Recommended Funds

8/8/2019 Recommended Funds

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Recommended Funds

WE RECOMMEND

yze funds with as long a comparable history as possible and only within their peer group. For a look at our methodology, p

that while we hope that these recommendations would be useful for investors, you are also advised to look at the fund's

further research before making your investment decisions.

ors to have a diversified portfolio that is spread over the whole world. The recommended funds should not be see

solation. These funds are what we would recommend amongst their peer groups if you would like to invest in a fund from

So, if you are interested in funds from one region like Japan, then you can see the recommended funds we have withi

ttle basis of comparing a Japan fund with a Europe fund.

are also interested in an allocation to the various sectors, we suggest that you refer to ourSector Star Ratings page which

various regions. For aggressive investors who wish to take more risk for the purpose of potentially higher returns, you c

sometimes put out highlighting Fundsupermart's view of a particular region. For a more detailed description of why we r

d, please click on the recommended fund's name below:

Debt Balanced Fund of Funds

nds Fund Class

Performance (Annualised)

1

year

2

years

3

years

5

years

FUND- GROWTH

Equity -

Banking &

Financial

Services Sector

56.37 50 27.99 28.44

SCOVERY FUND- GROWTH

Equity -

Contra 40.13 46.72 19.86 21.82

UND- GROWTH

Equity -

Contra 47.38 37.46 17.45 18.59

P 100 EQUITY F UND- GROWTH

Equity -

Diversified24.08 27.08 13.36 25.61

GR OWTH Equity -Diversified 43.57 39.33 18.09 27.33

GROWTH Equity -

Diversified 33.46 34.61 17.99 27.37

FUN D- GROWTH Equity -

Dividend Yield36.61 36.48 19.43 23.96

OWTH

Equity - ELSS 39.67 34.39 13.02 20.86NTAGE FUND- GROWTH

Equity - ELSS 40.37 34.22 14.26 -

D- GROWTH Equity - - - - -


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FMCGONOMIES INFRASTRUC TURE FUND PLAN A-

Equity - Global 12.02 - - -

ONAL OPPORTUNITIES FUND- GROWTH

Equity - Global 28 23.28 9.09 -

CHNOLOGY.COM FUND- GROWTH

Equity - IT

Sector24.44 25.5 5.74 21.3

NSEX PLUS PLAN- GROWTH Equity - Index 23.83 26.48 10.32 21.75FRASTRUCTURE FUN D- GROWTH

Equity -

Infrastructure16.73 17.2 8.49 25.41

IA T.I.G.E.R. FUN D- GROWTH

Equity -

Infrastructure 24.22 25.19 5.89 23.48

FUND- GROWTH Equity - Mid

Cap31.62 30.67 14.6 25.17

CRO CAP FU ND- GROWTH Equity - Mid

Cap69.09 45.12 16.19 -

UND- GROWTH

Equity -

Pharmaceutical 59.66 51.19 28.1 28.7

NKING FUND- GROWTH

g Fund is the best banking sector fund on our platform (in terms of overall ranking) over a review period of 5 years (30 Jun

June

en a consistent outperformer among other banking sector funds on our platform. This fund has always been ranked N

performance in all the review years (as at J

10, the fund has close to 58% of its assets in large- cap banking and financial stocks, 36% is in mid-cap banking and finanover 5% in cash equivalent in

e lowest expense ratio in the banking sector category funds which has a and the category average expense ratio is

only the best performing but is also clearly by far the largest banking sector fund in terms of of Assets under Manageme

h close to Rs. 1200 crores of AUM as at June

estor must note that a sector fund is affected by general market risks ( as given in the offer document/scheme information

that affect all the companies in an industry. Hence, every sector fund has the highest risk rating and onlyinvestors with

ng can consider investing in this fund


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iFAST FINANCIAL INDIA PRIVATE LIMITEDINVESTMENT ACCOUNT TERMS AND CONDITIONS

The following terms and conditions apply to all Investment

Accounts opened and maintained with iFAST Financial India

Private Limited (iFAST):

1. INTERPRETATION

"Investment Account" means the account on

which the Customer effects the Transactions

pursuant to these terms and conditions;

"AMC" means an Asset Management Company

licensed by SEBI as an asset manager;

"Application Form" means the Application Form

provided by iFAST to the Customer in accordance

with its general operating procedures for the

application by the Customer to open an Account;

"Business Day" means a Business Day or WorkingDay or a day by any name called on which the AMC

accepts applications forms and as more specifically

defined in the Offer Document of the respective

schemes;

"Codes" shall have the meaning ascribed to it in

Clause 8.2;

"Customer" means any person or persons who

hold(s) and operate(s) an Account with iFAST to

invest in various Products including but not limited to

units in various Mutual Funds as may be offered by

the AMC from time to time.


