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PHONEPE WEALTH BROKING PRIVATE LIMITED TERMS AND CONDITIONS

PhonePe Wealth Broking Private Limited (hereinafter referred as “PhonePe Wealth
Broking”/”Us”/”We”/”our”) offers the facility to enable Registered Users to
carry out transactions in units of different mutual fund schemes. PhonePe Wealth
Broking holds a registration with the Association of Mutual Funds of India
(“AMFI”) under ARN No. 187821 and is authorized to act as a distributor of
mutual funds. Your use of the Services made available by PhonePe Wealth Broking
as a Registered User and/or an Investor shall be governed by these PhonePe
Wealth Broking Terms and Conditions (“Terms”).

When you voluntarily provide any of your Personal Information requesting to
avail a service or Services from PhonePe Wealth Broking you become a Registered
User and customer of PhonePe Wealth Broking (“Registered User”/”you”/ “your”) ,
you acknowledge that you have read, understood and agreed to these Terms as well
as the Privacy Policy. We urge you not to proceed with the usage of the Services
if you do not agree to either the Terms or the Privacy Policy.

These Terms shall constitute a computer-generated electronic record published in
terms of the Information Technology (Intermediaries Guidelines) Rules, 2011 read
with the Information Technology Act, 2000 and does not require any digital
signatures.

As a Registered User, you shall be entitled to inter alia avail facilities of
purchasing, redeeming and switching of mutual fund Units (“Transaction/(s)”) of
Schemes of Asset Management Companies (“AMCs”) with which PhonePe Wealth Broking
has arrangements with to act as a distributor (hereinafter referred collectively
as “Services”). "Unit" shall mean the interest of an investor, which consists of
one undivided share in the Net Assets of the Scheme.

BY PROCEEDING WITH THE USE OF THE SERVICES, YOU AGREE AS FOLLOWS:

 1.  ELIGIBILITY:
     By proceeding to avail the Services, you represent to PhonePe Wealth
     Broking that you are competent to contract within the meaning of the
     Contract Act, 1872 and at least 18 (eighteen) years of age. You also
     understand that the Services can currently only be availed by Indian
     Citizens and tax residents of India.
 2.  GENERAL TERMS AND YOUR AUTHORIZATIONS TO US:
     1.  Your access to the Services will be activated after PhonePe Wealth
         Broking verifies your personal information in accordance with the Know
         Your Client ("KYC") guidelines issued by the Securities and Exchange
         Board of India ("SEBI"), from time to time.
     2.  If you are a first-time investor and are purchasing Schemes for the
         first time, you agree to provide to PhonePe Wealth Broking all
         documents requested for by the AMC for the purpose of completing the
         Know Your Customer (“KYC”) and Anti-Money Laundering compliance process
         in accordance with applicable law.
     3.  You authorize PhonePe Wealth Broking to utilize your KYC information
         including identity and all statutorily mandated documents such as PAN
         Card and share such information with the AMCs / PhonePe affiliates or
         PhonePe Platform (Refers to any online/offline asset
         owned/subscribed/used by PhonePe Wealth Broking, PhonePe Private
         Limited or any other PhonePe Entities not limited to websites, mobile
         applications, devices, URLs/links, notifications, or any other
         communication medium user by PhonePe Entities to provide its PhonePe
         Service to it’s Users) for the purpose of validation or for availing
         PhonePe Service ("PhonePe Service" - shall include all services
         extended / to be extended by PhonePe or PhonePe entities including but
         not limited to PPI, PA, PG, BBPOU, AA, Insurance, MF, Gold purchase,
         Bill payment & recharge, In-app including others) and/or to comply with
         regulatory requirements in connection with your investment in the
         Scheme/(s). You further accept and understand that for any Transactions
         that are submitted offline i.e. with wet signatures, the signature
         available in your KYC records would be used for signature verification.
         You agree to be solely liable to inform both PhonePe Wealth Broking as
         well as the concerned AMCs in case of any change in your KYC
         information including change in signature/ signatories etc. and in the
         event of my / our signature not being updated, available or legible in
         KYC records, the AMC would be within its rights to carry out further
         checks to validate the authenticity of the request or reject any such
         offline request based on existing KYC information.
