Date of last revision: December 7th, 2018
This document (“Services Agreement”) is a legal contract between Sahas Gulati (“Us”, “We”, “Clarified”) and the user of the services covered in this document (“Customer”). By proceeding with the payment to Clarified, the Customer unequivocally agrees to the terms of this Agreement.
Clarified will provide the Customer with an appropriately documented plan of investment based on the scope agreed by Clarified and the Customer.
Clarified will assess the risk appetite and the risk capacity of the Customer based on the inputs provided by the Customer, and ensure that its recommendations carry the appropriate level of risk.
Clarified will schedule a telephonic discussion, at a mutually agreed time, with the Customer to discuss its recommendations, answer Customer questions regarding the recommendations, and get Customer feedback on the suitability of the recommendations.
Clarified will answer Customer questions and offer clarifications regarding the recommendations made to the customer for a duration agreed to by Clarified and the Customer. Clarified will endeavour to revert with a response within 2 working days (Monday to Friday, excluding public holidays), but may take longer depending on the complexity of the inputs sought.
Clarified will facilitate the process of investing in mutual funds through MF Utilities India Pvt Ltd. on a best efforts basis, subject to the Customer fulfilling the eligibility criteria for eCAN and ePayEezz services provided by MF Utilities India Pvt Ltd.
The Customer will furnish a copy of its PAN card, identity proof, and address proof to Clarified in accordance with the Know Your Client (KYC) requirements of Securities and Exchange Board of India (SEBI).
The Customer will provide accurate, up-to-date, and complete information covering risk appetite, financial goals, income, expenses, assets, liabilities, and other inputs requested by Clarified.
It is the sole responsibility of the Customer to ensure the accuracy, recency, and completeness of the information provided to Clarified.
The implementation of the recommendations made by Clarified in the Financial Plan are the Customer’s responsibility.
The Customer acknowledges that Clarified will facilitate the process of investing in mutual funds through MF Utilities India Pvt Ltd. on a best efforts basis, subject to the Customer fulfilling the eligibility criteria for eCAN and ePayEezz services provided by MF Utilities India Pvt Ltd.
Charges and fees
Clarified will provide services as per the scope agreed to by the customer, for a fixed, one-time consideration (“Fee”). The Fee is payable in advance and is non-refundable, except at the sole discretion of Clarified.
Clarified will not receive consideration by way of remuneration or compensation or in any other form from any person other than the Customer, in respect of the underlying products or securities for which advice is provided.
Information and documents furnished by the Customer to Clarified and the recommendations provided by Clarified to the Customer are confidential.
Neither party will disclose this information to third parties, except as agreed in writing or as required by law.
Investment and third party risk
Clarified recommends investment and insurance products based on publicly available information about past performance and product features. Clarified does not guarantee the future performance of the products it recommends, as it is subject to market, currency, economic, political, business, and other risks beyond Clarified’s control.
The Customer understands that investment decisions will not always be profitable. Except as may otherwise be provided by law, Clarified will not be liable to the Customer for: 1. Any loss the customer may suffer on account of an investment decision made on Clarified’s recommendation; 2. Any loss arising from Clarified’s adherence to the Customer’s written or oral instruction.
Moreover, Clarified will not be responsible for any losses arising from delay, negligence, or any other action of third parties including but not limited to the MF Utilities India Pvt Ltd., asset management companies, and any other issuers of securities.
Limitation of liability
In no event, either Clarified or the Customer will be liable for any indirect, special, incidental, consequential, punitive or exemplary damages or loss of any kind (including but not limited to loss of profit, loss of revenues) howsoever caused, in connection with this Services Agreement.
In any case the maximum liability of Clarified will be limited to the aggregate amount of fees paid by the Customer.
The laws of India and the jurisdiction of the courts of Bengaluru, Karnataka will apply to any dispute arising out of or in relation to the Services Agreement.
All disputes will be subject, first, to mediation, and then by arbitration by a sole arbitrator appointed by Clarified in accordance with Indian law. The venue of arbitration will be Bengaluru, Karnataka.
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.
Scheme Related Documents: Offer Document, Scheme Information Document, Statement of Additional Information, Key Information Memorandum, issued by the Asset Management Company that manages the mutual fund.