Terms and Conditions

Terms and Conditions of Use and its acceptance

Welcome to our website. By either accessing www.vittamantra.com (herein referred to as “website”) as a visitor or by registering with the website (This website is owned and operated by VittaMantra, herein referred to as “VM”), you are agreeing to be bound by the Terms and Conditions of Use as given below. In case you do not agree to the terms and conditions of Use then please stop using the services and information provided by the Website. Continued use of the website would be deemed as your acceptance of the Terms and Conditions, Privacy Policy, and Disclaimers of this website.

The term “VittaMantra” (or “VM”/”us”/”we”) refers to the owner of the website. The term “you” refers to the user or viewer of our website.

VittaMantra reserved the right, at its sole discretion, to modify, amend, add or delete certain sections of the Terms and Conditions of Use, Privacy Policy, and Disclaimers. We encourage you to visit these sections on our website from time to time to keep yourself abreast of the latest Terms and Conditions, Privacy Policy, and Disclaimers. Your continued usage of our website would be deemed as acceptance of the Terms and Conditions, Privacy Policy, and Disclaimers of this website.

Privacy Policy and Data Protection

VittaMantra privacy policy can be accessed at www.vittamantra.com/privacy-policy. This privacy policy governs and explains the usage of your personal and other data that VittaMantra has. You hereby agree with the VittaMantra Privacy Policy and give your consent to VittaMantra to use this data.

The use of VittaMantra website does not grant you any ownership of the Intellectual Property Rights, Logo, Brand, Designs, or Trademarks owned by VittaMantra. You are not allowed to use this without explicit approvals from VittaMantra.

Registration to the Website

While you register to the website by providing requisite details like email ID, Mobile Number, PAN Card Number, Address details, Aadhar Card Number, Name, or any other detail sought, it would be your responsibility to provide the correct information. This information can be shared with the Regulatory bodies like SEBI/RBI if and when sought from VittaMantra by these regulators.

It would be your responsibility to ensure that your details with us are most current and correct. Please note that to access this website as a Registered user you would be required to have a “Login ID” and “Password”. VittaMantra retains the right to allocate the Login ID to you as per their own discretion. You must ensure that you keep this Login ID and Password secure with yourself and do not share your password with anyone to prevent unauthorized access. VittaMantra shall have no liability in case of unauthorized access that results in your sharing of a password with others.

VittaMantra shall use the Mobile number/Email Address/Address Details provided by you to communicate with you. You may opt-out of some of these communications if you deem fit. VittaMantra would not be held responsible for non-delivery of these communications as these communications are carried through third-party service providers which may be beyond VittaMantra’s control.

VittaMantra would also generate alerts and news flash for you in your account. These could also be sent as SMS on your Mobile number or as emails to your email address provided to VittaMantra. You hereby agree to receive all these communications and alerts from VittaMantra. It would be your responsibility to maintain the computers/Mobile devices/Tablets/Internet Access required to access and utilize this site.

Investing through the Website

While you register on the website and start investing, it would be your responsibility to provide correct information on your PAN, Residential and Contact Address, Bank Account Details, Tax related and other Personal details. You would also be required to upload relevant documents like PAN card Copy, Address Proof Copy, Bank Statement/Cheque Book and Signature copy. This information would be used for facilitating your transaction and this information would also be shared with regulators, Asset Management Companies (AMC), Registrar and Transfer Agents (RTA), Bombay Stock Exchange (BSE), Payment Gateway Providers and other relevant entities. Your account would only be activated once your Know your Client (KYC) details have been assessed and checked and found to be correct as per the SEBI mandated laws and rules for KYC. In case VittaMantra observes any discrepancy then your request for registration can be cancelled. Any change in personal, PAN, Bank details should be shared with VittaMantra as soon as possible. Before investing in any Mutual Funds through VittaMantra website, you must read the scheme offer documents carefully. The scheme offer documents are available on the Asset Management Company Websites. The links to the Asset Management websites are also available on VittaMantra website. All Mutual Fund purchases must be done only and only from all your own bank account. If you transfer funds from any other bank account then your order may not be processed or even if it has been processed it can be reversed later by RTA/BSE. It is also your responsibility to ensure that all the amounts invested in Mutual Funds are through legitimate sources only and are not in contravention of any Regulations, Rules, Acts, Notifications, and Provisions of the Income Tax Act, Anti-Money Laundering Laws, Anti-Corruption Laws or any other applicable laws enacted by the Government of India. If you are an NRI, then you confirm that you are a Non-Resident of Indian nationality or origin and have remitted funds only through your own Non-Resident External / Non-Resident Ordinary account. VittaMantra might not be able to serve all geographies for distribution of its products and reserves the right to not offer its products and services to any customer as per its sole discretion.