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"Electronic Services" shall have the meaning

ascribed to it in Clause 8.1;

"Fees"means and includes upfront fees or such

other fees by whatever name called charged by

iFAST or Product Provider, as decided and / or

amended from time to time.

"iFAST" means iFAST Financial India Private Limited

and include its successors and assigns;

"Key Information Memorandum" means abridged

Offer Document and prospectus of the Mutual Fund

that is a part of the scheme's application form."KYC" means Know Your Customer policies in

respect of money laundering, corruption and

terrorism, which are appropriate for the line of

business, which meets or exceeds the applicable

regulatory and industrial requirements aimed at

ascertaining the Customer's identity and where

appropriate or required by the regulatory authorities.

"Loss" means any and all loss, damage, costs,

charges and expenses of whatsoever nature and

howsoever arising, including legal fees on a full

indemnity basis;

"Mutual Funds" shall mean various Mutual Funds

registered with SEBI.

"NAV" shall mean the Net Asset Value of the Units

of the Mutual Funds and the plans and options

therein, calculated on every Business Day, in the

manner provided in the Offer Document of the

respective Mutual Funds or as may be prescribed by

SEBI regulations from time to time;


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"Offer Document/ Scheme Information

Document/ Statement of Additional

Information" means the document issued by the

AMC, as amended from time to time (including by

way of addendum), offering Units of the respective

schemes/ plans for subscription;

"Officer" means any officer or employee of iFAST;

"Order" means any authorisation, request,

instruction or order (in whatever form and howsoever

sent) given or transmitted, to iFAST or any Service

Provider, by the Customer or which iFAST or anOfficer or Service Provider reasonably believes to be

the authorisation, request, instruction or order of the

Customer;

"Person" includes any government, statutory body,

corporate, business, firm, partnership, cooperation or

unincorporated body;

"Personnel" means the directors, officers,

employees, servants, agents and employees of

iFAST;

"Products" means any financial product offered by

iFAST including Mutual Funds, portfolio management

or any other collective investment scheme or any

financial and non financial product authorised or

recognised by SEBI or any other regulatory

authorities (or deemed to be authorised or

recognised under law) and distributed by or made

available through iFAST from time to time ("financial

products");


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"Product Providers"means an entity offering any

Products on iFAST platform. "SEBI" means the Security and Exchange Board of

India;

"Service Provider" means and includes any Person

acting as a service provider on behalf of iFAST;

"Transaction" means any transaction (both

financial and non financial transaction) effected

under the Investment Account in respect of any

financial products / Mutual Funds and includes

applications for subscription, switching, transferring

and redemption of Units in any Mutual Funds;

"Unit" means an interest of an investor(s) in the

scheme of Mutual Funds consisting of each unit

representing one undivided share in the net assets of

that scheme as evidenced by the account statement

;

2. SCOPE AND APPLICATION

2.1 The terms and conditions herein shall apply to

provisions by iFAST to the Customer of all transaction

facilities in respect of all Products including Mutual

Funds under the Investment Account.

2.2 iFAST reserves the right to add to, amend or vary

any of these terms and conditions at any time in its

sole and absolute discretion and any additions,

amendments or variations shall take effect and bind

each Customer from such date as iFAST may

prescribe. A Customer shall be deemed to have

agreed to any addition, amendment and/or variation

without reservation, whether or not the Customer


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gives iFAST any Orders subsequent to the said

change in terms and conditions.

3. GENERAL CONDITIONS

3.1 The Customer agrees that the transactions carried

out through the website in Units of various schemes

offered by the Mutual Funds shall be subject to the

provisions contained in the respective Offer

Documents / Scheme Information Document /

Statement of Additional Information / Key

Information Memorandum (as updated by issue of

relevant addenda).

3.2 The Customer authorises, consents and agrees to

the disclosure by iFAST and/or any of its Officers or

agents, at any time and from time to time, of any or

all information in respect of any particulars of the

Customer, the Transactions or the Investment

Account to any Person as iFAST may, in its sole and

absolute discretion, deem fit, appropriate or

necessary, or when such disclosure is made in

accordance with applicable laws.3.3 The opening of Investment Account is subject to the

satisfactory completion of the account opening form

and acceptance by iFAST. Upon acceptance, iFAST

shall register the Customer after due compliance with

respect to KYC and Prevention of Money Laundering

Act.

3.4 The Investment Account provided to the Customer

comprises of a non-transferable, revocable and non-

exclusive license to use the Investment Account and

website and other facilities and services for bonafide

purposes only.


