reports and information provided on the website of ABFL does not constitute an investment advice
and therefore should not be relied upon while taking investment decisions. You are therefore advised to obtain
applicable legal, accounting, tax or other professional advice or services before taking an Investment decision.
ii. This service does not constitute an offer to buy or to sale or a solicitation to any person in any jurisdiction
where it is unlawful to make such an offer or solicitation.
iii. ABFL is not responsible for any omissions, errors or investment consequences arising from the use of this
material available on the website of ABFL by you.
iv. Whilst every reasonable precaution has been taken to ensure the accuracy, security and confidentiality of data
and information available through the Wealth Platform, ABFL shall not be held responsible for any consequence
of any action carried out by you.
v. ABFL may suspend or withdraw Wealth Platform at any time, and you acknowledge that the Online Wealth
Platform is also subject to interruption for reasons beyond ABFL’s control.
vi. Online Wealth Platform – invest facility is linked to the backend infrastructure of a third party service provider /
Bank etc. You acknowledge and agree that ABFL’s Website and the linked the backend infrastructure may be
inaccessible and/or unavailable at times. In such an event ABFL will not be liable for any damage, liability, action,
cause of action, suit, claim, demand, loss, cost, and expense arising directly or indirectly from or in connection
with such system inaccessibility and/or unavailability.
vii. ABFL makes no express or implied warranty:
- a. that the dealing with ABFL through the Wealth Platform will be uninterrupted or free from errors or that any identified defect will be corrected;
- b. that the Wealth Platform service is free from any virus or other malicious, destructive or corrupting code, program;
- c. in relation to non-infringement of any third party rights, merchantability, satisfactory quality or fitness for a particular purpose.
viii. ABFL shall not be liable for any loss or damage or other consequences arising from any suspension,
breakdown, withdrawal, interruption, technical flaw, the presence of virus or other malicious, destructive or
corrupting code, programs over the Wealth Platform or otherwise and any consequent delay or failure in
completion of any payment or other instructions as a consequence thereof arising from the use or inability to use
the Wealth Platform.
ix. ABFL shall not be liable for any failure to perform any of its obligations or service standards etc if the
performance is prevented, hindered or delayed by a Force Majeure Event, which includes any event due to any
cause beyond the reasonable control of ABFL including, without limitation, unavailability of any communication
system including Internet, breach or virus in the processes or payment mechanism, sabotage, fire, flood,
explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of
government, computer hacking, unauthorized access to computer data and storage devices, computer crashes,
breach of security and encryption codes.
9. Confidentiality
ABFL shall make reasonable efforts to keep all the information relating your dealing with ABFL confidential. Provided however that ABFL shall be entitled to disclose any information or particulars pertaining to you to any authority, statutory or otherwise as may be required by law or third party service provider required to effect the transactions requested by you.
10. Governing Law and Jurisdiction
In case of any dispute, either judicial or quasi-judicial the same will be subject to the exclusive jurisdiction of the courts in Mumbai. These terms shall be construed in accordance with the laws prevalent in India and are subject to SEBI guidelines, circulars, press releases or notifications that may be issued by SEBI from time to time or the Government of India, to regulate the activities of mutual fund Distributors.
11. Additional Terms & Conditions for Wrap Facility
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i. Investor can use their own discretion in selection of Schemes other than those covered under WRAP. Hence,
the suggested Schemes are not obligatory.
ii. ABFL does not guarantee the suitability of Scheme selection under WRAP and is purely recommendatory in
nature. The recommendations offered by ABFL are for investor’s guidance only and investor is under no
obligation or compulsion to act on them. The provision of recommendations will not in any way mean and be
construed as ABFL or any of its employees/authorised representative having been in any way involved in your
decision making process.
iii. The investment decision, if any, will be taken by you in your sole and absolute discretion. You are advised to
consult your own legal, tax or financial advisor before making an investment decision.
iv. ABFL shall carry out investments in the selected set of Mutual Fund Schemes as per investor’s discretion.
ABFL under no circumstances accepts or agrees to accept funds for management (either at its own discretion or
discretion of the investor) from the customer. Neither should WRAP facility be construed as advisory services.
