"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 Working Day or a day by any other name called on which the AMC accepts applications forms and as more specifically defined in the Scheme Information Document of the respective schemes;

"Codes" shall have the meaning ascribed to it in Clause 8.2;

"Customer" means any person(s) 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.

"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 Scheme Information Document and prospectus of the Mutual Fund that is a part of the scheme’s application form.

"KYC" means Know Your Client 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 Client’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 Scheme Information Document of the respective Mutual Funds or as may be prescribed by SEBI regulations from time to time;

"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 authorization, 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 an Officer or Service Provider reasonably believes to be the authorization, request, instruction or order of the Customer;

"Person" includes any government, statutory body, corporate, business, firm, partnership, cooperation or unincorporated body;

"Personnel" mean 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 authorized or recognized by SEBI or any other regulatory authorities (or deemed to be authorized or recognized under law) and distributed by or made available through iFAST from time to time (“financial products”);

"Product Providers" means an entity offering any Products on iFAST platform.

"SEBI" means the Securities 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;


2.1 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 gives iFAST any Orders subsequent to the said change in terms and 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 Scheme Information Document / Statement of Additional Information / Key Information Memorandum (as updated by issue of relevant addenda).

3.2 The Customer authorizes, 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 subject to 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.

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 there under. 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 within the time limits as may be prescribed by iFAST for address verification and any other details as may be 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 CVL or any other relevant authority with respect to PAN and other 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 for not submitting the correct and complete documents to iFAST within the prescribed time limits, if any and/or undertaking any Transaction without a valid PAN and /or compliance under KYC and submission of 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 authorized 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 favor of any Person (other than iFAST) any interest by way of trust or otherwise in any Investment Account. iFAST shall not be required to recognize 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.

3.10 The Customer agrees and accepts that iFAST has the sole discretion to restrict a particular set / class of Customer(s) 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 unauthorized access to details relating to the dealing with iFAST through the website, and iFAST shall not be liable for any such unauthorized 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 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 authorizes 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. 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 authorized 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.


4.1 iFAST has full rights to reject the Investment Account opening application 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 procedures 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 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.


5.1 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 execute the 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. 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 authorized 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 realization / utilization of the funds and acceptance of the Transactions by the Mutual Funds / their authorized 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 Scheme Information Document 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 authorized 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 authorized 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 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 any refusal to accept or delay in accepting such Order by the AMC.

5.9 The Customer acknowledges that the issue prices and redemption (realization) 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.


6.1 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 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, 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 Scheme Information 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 or omission in any Scheme Information Document, Statement of Additional Information 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 in connection with the performance of any Mutual Fund schemes. The Customer acknowledges the desirability and importance of seeking independent financial or professional advice 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 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.


7.1 iFAST may, at any time 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 the relevant limit or restriction imposed is not breached or to entirely reject such Order.


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 recognized 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 on that assumption. The Customer shall be fully responsible and liable for any Orders placed with iFAST through the use of the Electronic Services notwithstanding that such Order may have been given by a third party with or without authority to give such instructions or Order on behalf of the Customer.

8.4 In utilizing the Electronic Services, the Customer agrees not to do anything that will violate, infringe, prejudice or in any way affect iFAST's or any third party's intellectual property rights (“IP Rights”) and shall take all necessary measures to preserve and protect these IP Rights. All IP Rights (whether by way of copyright or otherwise) in the information or reports available from or generated by the Electronic Services vest solely in and will remain the exclusive property of iFAST.

8.5 The Customer understands the risk of electronic instructions given by the Customer not being genuine or being forged, fraudulent, ambiguous or erroneous lies solely with the Customer, and the Customer undertakes to keep iFAST and its Personnel indemnified against all Loss incurred by iFAST or its Personnel arising out of anything done or omitted pursuant to the said electronic instructions given or purportedly given by the Customer or his authorized person, including but not limited to:
(a) the loss or unauthorized use of the Codes;
(b) the unauthorized use of or access to the Electronic Services;
(c) forgery of the Customer’s digital signature;
(d) any delay, fault, failure or loss of access to, or unavailability of the Electronic Services for whatever reason.

8.6 In the use of the Electronic Services, the Customer shall not:
(a) reproduce, retransmit, disseminate, sell, distribute, publish, broadcast, circulate, exploit (whether for commercial benefit or otherwise) the information and/or reports obtained from or through the Electronic Services in any manner whatsoever without the express written consent of iFAST and shall not use the information for any wrongful or illegal purpose or in contravention of applicable laws;
(b) make any additions, modifications, adjustments or alterations to, tamper any part or corrupt any information or services available on or through the Electronic Services;
(c) permit any equipment or software to be linked to or communicate in any manner or be used in connection with any other service or system whereby any information and/or reports obtained from iFAST may be accessed, used, stored or redistributed by or through such other equipment or software; and
(d) use the facilities available under the Electronic Services otherwise than as contemplated under these terms and conditions or such other directions which may be issued by iFAST from time to time.