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3.5 The relationship between Customer and iFAST shall

be on a principal-to-principal basis. The Customer

shall have no right whatsoever to bind or act on

behalf of iFAST.

3.6 The Customer(s) should ensure that the amount

invested in the Products offered by iFAST including

Mutual Funds is through legitimate sources only and

does not involve and is not designated for the

purpose of any contravention or evasion of the

provisions of the Income Tax Act, Prevention of

Money Laundering Act, Prevention of Corruption Act

and/or any other applicable law in force and also any

laws enacted by the Government of India from time

to time or any rules, regulations, notifications or

directions issued thereunder. To ensure appropriate

identification of the Customer(s) under KYC policy

and with a view to monitoring Transactions, iFAST

reserves the right to seek information, record

Customer's telephone calls relating to Customer

information to iFAST and/or obtain and retain

documentation for establishing the identity of the

Customer, proof of residence, source of investments,etc. iFAST may re-verify identity and obtain any

incomplete or additional information from the

Customer for this purpose.

3.7 The Customer shall provide iFAST with a copy of a

valid Permanent Account Number ("PAN") card,

including any other documents for address

verification and any other details as required in the

format as may be prescribed by iFAST and iFAST will

further get these details verified with the CDSL

Ventures Limited ("CVL") or any other authority or

body that may be appointed for providing KYC

verification by the regulator from time to time. Once

iFAST gets a confirmation from CVL or any other

relevant authority with respect to PAN and other


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details of such Customers as required for the purpose

of confirming the KYC, iFAST shall grant registration,

access and use of the website and Investment

Account to such Customers. If any Transaction is

undertaken by the Customer without providing a

valid PAN or other details, then it will be at the sole

liability of the Customer and iFAST will not be liable

in any way whatsoever. Furthermore Customer shall

indemnify iFAST against all actions, proceedings,

claims, losses, liabilities, penalties, demands and

costs arising out of the Customer undertaking a

Transaction without a valid PAN and /or other

legitimate details.

3.8 In cases where Customer is non-individual investor,

Customer represents that it has the authority to bind

the said entity to these terms and conditions and

that the Customer shall personally sign the terms

hereof or through its authorised signatories.

3.9 Customer shall not, without the prior written

consent of iFAST, assign, charge or encumber any

Investment Account or the Customer's rights therein,or create or permit to create, in favour of any Person

(other than iFAST) any interest by way of trust or

otherwise in any Investment Account. iFAST shall not

be required to recognise any Person other than the

Customer as having any interest in any Investment

Account. However in cases where in Customer

requests to mark lien on his Mutual Fund units,

(provided that the underlying Products and Product

Provider's terms of offering the Product do not state

otherwise) in all such cases Customer shall have to

convert the online folio into an offline folio in order to

meet the requirement of lien against his Mutual Fund

Units.


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3.10 The Customer agrees and accepts that iFAST has

the sole discretion to restrict a particular set / class

of Customer from dealing with iFAST..

3.11 iFAST may engage or appoint any Person (who is

not an Officer or related to iFAST) to carry out any

Order or to exercise any authority granted to iFAST

by the Customer whether under this terms and

conditions or otherwise. In making such engagement

or appointment, iFAST shall not be liable to the

Customer for any Loss suffered or incurred by the

Customer as a result of any act or omission of such

Person.

3.12 The Customer's relationship with iFAST, the

operation of the Investment Account and the

implementation of all Orders shall be subject at all

times to the applicable laws. iFAST may take or

refrain from taking any action whatsoever, and the

Customer shall do all things required by iFAST, in

order to procure or ensure compliance with

applicable laws.

3.13 Customer shall be responsible for the systems used

by Customer with respect to dealings with iFAST and

for various security measures which Customer has to

take to prevent unauthorised access to details

relating to the dealing with iFAST through the

website, and iFAST shall not be liable for any such

unauthorised access.

3.14 The Customer hereby agrees to ratify and confirm

all Transactions and all acts and things done or

caused to be done or effected by iFAST on the

Customer's behalf in relation to the Investment

Account or the Units held on behalf of the Customer

and agrees that such Transactions, acts and/or


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things done shall also be governed by these terms

and conditions.

3.15 The Customer hereby irrevocably appoints iFAST

through any of its directors or officers as the

attorney of the Customer for each and all of these

terms and conditions and authorises such directors or

officers of iFAST to sign and execute all documents

and perform all acts in the name and on behalf of the

Customer in connection therewith, whether in respect

of any Transaction relating to the Investment

Account or these terms and conditions (including the

protection or preservation of any of iFAST's rights

and remedies hereunder and the payment of all Fees

and monies due and owing to iFAST by the

Customer) or in respect of anything required to give

effect and/or substance thereto. For the avoidance of

doubt, nothing in this Clause shall impose any

obligation on iFAST to take any action or exercise

any rights as the Customer's attorney and iFAST shall

at all times have the absolute discretion in

determining whether or not to exercise any of its

powers as the Customer's attorney hereunder.

