Terms and Conditions for Mutual Funds
I/We hereby confirm that the EUIN box has been intentionally left blank by me/us, as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of Diamond Hands LLP (“the MF Distributor”). Further, notwithstanding any indication of inappropriateness, if any, no advisory services have been provided and no advisory fees have been charged for this transaction.
I/We confirm that I/we have read and understood the contents of the Scheme Information Document (SID), Key Information Memorandum (KIM), and all addenda thereto with respect to the Mutual Fund scheme (“the Scheme”) subscribed herein, and agree to abide by the following terms and conditions for placing orders on the Mutual Fund platform offered by Diamond Hands LLP.
NAV Applicability
The value of units purchased or redeemed shall be based on the applicable Net Asset Value (NAV) of the Scheme, which may vary from time to time depending on market conditions.
Distributor Status
Diamond Hands LLP is a registered Mutual Fund distributor (ARN‑347549) and has disclosed to me/us all commissions (whether upfront, trail, or otherwise) payable to it for the Scheme, which are acceptable to me/us.
Entry / Exit Load
I/We have been informed of the applicable Entry Load and/or Exit Load for the Scheme, and the same is acceptable to me/us.
Availability of Funds / Securities
I/We shall ensure that sufficient and clear funds/securities, free from any lien or encumbrance, are available in the designated account(s) to cover purchase/redemption transactions and all applicable charges.
Obligation for Shortfall
I/We agree to compensate Diamond Hands LLP for any loss arising due to non-payment/short payment of funds or non-delivery/short delivery of securities. In case of insufficient funds/securities, Diamond Hands LLP may, at its sole discretion, square off transactions at my/our risk, cost, and consequences. Any resulting loss shall be borne by me/us.
Cut-off Timing
I/We understand that instructions submitted before the prescribed cut-off time shall be processed on the same day, and those submitted after the cut-off shall be processed on the next working day. Diamond Hands LLP may extend processing timelines in exceptional circumstances such as technical issues, with prior intimation.
Regulatory Compliance
I/We agree to abide by all circulars, guidelines, and regulations issued by SEBI, stock exchanges, AMCs, and other regulatory authorities. Transactions shall be executed as per applicable rules and scheme terms.
NAV / Processing Disclaimer
Diamond Hands LLP shall not be liable for any loss arising due to incorrect or delayed NAV application by exchanges, AMCs, or RTAs.
Charges and Fees
I/We agree to pay all applicable charges/fees as per the schedule notified by Diamond Hands LLP from time to time. Such charges are in addition to those levied by the Mutual Fund Scheme.
Investment Risk
I/We understand that investments in mutual fund schemes are subject to market risks and are made at my/our own discretion. Diamond Hands LLP shall not be responsible for any investment decisions or outcomes.
Online / System Risk
I/We acknowledge the risks associated with online transactions and agree that all activities performed using my/our login credentials shall be binding on me/us. I/We shall keep login credentials confidential and shall not hold Diamond Hands LLP liable for any unauthorized use.
Tax Implications
I/We understand that tax implications arising from transactions shall be governed by the provisions of the Income Tax Act, 1961, and any amendments thereto.
Nomination
In terms of SEBI circular SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82 dated June 15, 2022 (as amended), I/We acknowledge the requirement to either register a nominee or opt out of nomination for every Mutual Fund folio. I/We understand that failure to do so may result in restriction of transactions on the folio by the AMC/RTA.
Grievance Redressal
For any grievance, I/We may contact at [email protected] / 9987534644. If the grievance is not resolved within 30 days, I/We may escalate to the concerned AMC/RTA, to SEBI through the SCORES portal, or invoke the Online Dispute Resolution (ODR) mechanism under the SEBI Master Circular dated July 31, 2023 via the SMARTODR portal. Diamond Hands LLP shall abide by the timelines prescribed under applicable SEBI circulars for grievance resolution.
AMFI Code of Conduct
Diamond Hands LLP confirms adherence to the AMFI Code of Conduct for Mutual Fund Intermediaries and the AMFI Guidelines and Norms for Intermediaries (AGNI), and to all circulars issued by AMFI from time to time in respect of its conduct as an ARN-registered distributor.
Data Privacy & Consent
I/We consent to the collection, storage, processing, and sharing of my/our personal and financial data by Diamond Hands LLP for the purposes of executing MF transactions, complying with KYC/FATCA/PMLA obligations, and sharing with AMCs, RTAs (CAMS/KFintech), stock exchanges, depositories, regulators, and auditors, in accordance with the Digital Personal Data Protection Act, 2023 and rules made thereunder. I/We have read the Privacy Policy of Diamond Hands LLP available on the platform and may withdraw consent or exercise my/our rights as a Data Principal by writing to [email protected].
Communication Consent
I/We consent to receive transactional and service-related communications from Diamond Hands LLP and its service providers through SMS, email, WhatsApp, and push notifications, notwithstanding my/our registration on the National Customer Preference Register (NCPR/DND). Commercial communications shall be sent only in compliance with TRAI's Telecom Commercial Communications Customer Preference Regulations, 2018.
Unclaimed Redemption & Dividend Amounts
Unclaimed redemption and IDCW (dividend) amounts shall be dealt with in the manner prescribed under SEBI (Mutual Funds) Regulations, 1996 and applicable SEBI circulars. I/We may claim such amounts by following the process notified by the concerned AMC/RTA.
Force Majeure
Diamond Hands LLP shall not be liable for any failure or delay in performance caused by events beyond its reasonable control, including but not limited to acts of God, pandemics, regulatory action, exchange/RTA/AMC outages, cyber incidents, internet/telecom disruptions, power failure, strikes, war, or civil disturbance.
Governing Law & Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of India. Subject to the ODR mechanism under the SEBI Master Circular dated July 31, 2023, the courts and tribunals at Mumbai shall have exclusive jurisdiction over all disputes arising out of or in connection with these Terms.
Investor Charter
The Investor Charter for Mutual Fund Distributors (SEBI circular SEBI/HO/IMD/IMD-II/CIR/P/2021/0685 dated December 10, 2021) and the monthly complaint status shall be published on the Diamond Hands LLP website and shall form part of these Terms by reference.
Governing Agreements
These terms shall be read in conjunction with all other agreements, rights, and obligations executed between Diamond Hands LLP and me/us.
Modification of Terms
Diamond Hands LLP reserves the right to amend these terms at any time. Updated terms shall be communicated via website/email and shall be binding on me/us.
Risk Factors
Mutual Fund investments are subject to market risks. There is no assurance that the Scheme's objectives will be achieved. The NAV of the Scheme may fluctuate depending on market conditions. Past performance of the AMC, Mutual Fund, or its schemes does not guarantee future performance. Investors are advised to read the SID and Statement of Additional Information carefully before investing.
Disclaimer
Diamond Hands LLP and/or its agents shall not be liable for any direct or indirect loss arising due to client actions, market conditions, regulatory restrictions, technical failures, system outages, communication failures, cyber incidents, or any events beyond its control.
The services provided are strictly execution-based and shall not be construed as advisory or recommendation services.
Diamond Hands LLP reserves the right to suspend or withdraw services, either temporarily or permanently, at its sole discretion without prior notice.