8.7 In providing the Electronic Services to the Customer, iFAST may in its sole and absolute discretion, from time to time and without notice to the Customer:
(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.


9.1 Fees charged by iFAST for carrying any transactions on the website www.fundsupermart.co.in maintained by iFAST, will be displayed in the post log-in section and may be subject to changes at the sole discretion of iFAST.

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 deductions or withholdings. In case where the Customer chose to combine the investment amount with the payment of any additional Fees charged by iFAST on account of any Transaction, iFAST / Service Provider shall deduct such Fees and make the investment for the net amount.

9.5 Any taxes, duties, disbursements, costs and/or other expenses incurred by iFAST in connection with the account or otherwise in connection with the Customer shall be borne by the Customer who shall reimburse iFAST for any such said payments made by iFAST on behalf of the Customer. All interest, Fees, commissions and other charges of iFAST are exclusive of any goods or services tax or any other applicable tax which shall be borne and separately charged to the Customer.

9.6 The Customer acknowledges that in relation to investments in the Mutual Funds, the Mutual Fund would pay monies (by way of commissions, discounts, fees or otherwise) to iFAST in connection with, or in relation to, the issue of Units to or for the Customer, or other dealings in connection with Units in any Mutual Fund. The Customer agrees that iFAST may retain these monies for its sole benefit and is under no obligation to account to the Customer for such monies.

9.7 iFAST may at its full and absolute discretion charge a sales charge (“Sales Charge”) for the subscriptions of Units in any of the Mutual Funds. iFAST reserves the right to vary and increase the Sales Charge from time to time. The Sales Charge is separate and independent of the initial sales charge or upfront fees which may be charged by the Mutual Funds.


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 authorized 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.

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) (as the 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.


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 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 Form or in the furnishing or online updating of the particulars by the Customer.


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 recognized 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.


13.1 In addition and without prejudice to any other right or remedy of iFAST (at law or otherwise) the Customer shall indemnify and hold iFAST/AMC and its Personnel harmless from and against any and all Loss suffered or incurred by iFAST and/or its Personnel as a result of:
(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.


14.1 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 customized 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 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 unauthorized 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 to the 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.


15.1 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;
(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.


16.1 In the event that the Investment Account is terminated by either Party in accordance with 15.1 above, Product Provider/ iFAST shall deduct from Customer account 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 there under;

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);
(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.


17.1 The Customer acknowledges and agrees that any communication (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.

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.


The intellectual property in all material provided on the website (including any Scheme Information Document, 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 any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of iFAST. Further, Customer or an authorized 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 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 iFAST or its relevant affiliate. Customer also agrees not to use any information available on iFAST website for any unlawful purpose, and Customer shall comply with any request of iFAST or any of the third party providers to protect their respective rights in the information.


19.1 Customer is instructed that any information on the website of iFAST should be used in conjunction with investment techniques, which may include obtaining applicable legal, accounting, tax or other professional advice or services. iFAST is not responsible for any omissions, errors or investment consequences arising from the use of this material available on the website of iFAST by Customer. The data and information provided on the website of iFAST does not constitute advice and should not be relied upon while taking investment decisions.

19.2 Whilst every reasonable precaution has been taken to ensure the accuracy, security and confidentiality of data and information available through the website, iFAST shall not be held responsible for any consequence of any action carried out by Customer or unauthorized person.

19.3 iFAST makes no express or implied warranty:
i. that the dealing with iFAST through the website will be uninterrupted or free from errors or that any identified defect will be corrected;
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; or
iv. 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.


20.1 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.

20.3 The Arbitration proceedings shall be governed by the Arbitration and Conciliation Act, 1996 or any amendment thereto.

20.4 The Arbitration proceedings shall be held in Mumbai, India and in the English language.

20.5 The Parties hereto shall submit to the Arbitrator's award and the award shall be enforceable in any competent court of law.

20.6 The provisions of this clause shall survive the termination of these terms and conditions for any reason whatsoever.

20.7 Notwithstanding anything contained above, dispute either judicial or quasi judicial the same will be subject to the exclusive jurisdiction of the courts in Mumbai.


These terms and conditions, any Investment Account, and the relationship between the Customer and iFAST, and the rights and obligations contemplated there under, shall be governed by and be construed in accordance with the laws of India.


22.1 iFAST shall not be liable for any failure to perform any of its obligations under this terms and conditions if the performance is prevented, hindered or delayed by a Force Majeure Event (defined below) and in such case its obligations shall be suspended for so long as the Force Majeure Event continues. iFAST 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 iFAST, 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.