3.16 Whenever the Customer receives any statements of

account, contract notes (if applicable), confirmations

or notifications in respect of any Order or any

document (the "Statement") provided in relation to

the Investment Account from iFAST, the Customer

agrees that it will inform iFAST of any mistakes or

omission or disagreements within seven (7) days

from the date of the relevant Statement. If the

Customer fails to do so, the Customer is deemed to

have agreed to the contents in such Statement and

will no longer have the right to dispute the accuracy

of the Statement. Accordingly, iFAST has the right to

treat the Customer's silence as the Customer's

representation that the statement is accurate.


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Nothing in this Clause shall prevent iFAST from

unilaterally amending any such statement for any

inaccuracy it detects.

3.17 Any instructions (oral or otherwise) purported to be

given by any person other than the Customer, need

not be acted on by iFAST but iFAST is authorised to

act on any and all such instructions which iFAST

believes in good faith, or has reason to believe, is

from the Customer as soon as such instructions have

been received by iFAST in writing, fax, or email

correspondence thereof. iFAST shall not be liable for

any loss, damage, cost, charge and expense incurred

by the Customer as a result of iFAST so acting.

4. iFAST RIGHTS

4.1 iFAST has full rights to reject the Investment

Account opening form of any Customer at its sole

discretion without assigning any reason.

4.2 Without limiting other remedies, iFAST may issue a

warning, temporarily suspend, indefinitely suspend or

terminate a Customer's Investment Account and

refuse to provide any Products and services to

Customer if: (a) the Customer breaches any of these

terms and conditions or the linked policies and

information incorporated herein by reference,

including our written policies and pro cedures posted

on the website; (b) iFAST is unable to verify or

authenticate any information Customer provides to

iFAST or on the website; or (c) iFAST believes that

Customer's actions may cause legal liability for the

Customer, iFAST or Service Providers. Once

temporarily suspended, indefinitely suspended or

terminated, Customer may not continue to use the

website under the same Investment Account, a

different Investment Account or re-register under a


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new Investment Account, subject to discretion of

iFAST.

4.3 In the event of termination for any reason

whatsoever, iFAST shall be entitled to recover all

outstanding Fees, charges and dues from Customer.

5. Transaction Processing

5.1 The Customer may instruct iFAST to execute any

Transaction by placing an Order with iFAST and/or its

Service Provider. The Customer understands that an

Order once placed with iFAST cannot be revoked.

Upon the receipt of such Order, iFAST shall executethe Transaction by placing an order with the relevant

AMC. The Order becomes irrevocable immediately

after iFAST or Service Provider has received the

Transaction on behalf of Customer. In the case of an

Order for the subscription of Units, iFAST shall

execute the Transaction by placing the Order with

the relevant AMC, where the subscription is settled

by Service Provider , upon the receipt of the Order

and on a cleared-fund basis or, in the sole and

absolute discretion of iFAST, upon the receipt of the

Order .

5.2 Orders placed by the Customer with iFAST may be

aggregated and consolidated either daily or from

time to time by iFAST together with orders placed by

iFAST's other customers or any other Person whom

iFAST deems fit, for the purposes of placement of the

orders by iFAST with the relevant AMC.5.3 Orders received by iFAST on any Business Day

before the relevant cut-off time (as may be specified

by iFAST in its sole and absolute discretion) shall be

consolidated with other orders (if any) for placement

with the relevant AMC on the same Business Day.


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Orders received after the specified cut-off time shall

be deemed to be an Order received by iFAST on the

next Business Day and shall only be placed with the

relevant AMC on the next Business Day.

5.4 Customer agrees and confirms that all the

authorised and complete Transactions will be

processed at the applicable NAV (as defined in the

Offer Documents / Scheme Information Documents

of respective schemes of Mutual Funds) subject to

realization / utilization of the funds and acceptance of

the Transactions by the Mutual Funds / their

authorised representatives.

5.5 Where iFAST has placed a consolidated Order for the

subscription of Units or for the switching of Units with

the relevant AMC, the AMC will (subject to the AMC's

right to refuse or reject any such order pursuant to

the trust deed and/or Offer Documents/Scheme

Information Documents and/or addendum of the

relevant scheme) issue the relevant Units to and

register the Units in the name of the Customer.