         
         You agree and understand that the Services provided herein are
         presently available only in respect of limited mutual fund schemes
         (“Schemes”) managed by AMCs with which PhonePe Wealth Broking has
         entered into specific legally binding arrangements. Apart from the
         Schemes / Products / Plan available on PhonePe platform, clients may
         consider alternate Products/Schemes/Plans which are not offered at
         PhonePe platform, by visiting websites of respective AMC.
     4.  You also agree and understand that the Transactions done by you will be
         tagged with PhonePe Wealth Broking’s ARN No. 187821 and shall not be an
         investment under the Direct Plan.
     5.  You agree to comply with Know Your Customer (“KYC”) and Registering
         Agency (“KRA”) requirements as required under the SEBI (KYC
         Registration Agency) Regulations, 2011, SEBI Act, 1992, Prevention of
         Money Laundering Act, 2002 and other laws, regulations, circulars and
         notifications issued from time to time including without limitation the
         Foreign Exchange Management Act and RBI guidelines thereunder to the
         extent applicable.
     6.  By proceeding to invest, you hereby irrevocably grant to PhonePe Wealth
         Broking, its affiliates and the associated AMC your consent to collate
         Transaction details relating to your investment in the units of the
         Schemes and transmit such Transaction data to the concerned AMC or the
         Registrar and Transfer Agent (“RTA”) of the AMC for further processing.
     7.  You hereby agree to provide any and all information that may be
         required by PhonePe Wealth Broking or the AMC to comply with applicable
         laws including without limitation contact details, tax filing
         information, identification documents etc as maybe required under KYC
         regulations promulgated from time to time. You agree that aforesaid
         information provided by you to PhonePe Wealth Broking from time to
         time, may be shared by PhonePe Wealth Broking with the AMCs or their
         respective authorized service providers, auditors, legal and tax
         consultants and other third-party service providers of PhonePe Wealth
         Broking to the extent necessary to provide you the Services. You also
         agree that PhonePe Wealth Broking/AMC/authorized service providers of
         the AMC may take steps to verify the veracity of such information
         provided by you and you agree to co‐operate with Us as well as the AMC
         in providing all information requested for. You acknowledge that
         failure to provide such information in a timely manner may result in
         your ineligibility to avail of some or all of the Services and that
         PhonePe Wealth Broking or the AMC shall in no way be held liable for
         any losses of whatsoever nature resulting from such failure to provide
         information on your part. You agree that any information provided by
         you may be required to be shared with relevant regulatory / statutory
         authorities and you authorise PhonePe Wealth Broking to provide all
         information to such regulatory / statutory authorities as and when
         required.
     8.  You agree to PhonePe Wealth Broking fetching your Aadhaar and PAN
         details from DigiLocker or any other such application through the
         vendor authorised by PhonePe Wealth Broking in this regard and sharing
         it with KRAs for KYC verification and registration. In case your PAN is
         not available, PhonePe Wealth Broking shall fetch and add your PAN
         through its vendor to your DigiLocker or any other such application for
         processing your KYC application. Such vendor shall be one of the
         approved technology application provider for AMC's to fetch your data
         and documents from Digilocker / similar application for processing your
         KYC.
         1. You agree and understand that the execution of the Transactions with
            the AMC are subject to the terms of the Scheme related offer
            documents issued by the concerned AMC as well as the Scheme
            Information Document (“SID”) and other addendums issued thereto from
            time to time (“Scheme Documents”). You acknowledge that you have
            read all Scheme Documents before proceeding with the Transaction and
            understand the disclosures made in the SID/SAI/ /KIM relating to
            general risks of investing through mutual fund schemes as well as
            scheme specific risks such as;
            1. returns being subject to market risk including loss of capital on
               account of market volatility, force majeure events, changes in
               political and economic environment, default by issuers of
               securities to mutual funds, bankruptcy or insolvency of issuers
               and potential segregation of portfolio by AMC in such
               circumstances;
            2. suspension of redemption facility in case the scheme faces
               liquidity crisis; 
            3. risks associated with subscription to new fund offering of the
               scheme such as price volatility risk, liquidity risk and
               delisting risk; 
            4. winding up of schemes on account of illiquid instruments, higher
               volume of redemption requests from the investors or on account of
               unforeseen market events.
