Terms and Conditions
This document is an electronic contract between Davos Finservices Private limited ("Company" “We” “Us” “Our”) having its corporate offices at Mumbai and you (“Client” “You” “User” “Your”) which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include your heirs, executors, administrators and legal representatives. You agree to comply with Terms and conditions of the website. We may revise these Terms from time to time at our discretion. Such changes will be posted on the website for your reference so as to enable you to understand your responsibility as a client. Company reserves the right to discontinue or modify any or all products or service at any time without notice.
This agreement governs your use of the websites, content and community services offered through www.Robocapital.in or any other domain name offering our products or services (hereafter called “site” "website"). You (the user) agree to access "website", subject to the terms and conditions of use as set out here. Your use of the Site after any amendment to the Terms of Service shall constitute your acceptance of these terms and you also agree to be bound by any such changes/revisions.
User account and access
For certain services user is required to register by opening an account by completing the registration process where you also will choose a password and/or a username. You are entirely responsible for maintaining the confidentiality of your password and account. Each registration is for a single individual user only and under no circumstance the content should be shared with multiple users. You agree to inform the company immediately of any unauthorized use of your account or any other breach of security. Company will not be liable for any loss that you may incur as a result of someone else using your account. However, you may be held liable for losses incurred by company or third party due to someone else using your account.
Declaration by Client
You agree that the website may use any platform to route your mutual fund transactions including any proprietary platform but not limited to platform of MF Utilities India Private Limited (“MFUI” or "MFU") or “BSE STAR MF” platform or “NMF II” platform from National stock exchange. You agree to be bound by terms and conditions of respective platform for execution of transactions.
Any communication on the Portal shall not be considered a solicitation to buy or an offer to sell, or a recommendation for any other product or service or shares or any security, to any person in any jurisdiction where such communication would be unlawful under the laws of that jurisdiction. You agree to read and understood the contents of all the scheme related documents including but not limited to Statement of Additional Information and Scheme Information Document, Key Information Memorandum (KIM) before making the investment and that you satisfied yourself about appropriateness of investment as per your investment objective.
I understand that Mutual fund and Securities are subject to market risks and there can be no assurance of returns and that the objectives of the schemes may not be achieved. You further agree that all the commissions (in the form of trail commission or any other mode), payable to us for the different Schemes of various Mutual Funds have been disclosed to you.
You agree and confirm that the KYC and other personal details provided by you will be correct and accurate. You agree and authorise us to submit required personal/ KYC data/documents to the respective Mutual Funds, Asset Management Companies and/ or their Registrar and Transfer Agents. You agree that signature available in the KRA records would be used for signature verification for processing any request made by you through the Website.
You agree that your Account may be terminated or kept on hold without prior notice if you do not comply with any of our Terms or at our discretion.
Mutual fund transactions and Payment
Money debited from your Bank Account may 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 and you 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 account.
For buy transactions routed using MFUI, the funds are credited to the MFU Escrow Account and thereafter transferred to the respective Scheme accounts according to the investments made by you. In case of net banking payments or PayEezz, MFU Escrow account will be credited not less than T+1 business/working day wherein T refers to the payment initiated day. MFUI will ensure to transfer the funds to the AMC Accounts upon receipt. The time of credit to respective AMC Accounts shall be considered for NAV applicability, wherever applicable. The time stamping for online transaction would be the MFUI server timings upon submission of transaction by you. In case payment is made through Net Banking the time stamp would be upon successful confirmation of payment.In case, it is found that the payment is not made from a registered bank account under the CAN, MFUI / Mutual Fund / AMC / its RTA reserves the right to reject the transaction and refund the money to the source account.
You understand that you need to pay entire platform fees in advance. Client also understands that consulting or any other fees will be charged to investors on quarterly basis in advance. Client also understands that all types of fees charged by us are non-refundable. You confirm that you received no direct or indirect benefit or incentive nor have been induced by any rebate or gifts, directly or indirectly in making any transaction or interaction with us
Disclaimer of Warranties and Liability
You hereby declare that you will invest from legitimate sources only and will not involve any contravention or evasion of any Act, Rules, Regulations, Notifications or law
While we endeavour to keep the information on the website up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability, with respect to the website or products, services, or related data contained on the website. Any reliance you place on such information is strictly at your own risk and peril. Further our website may be susceptible to number of frauds, misuse, hacking etc and we will not be responsible for any damages of punitive action on account of the same. You agree to compensate or indemnify or make good any unfair or unjust gain obtained by you as a result of the incorrect credit to you from any party. You also agree to indemnify us and related parties and other intermediaries in case of any dispute regarding validity and/or authorization of your transactions. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage. Company shall have no liability to you for any interruption or delay in accessing the website.
You agree not to download or modify or change the site in any manner. You agree that Distributor/AMC/related party shall not be held responsible for any delay/wrong debits on the part of the bank for executing the standing instructions of additional sum on a specified date from my account.