5.6 Customer agrees that Customer shall be responsible

for all Transactions conducted through the website

and records generated by iFAST / its authorised

representatives shall be conclusive proof of the

Transaction being undertaken and shall be binding on

Customer and may be used as an evidence in any

proceedings, legal or otherwise. In case of any

discrepancy with regard to a Transaction, Customer

agrees to notify iFAST / its authorised

representatives within 7 days of receipt of the record

of such transaction.

5.7 In respect of Transactions involving Units

purchased, iFAST will send the confirmation notes

and statements to the Customer in respect of all


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Transactions in the Investment Account by email or

any other mode as provided by iFAST from time to

time. .

5.8 The Customer acknowledges that any AMC which

receives the order from iFAST is not obliged to accept

the order in part or whole. iFAST shall not be liable or

responsible for any action or rejection on the part of

any AMC in respect of any Order. iFAST shall have no

responsibility or liability for ensuring that the

relevant AMC allots the Units or for any Losses

(including any loss of investment opportunity) which

the Customer may suffer or incur as a result of anyrefusal to accept or delay in accepting such Order by

the AMC.

5.9 The Customer acknowledges that the issue prices

and redemption (realisation) prices are determined

by the AMC in accordance with the prescribed

procedures on any Business Day. Accordingly, any

price or value quoted by iFAST to the Customer in

respect of any Unit in any Mutual Funds is not

conclusive and is indicative / historic only. The

Customer hereby agrees that in placing an Order,

Customer is not relying on any such information

provided to him/her by iFAST and acknowledges that

the applicable issue or redemption price in relation to

the Customer's Order may be different from the

indicated or quoted / historic prices.

6. RISKS6.1 The Customer acknowledges that investments in

financial products including Mutual Funds are subject

to investment risks and market risks, including

possible loss of the principal amount invested. The

Customer represents and warrants that the Customer


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understands and is fully aware of the risks involved

in investing in financial products including Mutual

Funds

6.2 In relation to investments into Mutual Funds or any

financial products, the Customer acknowledges that

the Customer has read and understood or will obtain

from either iFAST or the relevant AMC up-to-date

versions of the Scheme Information Document, Offer

Document, Statement of Additional Information and

Key Information Memorandum of the respective

scheme or any other documents by whatever name

called issued by Product Provider including risk factor

and disclaimer as contained in the Offer Document

and addendum issued by the scheme or any

materials supplied by the relevant AMC / Product

Provider that might exist on the date of the

Transaction and the date of the Order given by the

Customer to iFAST prior to placing any Order with

iFAST to subscribe for Units in such Mutual Funds.

The Customer acknowledges and agrees that iFAST

shall bear no liability or responsibility whatsoever to

the Customer for any error, misstatement oromission in any Scheme Information Documents,

Statement of Additional Information or Offer

Documents or report or any other material prepared

by or issued by any AMC/ Product Provider, or willful

action or omission, default, fraud or negligence by

the AMC/ Product Provider.

6.3 iFAST accepts no responsibility and will bear no

liability to the Customer for giving any

recommendation or advice to the Customer as to

whether to invest or not to invest in any financial

products, or in connection with the performance of

any Mutual Fund schemes. The Customer

acknowledges the desirability and importance of

seeking independent financial or professional advice


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with respect to any dealings or investments in any

financial products including Mutual Funds or

investment opportunities. The Customer

acknowledges that any dealings or investments

under the Investment Account in any such financial

products including Mutual Funds is solely and

exclusively made by the Customer based on the

Customer's own judgment and after the Customer's

own independent appraisal and investigation into the

risks associated with such dealings or investments

have been made.

6.4 The Customer acknowledges that any investment in

any financial products offered currently or in future

by iFAST may be subject to a lock in period as

provided in the Offer Document/ Scheme Information

Document/Statement of Additional

Information/addenda or any other terms and

conditions issued by Product Provider / issuer and

the Customer may not be entitled to redeem till the

maturity period is completed.

7. TRANSACTION LIMITS AND RESTRICTIONS7.1 iFAST may, at any time0 in its sole and absolute

discretion, impose upon the Customer any position or

Transaction limits, or any trading or Transaction

restrictions. Such limits may include minimum sizes

for Transactions, specified times or procedures for

communicating Orders to iFAST or otherwise. Such

limits may also be set by a regulatory, statutory or

such other body as may govern the Transactions. In

placing Orders with iFAST, the Customer shall not

exceed any limits or breach any restrictions, whether

imposed by iFAST or any such body.

7.2 iFAST shall have the absolute discretion whether to

accept and partially execute any Order to ensure that


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the relevant limit or restriction imposed is not

breached or to entirely reject such Order.