     9.  Transaction requests placed by you shall be subject to your
         satisfactory completion of Know Your Customer (“KYC”) process,
         investment readiness and verification process mandated by the law
         and/or AMC as well as conditional on you completing the payment towards
         the subscribed Scheme and AMC receiving the aforesaid amounts. You
         understand that it is your sole responsibility to maintain sufficient
         balance in your bank account when you pay for the subscription via the
         Unified Payment Interface (“UPI’) or other payment methods enabled from
         time to time. Neither PhonePe Wealth Broking nor the AMC shall be
         liable for failure in fulfilling the Transaction request on account of
         insufficient funds in your bank account.
     10. You accept that for any transactions that are submitted offline i.e.
         with wet signatures, the signature available in my KYC records would be
         used for signature verification. You agree and understand that you
         shall be solely liable to inform Distributor / AMC in case of any
         change in your KYC information including change in signature/
         signatories etc. and in the event of your signature not being updated,
         available or legible in KYC records, Distributor/ AMC would be within
         its rights to carry out further checks to validate the authenticity of
         the request or reject any such offline request based on existing KYC
         information. If your KYC is verified through AADHAAR based
         verification, you hereby declare that you will not submit any Offline
         transactions to AMC/Registrar and always execute transactions through
         Online mode only. You are aware such Offline transactions will be
         rejected and you will not hold the AMC/Registrar/ Distributor
         responsible for such rejections.
     11. If You are an existing client purchasing a new/fresh Schemes, you agree
         and understand that the existing KYC information and documents which
         are in our record will be shared with AMC for the purpose of completing
         the Know Your Customer (“KYC”) and Anti-Money Laundering compliance
         process in accordance with applicable law.
 3.  COLLECTION AND USE OF YOUR INFORMATION:
     1. You agree, understand and unequivocally consent to PhonePe Wealth
        Broking either directly or through its other affiliates collecting,
        using and storing Your personal information for the purpose of
        effectively delivering the Services as well as complying with applicable
        law. You also understand that PhonePe Wealth Broking may and in
        accordance with the PhonePe Privacy Policy use your personally
        identifiable information to complete KYC for other service offerings of
        PhonePe Wealth Broking, its affiliates, or PhonePe entities which you
        may opt to avail. However, it is hereby clarified that such information
        will be used in the manner stated herein only if you opt to avail such
        other service offerings and Our use of the information shall be
        restricted to the purpose of meeting compliance requirements connected
        to such service offerings.
     2. You agree and understand that PhonePe Wealth Broking shall have the
        right to communicate with you and contact you for all purposes connected
        with the Services including for marketing and promotion of other
        offerings of PhonePe Wealth Broking either by writing to your registered
        e-mail, via SMS to your registered mobile number or by contacting you
        through voice calling to your phone number or notifications or any other
        progressive communication mode.
     3. PhonePe Wealth Broking may also contact you and use your personal
        information in connection with the provision of Services in relation to:
        (i) communicating with the AMCs or RTAs on your behalf; (ii) sharing
        your information with AMCs and other third parties for the limited
        purpose of validation to comply with legal and regulatory requirements
        and for fulfilling PhonePe Wealth Broking’s other obligations as a
        distributor; (iii) forwarding your Transaction data and other requests
        to the respective mutual funds/ AMCs with respect to your instructions
        and orders of sale, purchase, switch or redemption and other financial/
        non-financial transactions of the Scheme units; (iv) transmitting to the
        mutual fund/ AMC, information regarding your nomination, changes in
        investment plan or any other changes requested by you; and/or (v)
        obtaining and forwarding to the AMC, your information as is available
        with the KRA.
 4.  TERMS REGARDING TRANSACTION PROCESSING:
     1.  Subject to your compliance with all applicable law and KYC
         requirements, your Transaction Instructions will be processed the same
         day if received before the cut-off time(s) specified by PhonePe Wealth
         Broking. Else, your Instructions will be processed on the next business
         day. PhonePe Wealth Broking may specify cut-off time(s) earlier than
         the time(s) specified by the AMC and you agree to be bound by such
         requirements placed by PhonePe Wealth Broking. Notwithstanding the
         foregoing, you understand that PhonePe Wealth Broking shall not be
         liable for delays in processing Transaction instructions received from
         you on or before the cut-off time if such delay is caused due to an act
         of God, force majeure events, breakdown/interruption or any technical
         flaw and any loss caused due to these reasons shall not be the
         responsibility of PhonePe Wealth Broking.
     2.  The money for your monthly SIP will be deducted from your account on
         the scheduled investment date on a best-effort basis, even if the date
         falls on a weekend or a bank holiday.
