No two snowflakes are alike. Likewise, no two financial lives of two people are the same.
That's
why it is important to study and understand all your financial circumstances elaborately,
across
loans, protection, investments and succession planning and accordingly apply holistic
diagnostics
to assess your financial health.
Have You Thought About?
How can I tell if my financial health has the immunity to withstand
unfavourable events?
It is important to have a good night's sleep. To make
that happen, you might want to
be ready for any unpredictable events such as death, a market crash, job loss,
or
any serious illness. Being ready for such events would mitigate risks that come
to
affect your financial health. With detailed planning and adequate life &
portfolio
protection, your financial health will not just get by, but will have the right
route
map to reach your financial goals.
Are my investments in sync with my cash-flow requirements?
You may not want to borrow from family, friends or
business associates when you are in
need of money. In today's dynamic world, it is better to be prepared for money
emergencies,
without having to redeem/sell your precious investments and undergo losses. It
is
best to align your investment decisions to your liquidity needs.
Should I take a loan or dilute equity for my growth capital needs?
Your ambition expects you to be one step ahead. In order
to decide on growth capital
for your business by raising debt or diluting equity, it is imperative to look
at
your business circumstances, availability of investments/asset portfolio,
impact
of equity dilution, burden of interest payouts on cashflow needs, etc. This
will
help you align your business structure in line with your ambition.
You May Want to Consider
Offshore Solutions
Wealth, Tax and Succession Planning
Lending Solutions
Protect & Grow Wealth
Portfolio Consolidation
Get connected to get
wealth experiences crafted for you.
Validus Wealth Managers Private Limited will use your personal information to manage your
account(s)
whilst providing our services and to develop and improve upon our services to you. We will not
disclose
your personal information to any external person or entity other than to:
As required by law or regulation.Persons acting as our service providers or agents under a strict
code of confidentiality;
Anyone to whom we transfer or may transfer our rights and duties
under your Customer Agreement; or
In the event your information is shared with a service provider or agent in another country, we
will
make sure that the service provider or agent agrees to apply the same levels of protection as
we
are required to apply to information held in India, and to use your information only for the
purpose
of providing the agreed service. Security safeguards are in place to protect your personal
information
against loss or theft, as well as unauthorized access, disclosure, copying, use, or
modification
regardless of the format in which it is held. Validus Wealth Managers Private Limited’s
safeguards
vary depending on the sensitivity of the personal information. The highest level of protection
is
given to the most sensitive personal information.
DISCLAIMER
The information in this Internet site is intended for general information regarding Validus
Wealth Managers
Private Limited, its products and services and its approach to wealth management, and is
subject
to change without notice. No part of this information may be construed as advice or otherwise
be
relied upon for making investment decisions. This site may contain links to Internet sites
hosted
by other entities. Validus Wealth Managers Private Limited does not offer any warranties or
representation,
express or implied, as to the relevance, accuracy or completeness of the information contain
therein;
Validus Wealth Managers Private Limited does not subscribe to any views expressed in these
sites.
In no event will Validus Wealth Managers Private Limited, its promoters, directors, officers,
employees
or representatives accept any liability with regard to any information contained in this site
or
any other linked Internet sites. The views expressed in the blogs in this site are the personal
opinions
of the authors and are subject to change without notice. The information is intended for
general
information purposes and no part of this information may be construed as advice or otherwise be
relied
upon for making investment decisions. The information is not intended as an offer or
solicitation
to buy or sell securities or any other investment or banking product, nor does it constitute a
personal
recommendation. Nothing in this material constitutes investment, legal, credit, accounting or
tax
advice, or a representation that any investment or strategy is suitable or appropriate to your
individual
circumstances. To the extent permitted by law and without being inconsistent with any
applicable
regulations, Validus Wealth Managers Private Limited and its promoters, directors, officers,
employees
or representative shall not accept any responsibility for any direct or indirect or
consequential
loss suffered by you or any other person as a result of you acting, or deciding not to act, in
reliance
upon such information, opinions and analysis. This information does not constitute financial
research.
Any unauthorised use or reproduction of any information or proprietary rights contained in this
site
is strictly prohibited.
Terms & Conditions
Financial Services Account Terms & Conditions
Validus Wealth Managers Pvt. Ltd. (hereinafter referred to as “Validus Wealth”) as agent of
various asset management companies
/ financial product providers, whereby offering/distributing/referring various Financial
Products/services
including but not limited to Mutual Funds, Alternative Investment Funds, Third Party Portfolio
Management
Services, Bonds, Insurance products, Structured Products, Other financial products/ services,
to
its Clients (hereinafter referred to as “Financial Services” and that such products would be
referred
to as “Financial Products”). The Client may hold Investments in various holding combinations
(singly
as well as Jointly with other Clients of Validus Wealth). Each such holding combination of
account
will
be, hereinafter, referred to as “Financial Services Account”. Validus Wealth requests the
Client to
carefully
go through Financial Services Terms & Conditions. By agreeing to avail the Financial Services,
the
Client understand and accept all the obligations stipulated in the Financial Services Terms
&
Conditions and agree to abide by them. Accessing the Financial Services through any medium,
including
but not limited to Validus Wealth Website or Validus Wealth mobile apps, is also subject to
these
Financial
Services Terms & Conditions.