7.3 The Customer shall at all times ensure that the

Customer does not transact on the same Folio

Number, directly with AMCs for investment made

through iFAST. In case a Customer directly

approaches AMCs for any financial or non-financial

transactions, it is liable to be rejected by AMCs and

in all such case neither iFAST nor AMCs shall be liable

to Customer.

8. ELECTRONIC SERVICES

8.1 iFAST may, from time to time and at its sole and

absolute discretion, provide to the Customer, such

computer or telephone services or systems (including

but not limited to any other services or information

accessible through iFAST's proprietary software or

the latest mobile technology such as 3G) (the

"Electronic Services") for the purposes of viewing

details or information relating to his Investment

Account or placing Orders or Transacting. 8.2 The Customer has the sole responsibility and shall

be liable for the security and safe keeping of the

Customer's Investment Account number as well as

any and all passwords, identification and other Codes

issued to the Customer by iFAST or by any

certification authority duly recognised by iFAST for

the purpose of enabling the Customer to access the

Electronic Services and the Investment Account (the

"Codes").

8.3 The Customer agrees that iFAST shall be entitled to

rely on the digital signature and/or correct entry of

the Codes in order to ascertain whether any Order

placed with iFAST is that of the Customer's and to act


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(a) amend, modify, suspend or terminate the

operation of the Electronic Services;(b) suspend or terminate the Customer's access

to or use of the Electronic Services; or (c) deactivate the Codes,

and shall not be liable to the Customer for any Loss

which may be suffered by the Customer consequent

upon any of the above actions.

9. FEES AND PAYMENT

9.1 Unless otherwise agreed, iFAST shall deduct from

the Customer's bank account through ECS("Electronic Clearing System") the sum of any

outstanding fees and charges imposed by iFAST from

time to time in its sole and absolute discretion with

respect to the execution of any Transaction or

otherwise for the maintenance of the Investment

Account or the provision of any service or facility to

the Customer in connection with the Investment

Account.

9.2 The Customer shall promptly pay to iFAST any

outstanding sum on the due date of the relevant

Transaction or upon demand by iFAST as provided

for under these terms and conditions.

9.3 iFAST shall be entitled to charge interest on any

sum or payment due to iFAST from the Customer at

such rate and calculated and/or compounded in such

manner as iFAST may, in its sole and absolute

discretion, impose and determine from time to time

and to debit the bank account through ECS in respect

of the interest due.

9.4 All payments made by the Customer to AMC and or

iFAST shall be in free and clear funds and free of


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independent of the initial sales charge or upfront fees

which may be charged by the Mutual Funds.

10. JOINT ACCOUNTS

10.1 If an Investment Account is opened or maintained in

the name of more than one individual or a

partnership:-

(a) the term "Customer" shall refer to each

individual or partner jointly and severally, and

the liability of each such individual or partner

to iFAST shall be joint and several; and (b) iFAST shall be entitled to recover any sum

due or owed to iFAST by any of the individuals

in whose name the Investment Account is

opened or maintained or constituting the

Customer.

No individual constituting the Customer shall be

discharged, nor shall his liability be affected by, any

discharge, release, time, indulgence, concession,

waiver or consent given at any time in relation to any

one or more of the other such individuals constituting

the Customer.

10.2 In respect of each Investment Account opened in

the name of 2 or more individuals or a partnership,

the first holder of Investment Account in case of joint

account or authorized signatories in case of

partnership, are authorised to give Orders in relation

to transaction and any other instruction to iFAST.

Any correspondence, mail, notice or communication

addressed and sent by iFAST to the first holder and

such communication in respect of a Joint Account

shall be deemed to have been addressed and sent to

all the individuals named in respect of such Joint

Account.


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10.3 In a Joint Account, if iFAST, prior to acting on any

instructions given by one signatory, receives

contradictory instructions from the other signatory,

iFAST may thereafter only act on the instructions of

all signatories for the said Joint Account.

10.4 The doctrine of survivorship shall apply to any

Investment Account opened in the joint names of

more than one individual or in the name of a

partnership. Accordingly, in the event of the death of

such individual or any partner constituting the

Customer, the Investment Account shall immediately

vest in the surviving individual (s) or partner(s) (asthe case may be).

10.5 The password shall be assigned only to the first

applicant as listed in the Application Form.

10.6 The provisions in this Clause apply to any other

services provided by iFAST or any other Person or

Service Provider appointed by iFAST from time to

time in this regard.

11. CHANGE OF PARTICULARS

The Customer agrees and undertakes to notify iFAST

immediately of any change in the particulars of the

Customer, or any information relating to any

Investment Account or to these terms and

conditions, supplied to iFAST or to update the

changes online. iFAST shall at all times be entitled to

rely on the records in the Application Form last

submitted by the Customer unless any change in the

particulars therein have been notified to iFAST or

updated online by the Customer. iFAST is not obliged


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to verify any particulars furnished or updated online

by the Customer and iFAST shall not be liable or

responsible for any Loss suffered or incurred by the

Customer or any other Person by reason of any error

or omission in the completion of the Application F orm

or in the furnishing or online updating of the

particulars by the Customer.