         In case your payment gets delayed due to any technical issues while
         trying to complete it on the scheduled investment date, we will try
         that your payment is debited on a best-effort basis at a later date of
         the same month, given, the issue is resolved. Accordingly, the NAV of
         the units allocated will be of the day when your SIP amount is credited
         into the mutual fund’s scheme account as per applicable cut-off
         timings, once we receive a confirmation of debit from your bank.
     3.  All authorised and complete Transactions will be processed at the
         applicable Net Asset Value (“NAV”) as defined in the Scheme Documents
         of respective schemes of Mutual Funds subject to receipt of funds and
         acceptance of your transaction by the AMC/ RTAs. However, PhonePe
         Wealth Broking shall not be liable for any loss that may arise to you
         as a result of incorrect NAV applied on units allotted to you by the
         AMC or other third party associated with the AMC.
     4.  Any Transaction request placed on a holiday would be processed in
         accordance with the process and other terms as set out in the SIDs. You
         are requested to refer to the SID for details of processing date and
         the applicable NAV at which your investment would be processed.
     5.  The Transaction requests once processed and placed cannot be cancelled.
     6.  Any application for redemption, purchase or Switch or any other
         instruction must be correct, complete, clear and unambiguous in all
         respects and should conform to the prescribed procedure/documentation
         and regulatory requirements, failing which, PhonePe Wealth Broking
         and/or the AMC reserve the right to reject the same and in such a case
         PhonePe Wealth Broking shall not be responsible for any consequence
         arising therefrom.
     7.  PhonePe Wealth Broking may in its sole discretion refuse to transmit
         your Transaction data to the AMC/ its authorised agents unless, they
         are given in a manner and form acceptable to PhonePe Wealth Broking and
         in accordance with PhonePe Wealth Broking’s right to verify such
         Transactions. However, PhonePe Wealth Broking shall have no
         responsibility to determine the authenticity of any Transactions done
         or purported to be done by you. You shall not hold Us liable on account
         of our acting in good faith on any of your Transaction done or
         purported to be done by you.
     8.  PhonePe Wealth Broking will subject to fulfilment of conditions set out
         in (f), forward your Transaction instructions to the AMC electronically
         and the AMC will process the transactions on the basis of such
         electronic instructions. However, the final acceptance of your
         investment in a Scheme shall be at the sole discretion of the AMC.
         Further, PhonePe Wealth Broking, the AMCs shall process transactions as
         per transaction limits defined by different regulators.
     9.  In the event that you have opted for Automated Investment Plans or
         Systematic Investment Plans, the same would be processed subject to you
         retaining sufficient balance in the linked bank account. You further
         agree and acknowledge that your bank may apply charges for setting up
         automated mandates or debit from your bank account or otherwise. Any
         charges assessed by your bank are based on arrangement between You and
         Your bank and PhonePe Wealth Broking/AMC shall not be responsible for
         any such charges.
     10. You agree to indemnify PhonePe Wealth Broking, the AMC, trustees to the
         AMC, its respective officers, directors, employees and agents against
         any improper/ fraudulent Transactions, improper/fraudulent fund
         transfer transactions done or purported to be done by you. PhonePe
         Wealth Broking/AMC shall not be obligated to accept from you any oral
         instructions for carrying out any Transactions. Further PhonePe Wealth
         Broking, AMC, trustees to the AMC, its respective officers, employees
         and agents shall be indemnified for and held free and harmless from and
         against any and all costs, claims, losses or liabilities of any nature
         (direct or indirect) resulting from the act of purchase, redemption or
         switch of mutual fund units, together with any and all attendant costs
         and expenses including reasonable legal fees and expenses, that PhonePe
         Wealth Broking, AMC, trustees to the AMC, its respective officers,
         employees and agents may incur or be subject to, in relation to the
         Transactions conducted by you. You also acknowledge that the security
         and the control provided by PhonePe Wealth Broking are designed to
         verify the source of the communication and not to detect errors in
         transmission or content including discrepancies.
     11. PhonePe Wealth Broking reserves the right to reverse transactions or
         sell units owned by You on PhonePe Wealth Broking that violate the laws
         of land or were proceeds of illegal/illegitimate activities as notified
         by the government and courts of India or as notified by any Legal
         enforcement agency. You further authorise PhonePe to reverse or sell
         units owned by you in case of intended or unintended misuse of PhonePe
         Service provided by PhonePe Wealth Broking or PhonePe entities and
         report it to Legal enforcement agencies, AMC and regulators.
