Terms & condition

Terms and Conditions

1. USER REGISTRATION

  • I hereby give my consent to be contacted on contact number and email id provided by me for providing me information on the product and services of SIBSEE Digital Fund.


2. BANK DETAILS

  • I hereby declare that the details of the bank provided on the platform belongs to me and the primary account holder of the account is me and any refunds/redemption should be credited to the aforementioned account which is provided by me.

  • I hereby declare that the Debit Card and/or Netbanking account and/or ACH mandate used to make the transaction are linked to the bank account of which I am the primary account holder.

  • I authorize SIBSEE Digital Fund and/or its authorized service provider(s) to - execute the NACH/Direct Debit mandate, subsequent NACH/Direct debit instructions related to my investments and electronic money transfer instructions through online payment gateway(s)- carry out all mutual fund subscription/ redemption/ non-financial instructions which I provide through the website www.sibseedigitalfunds.com using the Email and Password (log-in credentials) associated with my Investment Account , and/or through any other mode, including on paper; and communicate with the AMC on my behalf for financial and non-financial transactions and to receive details of my investment from the AMC.


3. KYC INFORMATION

  • I hereby allow SIBSEE Digital Fund to utilize my information such as PAN, photo, name, father's name, Date of Birth, gender, marital status, proof of address, address and signature etc. for sending it to KYC Registration Agency (KRA) as part of Know Your Customer (KYC) norm & Asset Management Companies (AMC) as part of my application to AMCs. This can be used for the purpose of validation and to comply with the legal and regulatory requirements. I hereby accept that my address will be updated at the AMC as per my KYC address.

  • I hereby accept that the signature and other details available in the CVL-KRA records/system may be fetched/used for signature verification by AMC/their R&T for processing any requests made by me through www.wealthy.in and in the event of such signature not being available or legible in the CVL KRA records/system, I understand and agree that the AMC shall be entitled to carry out further checks to validate the authenticity of the request and/or to reject/disallow any transaction in connection herewith.


4. TERMS OF TRANSACTIONS FOR MUTUAL FUNDS

  • I acknowledge that investment products do not pertain to SIBSEE Digital Fund and the company is not in the business of providing investment advice

  • I acknowledge that SIBSEE will forward my transaction to AMC after completing "Know Your Client" (KYC) process. In the event where KYC process is not completed by me to the satisfaction of the AMC, I hereby authorize the AMC, 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 the law.

  • I understand that SIBSEE Digital Fund will process my instructions on a best effort basis. I understand that my instructions will be processed the same business day if received before the cut-off time(s) specified by SIBSEE Digital Fund, ELSE my instructions will be processed on the next business day. SIBSEE Digital Fund may specify cut-off time(s) earlier than the time(s) specified by the AMC/ SEBI. I will not dispute and/or hold SIBSEE Digital Fund responsible for any loss, notional or otherwise, incurred because of

    1. delays either at the Bank, Registrar and Transfer Agency or AMC.

    2. rejection of my instructions by the Bank, Registrar and Transfer Agency or AMC.

    3. processing of instructions authenticated by my Login Credentials.

    4. non-availability or non-accessibility of the Website, telephone(s), or office(s) of SIBSEE Digital Fund in case of circumstances beyond SIBSEE Digital Fund's control.


  • I confirm that the ARN holder (SIBSEE Digital Fund) has disclosed to me all the commissions (trail commission or any other mode), payable to them for the different competing Schemes of various Mutual Funds amongst which the Scheme is being recommended to me. I confirm that details provided by me are true and correct.

  • I understand that the ARN holder (SIBSEE Digital Fund) would help me maintain asset allocation in line with the risk profile. I will not dispute and/or hold SIBSEE Digital Fund responsible for any loss, notional or otherwise, incurred because of suggested investment and withdrawal amounts in different mutual fund schemes. I also understand ARN holder would do this on a best effort basis.

  • I acknowledge if I have placed a redemption (full or partial) request from a channel other ARN holder (SIBSEE Digital Fund) then the available withdrawal amount on www.wealthy.in may not be in sync. I acknowledge that under such circumstances redemption order may fail or be partially fulfilled.

  • I understand that after my withdrawal request is processed by SIBSEE Digital Fund the money may take up to 1 business day (for debt funds) and 3 business days (for equity funds) to be credited to my bank account. I confirm that the bank account details displayed at the time of redemption request are correct and I am the primary account holder of the bank account displayed. I authorize AMC to use this bank account to redeem my amount.

  • I understand that there may be early exit charges as per SID / SAI / KIM of the scheme(s) chosen on the platform.


5. TERMS OF TRANSACTIONS FOR OTHER INVESTMENT PRODUCTS

  • I acknowledge that investment products do not pertain to SIBSEE Digital Fund and the company is not in the business of providing investment advice

  • I understand that SIBSEE Digital Fund will process my instructions on a best effort basis. I understand that my instructions will be processed the same business day if received before the cut-off time(s) specified by SIBSEE Digital Fund, ELSE my instructions will be processed on the next business day. I will not dispute and/or hold SIBSEE Digital Fund responsible for any loss, notional or otherwise, incurred because of

    1. delays either at the Payment Gateway, FD Issuer, Security Seller.

    2. rejection of my KYC details by the FD issuer or Security Seller.

    3. non-availability or non-accessibility of the Website, telephone(s), or office(s) of SIBSEE Digital Fund in case of circumstances beyond SIBSEE Digital Fund's control.


  • I understand that the settlement of purchased securities may take upto 7 working days to my demat account, and I have understood the risks involved in purchase of market lined securities.

  • I understand that the rate of interest on FD booked may differ from the day I made the investment.


6. ACKNOWLEDGEMENT

  • I acknowledge that I have read the Terms and Conditions which are applicable for investment account facility on SIBSEE Digital Fund and that I have read and understood the said Terms and Conditions and that a copy of the Terms and Conditions is available on www. sibseedigitalfunds.com and I hereby severally agree and undertake to abide by these Terms and Conditions. I further agree to accept the updated Terms and Conditions as may be notified from time to time on www. sibseedigitalfunds.com before executing the transactions.

  • I understand and agree that, pursuant to the Terms and Conditions, I hereby authorise SIBSEE Digital Fund to execute my instructions for purchase/redemption/switch/ sell or other transaction/activities in respect of online mutual fund transactions on my behalf, as may be instructed by me from time to time on www.wealthy.in

  • I hereby declare that the details furnished through the process are true and correct to the best of my knowledge and belief, and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it and my account may become liable for termination.

  • The laws of India govern this Agreement. All disputes are subject, firstly, to mediation, and then by Arbitration by a sole arbitrator appointed by SIBSEE Digital Fund. 

  • I declare that I am not politically exposed, neither a relative of politically exposed person. My primary source of income is salary. I hereby declare that the information provided is true and correct to the best of my knowledge. In the event of any change in the information provided, I will notify SIBSEE Digital Fund   (SIBSEE Digital Fund) immediately.