12. AUTHORITY OF PERSONAL REPRESENTATIVES

12.1 All acts performed by iFAST prior to receiving

written notice of the Customer's death, incapacity of

or incapability shall be valid and binding upon the

Customer and the Customer's successors in title.

12.2 In the event of the Customer's death, iFAST shall be

absolutely protected in acting under these terms and

conditions until iFAST receives actual notice of death

from the legal personal representatives or executors

of the Customer. The legal personal representatives

or executors will be recognised by iFAST as having

the sole authority to act under these terms and

conditions on behalf of the deceased Customer only

upon the legal personal representatives or executors

producing the relevant legal documents which

establish them as the legal representatives of the

deceased Customer.

13. GENERAL INDEMNITY

13.1 In addition and without prejudice to any other right

or remedy of iFAST (at law or otherwise) the

Customer shall indemnify and hold iFAST and its

Personnel harmless from and against any and all

Loss suffered or incurred by iFAST and/or its

Personnel as a result of:


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(a) any failure by the Customer to comply with

these terms and conditions;(b) iFAST acting in accordance with the Orders or

in any manner permitted under these terms

and conditions;(c) any change in any applicable laws; and/or(d) any act or thing done or caused to be done

by iFAST in connection with or referable to

these terms and conditions or any Investment

Account or the instructions of the Customer.

13.2 The Customer's obligation to indemnify iFAST and its

Personnel shall survive the termination of the

Investment Account, and these terms and conditions.

14. GENERAL EXCLUSION AND LIMITATION OF

LIABILITY

14.1 In addition and without prejudice to any other right

or remedy which may be available (whether under

these terms and conditions or under applicable laws),

and in the absence of fraud on the part of iFAST

and/or its Personnel, neither iFAST nor their

respective directors, officers, servants, agents or

employees shall be liable to the Customer in any

respect for any Loss suffered by the Customer,

including but not limited to any Loss arising out of

any of the following:

(a) any reliance by the Customer on any

information and/or reports which are

incomplete, inaccurate, corrupted, untrue or

out-of-date, notwithstanding that such

information and/or reports may or may not

have been customised for the use of the

Customer, where such information and/or

reports have been prepared, compiled or

produced by any fund manager and/or issuer


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of any Mutual Funds or any third party,

received by iFAST in good faith and forwarded

to the Customer by iFAST or made available

through the Electronic Services; (b) any loss or unauthorised use of the Electronic

Services or delay in the transmission or

wrongful interception of any Order or contract

through any equipment or system, including

any equipment or system owned and/or

operated by or on behalf of iFAST;(c) any delay, fault, failure or loss of access to or

unavailability of the Electronic Services for

whatever reason;(d) any delay, failure or omission in the

execution of the Orders of the Customer due

to any reason beyond the control of iFAST; (e) for any fraud, negligence/mistake or

misconduct by Customer;(f) any action taken for non-compliance with

PAN/Bank guidelines issued by SEBI/other

regulatory authorities or for any delay

thereof, including for loss of interest and / or

opportunity loss and / or any loss arising due

to movement in NAV or any other losses,

liabilities, damages, costs, charges, expenses

which the Customer(s) may sustain, incur or

suffer or be put to or become liable or incur

directly or indirectly by reason or as a

consequence of any such action or any delay

thereof.

14.2 For the avoidance of doubt and without prejudice tothe generality of the foregoing, iFAST and its

Personnel shall not in any event be liable to the

Customer for any indirect or consequential loss, or

for punitive damages.

15. TERMINATION


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15.1 Either party may terminate the Investment Account

by giving the other 30 (Thirty) Day's written notice.

15.2 Termination of the Investment Account shall in no

way prejudice or affect any rights iFAST may have

against the Customer under these terms and

conditions or under applicable laws.

15.3 iFAST reserves the right to terminate the status as

Customer forthwith, upon the occurrence of any of

the following events:

(a) If the Customer commits any breach of any

of the terms and conditions hereunder and

does not remedy such breach within thirty

(30) days after written notice has been given

to it by iFAST requiring such remedy;

(b) Customer becomes insolvent or enters into

liquidation or receivership or suffers an

administration receiver to be appointed in

relation to the whole or any part of its assets,

or suffers any judgment to be executed in

relation to any of its property or assets, if any

of these would adversely affect the

performance of the obligation under this

terms and conditions;

(c) any of the Customer's representations,

warranties or statements hereunder or in the

Application Form or in any document

delivered pursuant to the Investment Account

has not been complied with or is incorrect or

incomplete in any respect;


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(d) where applicable, the Customer ceases, or

threatens to cease, to carry on business;

(e) iFAST forms the view, in good faith, that it

should take action in order to preserve its

rights or interests in relation to any

Investment Account or under its relationship

with the Customer.