     12. Currently, PhonePe Wealth Broking only processes single mode of holding
         and does not process joint holder investment requests. Further, you
         understand that PhonePe Wealth Broking will not entertain any request
         for change of mode of holding or addition of a joint holder once you
         have already subscribed to a Scheme and a folio has been allotted to
         you.
     13. In the event that you wish to change your personal details, you will be
         required to submit the requisite details to PhonePe Wealth Broking in
         writing or in such other modes as determined by PhonePe Wealth Broking
         to enable PhonePe Wealth Broking to process the relevant form to effect
         the change at the AMC’s systems.
 5.  YOUR COVENANTS AND DECLARATIONS:
     1.  You covenant to PhonePe Wealth Broking that the money you invest in the
         Schemes is sourced from your bank account (or joint account) and the
         amounts so invested are derived from legitimate sources and not held or
         designed for the purpose of contravening any law, regulation,
         government order, circular or ordinance. You declare that the monies
         sourced for the investment does not involve a design to contravene any
         Act, Regulation, Circular, notifications or directives of the Income
         Tax Act, Anti Money Laundering Laws, Anti-Corruption Laws or any other
         applicable laws enacted by the Government of India from time to time.
     2.  You hereby confirm that the contact details (email id, mobile number
         etc) provided at the time of account opening belongs to "Self" unless a
         specific relationship has been selected by You.
     3.  You further covenant that all documents submitted to PhonePe Wealth
         Broking by you for KYC compliance as well as in response to requests
         made by the AMCs will be true and authenticate copies of the original
         and will not be tampered, fake or doctored. In this regard, you
         undertake to be fully liable for such misconduct and indemnify PhonePe
         Wealth Broking against all losses caused due to a claim made by an AMC
         or a regulatory authority against PhonePe Wealth Broking.
     4.  You also covenant and confirm to PhonePe Wealth Broking that you have
         not received nor have been induced by any rebate or gifts, directly or
         indirectly by Us to make any investments in the Schemes.
     5.  You also confirm that the funds invested in the Scheme legally belong
         to you and agree that PhonePe Wealth Broking and/or the AMC in which
         you choose to invest shall reserve the right to refuse your Transaction
         request or revoke the request in the event that it is determined that
         you are in breach of your covenants or disclosures made in connection
         with your KYC compliance.
     6.  You also covenant to promptly inform PhonePe Wealth Broking of any
         actual or suspected compromise of your credentials associated with your
         investments.
     7.  You also covenant and represent to PhonePe Wealth Broking that you
         understand that Mutual Fund investments are subject to market risks and
         that you have fully read and understood all the Scheme Information
         Documents before confirming your investment in a Scheme.
     8.  In event “Know Your Customer” process is not completed by you to the
         satisfaction of the Mutual Funds or AMCs, you hereby authorize the
         Mutual Funds/AMC, to redeem the funds invested in the Scheme, in favour
         of the applicant, at the applicable NAV prevailing on the date of such
         redemption and undertake such other action as maybe required under
         applicable law in such circumstances.
     9.  You confirm and agree you are aware of the monetary limitation imposed
         by the Securities and Exchange Board of India (SEBI) on subscription to
         mutual funds through e-wallets and that pursuant to
         SEBI/HO/IMD/DF2/CIR/P/2017/39, total subscription through e-wallets per
         mutual fund per investor is capped at Rs. 50,000/- (Rupees Fifty
         Thousand Only) per financial year.
     10. If you are a Non-Resident Indian, you declare to PhonePe Wealth Broking
         that you are a non-resident of Indian nationality/ origin and that you
         have remitted funds from abroad through approved banking channels or
         from your Non-Resident External/ Non-Resident Ordinary/ FCNR Account.
         You also undertake to PhonePe Wealth Broking that all details provided
         by you in this regard are true, correct and shall remain updated at all
         times.
     11. You acknowledge that you are the beneficial owner of the PhonePe Wealth
         Broking services and information provided by you towards tax
         information sharing laws, such as FATCA is in compliance with the
         applicable laws. Should there be any change in information provided,
         please ensure you advise us promptly, i.e., within 30 days. PhonePe
         Wealth Broking reserves the right to reject applications/restrict
         further investments or seek additional information if you have not
         provided the requisite information or the status of information
         provided you may have changed. The information regarding your tax
         compliance might be shared with relevant tax authorities on demand.