The registration to the VittaMantra website to invest in Mutual Funds has been done solely by you after having read all the terms and conditions. VittaMantra does not share your login information with anyone and you must ensure that you do not share your login credentials (User ID and Password) with any third parties. You would be solely responsible for any unauthorized access to your account due to this sharing. You must also intimate VittaMantra immediately of any such unauthorized access. Your continued use of the VittaMantra website implies that you have read the terms and conditions and have agreed to adhere to those terms and conditions. VittaMantra reserves the right to terminate your account in case of any violations of the terms and conditions as per its sole discretion.

VittaMantra receives commissions from the AMC’s for the fund schemes being distributed from our Website and offline channels as VittaMantra is an AMFI registered Mutual Fund Distributor. The commissions have been displayed on our website for ready reference of all customers (under the Disclosure link) and have been disclosed to you adequately. You must go through the document. VittaMantra has disclosed all commissions that it would receive (upfront and trail) in the document. You also agree that VittaMantra has not offered any Cash backs, Gifts or rebates from the commissions to influence you directly or indirectly to invest in the mutual fund schemes.

VittaMantra has taken great care and effort in doing research in putting together the information, data, and analysis to facilitate and help you in making investment decisions that you could be best for you to meet your investment goals. The information available on the VittaMantra website, the recommendations and other data available does not amount to Investment Advice. You must take independent financial planning, legal, accounting, tax or other professional advice before investing or withdrawing from Mutual Funds schemes being offered by VittaMantra on our website or through our Offline channels.

VittaMantra has tied up with Bombay Stock Exchange (BSE) Star MF platform to process all your Mutual Fund Buy/Purchase/Redeem/Switch/Systematic Investment Plan (SIP)/Systematic Transfer Plans(STP)/Systematic Withdrawal Plan (SWP) etc. and pass them to the relevant AMC and RTA for processing. The Payment Gateway available on the VittaMantra website is also provided by BSE Star MF platform. VittaMantra does not offer all mutual Fund schemes for investing for its registered users and is not obliged to do that. VittaMantra would only be able to offer schemes that are available on the BSE Star MF platform. VittaMantra only distributed AMC products and does not warrant or guaranty the AMC or any mutual fund schemes that they offer. Your details like PAN, Address Details, FATCA declaration, Bank Details and Documents, Your Signature, etc would be shared with BSE Star MF platform to facilitate your Mutual Fund order and Payment processing to be passed on to relevant AMC’s and RTA’s. Such records may be used by the VittaMantra/BSE/AMC/RTA, in physical/offline/Online mode, for authorizing the transactions that have been submitted by you. VittaMantra and BSE would be sending your messages on the Mobile Number and email ID provided by you to inform you the status of your orders/ Investments/Portfolio/New schemes etc and this consent will override any registration for Do Not Call (“DNC”) / National Do Not Call (“NDNC”) registry.

For investment in Systematic Investment Plans, your NACH/ECS mandate would need to be sent to BSE and further to your Bank for registration. Only post this successful registration and subsequent successful money transfer, your requests for subscriptions will be sent to the relevant AMC’s. Subscription to the Fund Schemes is subject to realization of funds.

VittaMantra would not be liable for any loss of interest and/or opportunity loss and/or any loss arising due to movement of Net Asset Value (NAV), notional or otherwise, due to any Subscription/Redemption/SIP/STP/SWP etc order not being processed, rejected or being delayed at AMC, RTA, Bank, BSE or VittaMantra due to manual or autoprocessing, breakdown of technology systems and connectivity, website out of service etc. Any order placed on a holiday or after the cut-off time on the day just before the holiday would be processed on the next business day and the NAV would be applicable as per the respective scheme related documents. All directions given by you for SIP/STP/SWP would be considered as the bonafide orders placed by you and would be sent for processing to BSE and subsequently to AMC’s and RTA’s. You agree to these terms and conditions by registering with VittaMantra.

You acknowledge that the software and hardware underlying the site, as well as other Internet-related software required for accessing the website, are the legal property of the respective vendors. The permission given by VittaMantra to access the website will not convey any proprietary or ownership rights in the above software/hardware. You agree that you shall not attempt to modify, translate, disassemble, decompile, or reverse engineer the software/hardware underlying the website, or create any derivative product based on the software/hardware.