16. CONSEQUENCES OF TERMINATION

16.1 In the event that the Investment Account is

terminated by either Party in accordance with 15.1

above, Product Provider/ iFAST shall deduct fromCustomer's bank account through ECS the sum of

any outstanding Fees, charges and expenses and

wherever necessary redeem the investment in the

Customer's Investment Account to satisfy any

monies due from the Customer to Product

Provider/iFAST under these terms and conditions or

in connection with the Account or any Transaction

effected thereunder;16.2 In the event that the Investment Account is

terminated by iFAST pursuant to Clause 15.3 above,

and without prejudice to any other right of iFAST

hereunder or under Applicable Law, iFAST may (but

is not obliged to) immediately or at any time

thereafter, do any one or more of the following:

(a) suspend (indefinitely or otherwise) or

terminate the Investment Account, or iFAST's

relationship with the Customer, accelerate any

and all liabilities of the Customer to iFAST so

that they shall become immediately due and

payable;(b) cancel any of the Customer's outstanding

Order(s);


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(c) apply any amounts of whatsoever nature

standing to the credit of the Customer against

any amounts which the Customer owes to

iFAST (of whatsoever nature and howsoever

arising, including any contingent amounts), or

generally to exercise iFAST's right of set-off

against the Customer;(d) exercise its rights of sale in respect of any of

the Customer's Units or call upon any

security;(e) demand any shortfall after (c) or (d) above

from the Customer, hold any excess pending

full settlement of any other obligations of the

Customer, or pay any excess to the Customer

by way of cheque to the last known address of

the Customer; and(f) exercise such other authority and powers that

may have been conferred upon iFAST by

these terms and conditions.

17. COMMUNICATIONS

17.1 The Customer acknowledges and agrees that anycommunication (including but not limited to the

sending of notices, annual and semi-annual reports,

performance statements, or confirmation notes or

status of Orders (whichever may be applicable for

the relevant Mutual Funds in question) to the

Customer from iFAST may be sent, at iFAST's sole

discretion, by electronic mail, facsimile, telex, or

ordinary mail to the Customer's last known address.

Any such communication shall be deemed to be

received by the Customer (a) if given by electronic

mail, facsimile or telex transmission at the same time

it is dispatched; or (b) if given by post two days after

the same has been posted.


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17.2 Any communications from the Customer to iFAST,

whether they be instructions relating to any of the

Investment Accounts or otherwise, shall be given in

accordance with iFAST's general operating

procedures.

18. PROPERTY RIGHTS IN INFORMATION

The intellectual property in all material provided on

the website (including any Offer Documents, Scheme

Information Documents, Statement of Additional

Information and addenda thereto, Key Information

Memoranda, other literature, manuals, reports,

research papers, data, flow charts, drawings,designs, diagrams, tables, software, source code or

object code or other information or materials in

whatever form and on whatever media stored or

held) is held by iFAST 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 anymeans, including, but not limited to, electronic,

mechanical, photocopying, recording, or otherwise,

without the prior written permission of iFAST.

Further, Customer or an authorised representative

(in case Customer is a non-individual investor) 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 iFAST, its


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ii. that the website service / Electronic Service is free

from any virus or other malicious, destructive or

corrupting code, program;iii. with respect to the merchantability, satisfactory

quality or fitness for a particular purpose of the

website or any of the products/services offered

therein; oriv. in relation to non-infringement of any third party

rights.

19.4 iFAST, 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 website 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 website or any other services provided by

iFAST or any other Person appointed by iFAST.

20. DISPUTE RESOLUTION

20.1 If any dispute and/or difference that has arisen

between the Parties hereto during the subsistence of

this terms and conditions or thereafter, in connection

with the validity, interpretation, implementation or

alleged material breach of any provision of these

terms and conditions or regarding any question

arising out of this terms and conditions or otherwise,

the Parties hereto shall endeavor to settle such

dispute/difference amicably by negotiation.20.2 In case of failure to resolve the dispute and/or

difference amicably, the dispute and/or difference

shall be referred to Arbitration presided by a sole

arbitrator.


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shall endeavor to inform the Customer of the

existence of a Force Majeure Event.

22.2 "Force Majeure Event" means an event arising due

to any cause beyond the reasonable control of i FAST,

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, and

computer hacking.