         Towards compliance with such laws, PhonePe Wealth Broking may also be
         required to provide information to any institutions for the purpose of
         ensuring appropriate withholding from the account or any proceeds in
         relation thereto, as may be required by domestic or overseas
         regulators/tax authorities.
     12. You hereby confirm and agree that this is an “execution-only”
         transaction without any interaction or advice by the
         employee/relationship manager/salesperson of the distributor or
         notwithstanding the advice of in-appropriateness, if any, provided by
         the employee/relationship manager/salesperson of the distributor and
         the distributor has not charged any advisory fees on this transaction.
 6.  PHONEPE WEALTH BROKING COVENANTS AND DECLARATIONS:
     1. PhonePe Wealth Broking covenants that as a AMFI registered distributor
        it strictly adheres to and complies with the Code of Conduct for
        Distributors (“Code of Conduct”) and in compliance with the Code of
        Conduct and SEBI Circular bearing No. SEBI/IMD/CIR/No. 4/168230/09 dated
        June 30, 2009, discloses to you and all other investors availing the
        Services, that it receives commissions from the AMCs it partners with.
        The details in this regard are as follows:-
        
        Commission potential in %* Upfront 1st Year Trail 2nd Year Onwards Trail
        Cities T30 & B30 B30 Additional T30 & B30 B30 Additional T30 & B30 B30
        Additional Scheme Category Min Max Min Max Min Max Min Max Min Max Min
        Max Balanced Fund 0 0 0 0 0.81 0.93 0.85 1.48 0.81 0.93 0 0 Equity Fund
        0 0 0 0 0.21 1.27 0 1.48 0.21 1.27 0 0 Fund of Funds 0 0 0 0 0.41 0.68
        0.21 1.27 0.41 0.68 0 0 Debt Fund 0 0 0 0 0.14 0.42 0 0 0.14 0.42 0 0
        Liquid Fund 0 0 0 0 0.12 0.13 0 0 0.12 0.13 0 0
        
        *The rates mentioned above are excluding GST.
     
     2. You hereby confirm and agree that this is an “execution-only”
        transaction without any interaction or advice by the
        employee/relationship manager/salesperson of the distributor or
        notwithstanding the advice of in-appropriateness, if any, provided by
        the employee/relationship manager/salesperson of the distributor and the
        distributor has not charged any advisory fees on this transaction.
     3. It is explicitly stated herein that the Mutual Fund schemes offered
        online, have not been recommended by PhonePe Wealth Broking. You have
        understood the products suitable to you based on your risk profile and
        you acknowledge that PhonePe Wealth Broking will not be held liable for
        any losses suffered by you in this regard. You hereby confirm that since
        this is an Execution Only transaction, Employee Unique Identity Number
        (EUIN) allotted to Sales employee by AMFI is not applicable.
     4. PhonePe Wealth Broking declares that PhonePe Wealth Broking does not
        charge any advisory fees on any Transaction even in circumstances where
        Our employees may have provided you information or suggestions as
        regards the risks or inappropriateness of a Scheme to a particular class
        of investor or to you individually. PhonePe Wealth Broking also does not
        deduct any transaction charges from the payments received from you for
        investment in the Scheme.
     5. The information disseminated on PhonePe Wealth Broking Private Limited
        or PhonePe Entities about various mutual fund schemes is created on the
        basis of publicly available information, internal sources and other
        third-party sources believed to be reliable and not our interpretation
        of any scheme. Calculations shown are for illustration purpose only & do
        not in any manner indicate or imply quality of investment, are not
        indicative of future performance of the Scheme/Plan & should not be used
        as the basis for an investment decision. A mutual fund scheme is not a
        deposit product and due to the underlying investments, the returns of a
        mutual fund cannot be guaranteed. Mutual Funds are subject to market
        risk. Please read all Scheme related documents carefully before
        investing.