Third-Party Service providers and Links to Website

You understand and accept that VittaMantra is not responsible for the availability of content, or other services on third-party sites linked from the website. You are aware that the access of hyperlinks to other internet sites are at your own risk, and the content, accuracy, opinions expressed, and other links provided by these sites are not verified, monitored or endorsed by VittaMantra in any way. VittaMantra does not make any warranties, and expressly disclaims all warranties, express or implied, including without limitation, those of merchantability and fitness for a particular purpose, title or non-infringement with respect to any information or services or products that are available or advertised or sold through these third-party websites.

VittaMantra shall not be liable if any transaction does not fructify, or may not be completed, or for any failure on the part of VittaMantra to perform any of its obligations under these terms and conditions, or those applicable specifically to its services/facilities if performance is prevented, hindered or delayed by a Force Majeure event (defined below). In such a case, its obligations shall be suspended for so long as the Force Majeure event continues.

“Force Majeure Event” means any event due to any cause beyond the reasonable control of VittaMantra, including and without limitations the unavailability of any communication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of God, civil commotions, strikes or industrial action of any kind, riots, insurrection, war, acts of the government, computer hacking, unauthorized access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal, or the systems getting affected by any malicious, destructive or corrupting code or programme, mechanical or technical errors/failures or power shut down, faults or failures in telecommunication, etc.

Disclaimer

We encourage you to keep yourself abreast of the latest Disclaimer by visiting the page from time to time. Any changes to the disclaimers would be updated. Your past and continued use of the website would be deemed as the complete and correct understanding of the Disclaimer put up on this website. We do not promise/warrant/guarantee any commitments about the products/services/opinions/data/information/blogs etc. on this website. The service is provided ‘AS IS”. The data, analysis, information compiled by us on our website is done to help you make informed decisions. You must independently validate these yourself to your complete satisfaction before taking financial or other decisions. The information provided by us does not constitute advice in any manner whatsoever.

Liability

The “registered users” and “visitors” agree that your use of this website is at your SOLE RISK.

This website could be unavailable/delayed due to technical maintenance, disruptions, and interruptions. There can be factual or typographical errors, unintentional factual inaccuracies on the content/data/information/views/opinions/blogs etc. VittaMantra, its employees/vendors/third-party service providers/directors/authorized personnel shall not be liable for any direct, indirect, special, incidental, punitive or consequential damages arising out of or in any way connected to the use of this website, in any event.

VittaMantra and its third-party partners shall not be will not be responsible for lost profits, revenues, or data, financial losses, or any damages.

Indemnification

You agree to Indemnify, protect, fully compensate, defend and hold harmless, VittaMantra and its Directors, Employees, Affiliates, Group Companies, Authorized Personnel, Sub Brokers, Agents, Representatives, contractors, from any losses imposed or claims asserted and incurred due to you accessing this website, your violation, and infringement of the terms and conditions or any violations of intellectual property.

Rules for posting comments and content

While posting any comments or content on this website:
You shall not post anything defamatory, libelous, threatening, infringing, obsence, indecent, unlawful, abusive, racially or ethnically offensive, pornographic, hateful in nature. You agree that VittaMantra shall have the license to use, reproduce, distribute, display and modify all or portion of your posts. You agree that VittaMantra shall have the necessary rights and license to the same at no bearable costs to you.

Termination

These Terms and conditions of use shall remain in force till you remain a “registered user” or “visitor” to this site. VittaMantra reserves the right to terminate the rights granted to you in case of non-compliance with the terms and conditions.

SEBI Disclaimer

Past performance of Mutual Funds is not an indicator of future returns. All Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.

Jurisdiction

You accept that the Courts in Bangalore alone shall have exclusive jurisdiction as regards to any claims or matters arising out of dealings with VittaMantra. All disputes will be governed by the laws of India.

Investment or any other advice

The client agrees that none of the services available on the website shall amount to investment advice on the part of VittaMantra.

The client agrees that in the event of VittaMantra or any employee or official of VittaMantra, providing any information, recommendation or advice to the client, the client may act upon the same at the sole risk and cost of the client, and VittaMantra shall not be liable or responsible for the same.

VittaMantra and its officers, directors, partners, employees, agents, and affiliates will have no liability with respect to any investment decisions or transactions of the client.

Miscellaneous

VittaMantra does not warrant that the service will be uninterrupted or error-free. The service is provided in an “as is” and “as available” basis without warranties of any kind, either express or implied, including, without limitation, those of merchantability and fitness for a particular purpose. The client agrees that VittaMantra shall not be held responsible for delays in transmission of orders due to breakdown of the system or failure of communication facilities either due to the fault of the systems of VittaMantra or of the Exchanges or otherwise or for any other delay beyond the reasonable control of VittaMantra due to a breakdown or failure of communication facilities or for any other delay beyond the reasonable control of VittaMantra.