The facility is purely a quantitative tool facilitating selection of Mutual Fund Schemes based on investors’
discretion. The services therefore cannot be in any manner termed or construed as management of your
portfolio/funds.
v. You agree to pay the transaction charges for availing WRAP facility as specified on the website from time to
time and the same are subject to change without any prior intimation.
12. Terms & Conditions for Online Systematic Investment Plan (SIP) through ECS/NACH Mandate
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i. You understand and acknowledge that there could be a minimum time gap of at least 30 days from the date of
submission of physical mandate to ABFL, to enable the activation / registration of online SIP facility, subject to
the successful validation of the mandate by the Banks. Likewise there shall be a minimum gap of at least 30 days
from the date of receipt of SIP deactivation mandate by ABFL and last investment made under SIP.
ii. Upon successful registration of mandate, you can start the online SIP facility for making investment in mutual
funds a fixed amount of money at a fixed frequency of time based on your convenience and choice.
iii. You grant Authority to ABFL / its authorized transaction and payment processing service provider (third party
service provider) to debit your registered Bank Account through NACH mechanism to enable the collection of the
SIP instalments and transferring to the respective AMC’s bank account.
iv. You agree and acknowledge that in order to enable you to get the NAV on the SIP date (T date) chosen by
you, debit of the SIP amount from your Bank Account shall happen few days prior to the SIP date (T). e.g. T-2, T-
4 etc., depending upon ECS debit cycle of your Bank, which could vary from location to location, as per RBI’s
ECS mechanism. You understand and acknowledge that, ABFL/ its third party service shall do a backward
calculation from T date and depending upon RBI’s ECS debit cycle, your account will be debited on T - no. of
days, such that on T date (SIP day), the funds reach the respective AMC’s Bank account and the transaction
data reach the respective registrar of AMC, to enable them to allot units as per NAV on T date.
v. You agree and shall ensure to keep sufficient funds available in your Bank account at least 7 days prior to SIP
date (T date). You understand and acknowledge that SIP instalment and allotment of units shall be subject to
realization of funds. You shall not hold ABFL/its third party Service Provider liable, in case the SIP instalment
process could not be completed due to insufficient funds in your Bank account on any particular ECS debit cycle
date i.e on T – no. of days. In such case, the SIP instalment shall lapse for that T of the month/quarter/half
year/year as the case may be.
vi. You agree, understand and acknowledge that in the entire process there would be an interim time lag in
debiting the money from your Bank Account and the actual transferring / crediting to the respective AMC’s Bank
account, as the money after the debited from your Bank Account shall be lying in the ECS/NACH debit cycle and
/ or third party pool account, before the actual transfer of funds to AMC’s bank account on SIP date.
vii. You can view the units allotted by AMC/registrar on the next day of SIP date (i.e. SIP day + 1 working day).
13. Disclosure:
i. In accordance with the extant regulations (SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09) following are the details of the comparative commission earned by ABFL from various fund-houses, whose products are being distributed:
Upfront
|
Annualized Trail
|
Min
|
Max
|
Min
|
Max
|
0
|
1
|
0
|
2
|
These are derived rates to be received from the Asset Management Companies (AMCs).
ABFL also gets the following reimbursements and income from AMCs towards promotion and marketing related activities conducted by ABFL on behalf of AMCs. These reimbursements are event based and the same may or may not be received from AMCs in a particular period. Further, since such activities may be carried out at AMC level, reimbursement amount received cannot be attributed to any specific scheme being offered by such AMC.
14. Conflict of Interest:
Aditya Birla Finance Limited is, as per SEBI (Mutual Funds) Regulations, an associate / group Company of Birla Sun Life Asset Management Company Limited and Trustees and Sponsor of Birla Sun Life Mutual Fund (BSLMF)
and to that extent there may be conflict of interest while acting as a distributor or recommending any schemes of BSLMF. However any such recommendation or reference made is based on the standard evaluation and
selection process, which applies uniformly for all Mutual Fund Schemes. The payment of commission (upfront / annualized & trail) for any Schemes by BSLMF to ABFL is also at arm’s length and as per prevailing market
practices.