 7.  LIMITATIONS AND DISCLAIMERS:
     1. PhonePe Wealth Broking shall not be liable for any loss or damage caused
        by reason of failures or delay of the AMC to deliver any units purchased
        even though payments have been made for the same, or failure or delay in
        making payment in respect of any units sold, though they may have been
        delivered. You shall hold PhonePe Wealth Broking harmless and free from
        any claim in respect thereof. PhonePe Wealth Broking shall not be liable
        for any delay, failure or refusal of the mutual fund/ AMC in registering
        or transferring units to your names or for any interest, dividend or
        other loss caused to you arising therefrom
     2. PhonePe Wealth Broking shall not except for gross negligence on its
        part, be liable to you for any act, omission or delay by the AMC or for
        any claims which you may suffer or incur as a result of or in course of
        discharge by PhonePe Wealth Broking or its employees of their duties.
     3. Without prejudice to the above, PhonePe Wealth Broking shall not be held
        liable for any loss or damage or failure to comply or delay in complying
        with its obligations under these Terms which is caused directly or
        indirectly by any event or circumstances beyond PhonePe Wealth Broking’s
        reasonable control. These include system failure, network errors, delay
        or loss of data due to the above and in circumstances of acts of God,
        floods, epidemics, quarantine, riot, civil commotion and/or war. You
        further agree that PhonePe Wealth Broking shall not be held liable for
        any losses, damages, expenses, costs, liabilities and claims of
        whatsoever nature caused by fraudulent or unauthorized use or access of
        your information, and/or signatures. PhonePe Wealth Broking will be
        under no duty to verify compliance with any restrictions on your
        investment powers. PhonePe Wealth Broking will not be liable for any
        loss, damage, cost, charges or expenses directly or indirectly caused by
        reasons of any defects or imperfections or mechanical or other failure
        with relation to computer, cable, telex, telephone or postal system.
     4. While PhonePe Wealth Broking will make every effort to have its systems
        available at all times, PhonePe Wealth Broking makes no guarantees with
        respect to the availability of such systems. PhonePe Wealth Broking will
        make every effort to resolve availability issues such as network
        problems, virus attacks etc. in an expeditious manner. Notwithstanding
        these, PhonePe Wealth Broking will as such not be liable for any loss,
        damage, cost, charges or expenses directly or indirectly caused by
        reasons of lack of such availability or downtimes.
     5. The Services offered by PhonePe Wealth Broking and the contents forming
        part of the Services shall not in any event be construed as offering any
        tax, legal, insurance or investment advice, and nothing should be
        construed as a recommendation, by PhonePe Wealth Broking or the AMC or
        other ancillary content providers, to acquire or dispose of any
        investment or security, or to engage in any investment transaction. The
        Services provided by PhonePe Wealth Broking merely lists the Schemes of
        various mutual funds and enables Users to transact in such Schemes. It
        is clarified that You shall not be charged any fee by Us for providing
        execution service. Except as otherwise specified, you alone are solely
        responsible for determining whether any investment, security or any
        other product or service, is appropriate or suitable for You based on
        your investment objectives and personal and financial situation. You
        confirm to PhonePe Wealth Broking that you have requisite knowledge and
        experience to understand the risks involved in making an investment into
        a scheme and have the ability to bear such investment related risk. You
        are urged to consult a legal or tax professional regarding your specific
        legal or tax queries. Access and use of the Services is entirely at your
        own risk. The Services, including any content or information made
        available as part of it, or any related or linked site, products and
        services displayed, provided, availed of, licensed or purchased on,
        through or via the Services are provided "as is," without any
        representation or warranty/Guarantee of any kind, either express or
        implied, including without limitation, any representation or warranty
        for accuracy, continuity, uninterrupted access, timeliness, sequence,
        quality, performance, fitness for any particular purpose or
        completeness.
 8.  FUND RATINGS:
     1. The Fund ratings displayed are provided by an independent agency Value
        Research. The detailed Value Research ranking methodology is provided
        here: https://www.valueresearchonline.com/fund-rating-methodology/
 9.  SCHEME RELATED RISKS:
     1. Investments in mutual funds and securities are subject to market risks
        and the NAV of the schemes may fluctuate depending upon the factors and
        forces affecting the securities market including inter alia fluctuations
        in the interest rates. There can be no guarantee that a scheme's
        investment objectives will be achieved. All dividend distributions are
        subject to the investment performance of the schemes. The investments
        made by the AMCs are subject to external risks. PhonePe Wealth Broking
        disclaims all awareness of changing risk factors and you (the User)
        shall consider the performance track record of the Scheme before
        investing in the same.
 10. USE TERMS AND INTELLECTUAL PROPERTY:
     1. You understand that the PhonePe Wealth Broking offers a user friendly
        technology based interface to help you transact with AMCs. You shall not
        misuse the Services in any way whatsoever and any misuse or suspected
        misuse shall entitle PhonePe Wealth Broking to immediately suspend or
        terminate your access to the Services.
     2. You are not authorized to disrupt or try to access the Services using
        methods other than the interface and the instructions we may provide on
        Service use. If you are found to or PhonePe Wealth Broking suspects that
        you are attempting or actually causing interruption to the Services or
        limiting the functionality of our Services, PhonePe Wealth Broking shall
        reserve the right to stop providing the Services and pursue legal action
        against you or other persons using the Services on your behalf.
     3. PhonePe Wealth Broking and/or the AMCs shall retain all rights over the
        Services as well as the literature, reports, data, drawings, designs,
        diagrams, tables and other statistical information that may be provided
        to you as part of the Services. You also understand that PhonePe Wealth
        Broking owns exclusive rights over all source codes, object code, or
        other information or materials, howsoever stored or held, acquired,
        created, developed, designed or in any way prepared, by PhonePe Wealth
        Broking.
     4. All trademarks, logos and branding related to PhonePe Wealth Broking
        shall be the sole and exclusive property of PhonePe Wealth Broking. You
        shall not be authorized to use any part or whole of any such
        intellectual property in any manner whatsoever unless you have prior
        written approval from PhonePe Wealth Broking and adhere to all branding
        guidelines that maybe prescribed in such written approval.
     5. The use of the Services does not give you ownership over any
        intellectual property of PhonePe Wealth Broking including any branding,
        logos, design of PhonePe Wealth Broking and its affiliates and the
        unique user interface and algorithms created for rendering the Services.
        All portions of the Services as well as algorithms and other content
        provided as part of the Services shall always remain the exclusive
        intellectual property of PhonePe Wealth Broking and its affiliates only.
        You shall only retain rights over your contact information and personal
        details you provide to PhonePe Wealth Broking and grant us the right to
        use your personal information to communicate with you and render the
        Services effectively to you including complying with applicable law.
 11. TERMINATION:
     1. You may transfer your investments made through Us to any other
        Distributor by writing to AMC. AMC may transfer the investments on such
        terms and conditions as may be applicable. PhonePe Wealth Broking may
        terminate the Services by giving 30 (thirty) days prior notice in
        writing to You provided that You shall not be relieved of obligations
        hereunder notwithstanding such termination incurred prior to the date on
        which such termination shall become effective.
 12. MODIFICATION OF TERMS:
     1. The Terms and Conditions set herein above may be modified by PhonePe
        Wealth Broking without any prior notice to you. However, your continued
        usage of the Services shall be deemed to be an acceptance of the
        modified terms. You are required to keep yourself updated on the changes
        being done to these Terms. PhonePe Wealth Broking will on a best effort
        basis update you of the changes through an e-mail communication to your
        registered e-mail address available with us.
 13. GRIEVANCE REDRESSAL & SUPPORT:
     1. The Services contains an in-app support channel that is capable of
        resolving most queries and requests. In the uncommon scenario where your
        concern still remains unresolved, you can escalate your concern by
        registering a complaint via the Help Section. The Help Section can be
        accessed through your profile page.
     2. Once PhonePe Wealth Broking receives a complaint and a registration
        number is allotted, you can expect our first response within 24 (twenty
        four) hours and will endeavour to resolve your complaint within 3
        (three) business days of registering the complaint. However, resolution
        of your complaint maybe delayed due to delays at the AMC’s end or other
        operational and technical reasons. In cases of such delays We will
        endeavour to inform you of the revised resolution timelines. If your
        queries pertain directly to your investment such as NAV applied to a
        subscribed Scheme, delays in processing of redemption or switch
        requests, the resolution might take longer since PhonePe Wealth Broking
        is dependent on feedback received from the AMC.
 14. GOVERNING LAW:
     1. These Terms and all matters arising out of the Services offered by
        PhonePe Wealth Broking shall be governed by the laws of India and the
        courts in Bengaluru, Karnataka shall have exclusive jurisdiction over
        all matters connected with the Services. However, it is hereby clarified
        that all Scheme and investment related disputes arising in relation to
        the Scheme shall not be covered by these Terms and shall be governed and
        dealt with as per the Scheme Documents.