Section A: General Financial Services Terms and Conditions – Applicable to all Client availing
Financial
Services
The Client understands, acknowledges, agrees, undertakes or confirms:
That in case of Mutual Funds, Validus Wealth offers only Regular Plans.
That mutual fund investments as well as other Financial Products are subject to market
risks and
that the Client shall read the relevant offer documents carefully before making any
investments.
That by making any investment decision, the Client confirms to Validus Wealth that it is a
well-informed
decision and that Client has such knowledge and experience in financial matters as may be
necessary
to be able to evaluate the merits and risks of entering into the proposed transaction. The
Client
also confirms that Client is capable of bearing the economic/financial risks associated
with
such investments.
That financial markets are controlled by independent market forces and hence are very
volatile in
nature. As a consequence of which, the Financial Products are subject to a very high degree
of
risk and the associated returns cannot be predicted with absolute certainty. Prior to
making
any investment, the Client must ensure that Client has studied the economic, political and
financial
risks involved and that Client understands the inherent risk of investing in a product that
unless
such an Investment Product is guaranteed, his/her losses may exceed investment. If the
Client
is not sure of the involved risks, it is advisable to seek appropriate professional advice
from
investment advisor. The products will have terms and conditions that the Client must
familiarize
him/her/them with before Client makes the decision to invest in any product or service.
Before
the Client invests in a product or service, he must understand carefully, and if required,
with
help of an expert independent counsel, the features and risks of each product or service as
given
in product documentation, such as key information memorandum, scheme information, marketing
material,
risk disclosure booklet etc.
That all investment decisions are matter of personal choice made by them at their sole
discretion
and post their own evaluation of the risks involved. If notwithstanding anything stated
herein,
Validus Wealth or any employee of Validus Wealth gives any advice or representation to the
Client,
Validus
Wealth shall have no liability for any such advice or representation made, as it will be
Client’s
responsibility to make an independent assessment. The Client acknowledges that Validus
Wealth
may
recommend products to him/her/them and may provide investments suggestions and conduct risk
based
assessments of transactions in account from time to time however the final investment
decision
is sole responsibility of the Client.
That any information contained in Validus Wealth Brochures or other materials or otherwise
communicated
by Validus Wealth shall not be constructed by him/her/them as investment advice and that
all
decisions
to purchase or sell units/securities made by him/her/them shall be on the basis of Client’s
own
personal judgment arrived at after due consideration. The Client understands and agrees
that
Validus Wealth does not in any manner:
Guarantee payments on any Investment Product; or
Guarantee of liquidity of any Investment Product; or
Make any offer to buy back any Investment Product; or
Guarantee the redemption or repayment of any Investment Product on maturity; or
Guarantee the payments of interest or dividend; or
Promise, indicate or guarantee any returns; or
Guarantee any good delivery.
That no transaction charges will be levied by Validus Wealth on purchases of any Mutual
Fund
products.
Consequently, the respective Asset Management Companies (AMCs) will issue Mutual Fund units
equivalent
to the full subscription amount to the investors.
That any matter/dispute with respect to nomination and deceased claims with respect to
mutual fund
units shall be settled by him/her/them directly with concerned Asset Management Company /
Mutual
Fund House without any reference to Validus Wealth.
That mode of operations is defined by Validus Wealth at Financial Services Account level..
The
mode of
operations will be either or survivor for all mutual fund investments in case of joint
holding
pattern Financial Services Account by default unless and until otherwise agreed with the
client.
That as a holder in an Financial Services Account, Client along with other holder(s), if
any, shall
be bound by any valid transactions done by any holder(s) of the Financial Services Account
in
accordance with these Financial Services Terms and Conditions.
That PAN is required to be quoted for all holders for all investment transactions and that
such PAN
number should be KRA verified enabling acceptance of transactions under such a PAN number.
The
Client authorises Validus Wealth to fetch Client’s KYC details and KYC status from the KYC
Registration
Agencies (KRAs). That any purchase whether fresh or additional including switch shall not
be
permitted by the AMCs if the KYC status of PAN is not updated as "KYC Registered - New
KYC".
That as per regulatory requirement, individual investors and joint holders are required to
provide
extended KYC and FATCA details. In absence of the same, transactions may get rejected by
AMC/RTA.
To utilize, share my KYC information and documents such as identity (name, PAN, age,
Aadhaar details
etc.), address in Validus Wealth’s records for sending it to Asset Management Companies
(AMC) /
Registrar
and Transfer Agents (RTA) of the AMCs/ NSE MFSS/ Insurance Company / Other Financial
Products
and Services providers or any other party related to the transaction, along with other KYC
details
for the purpose of facilitating transactions based on Client’s instructions and use it in
the
manner consistent with these Financial Services Terms and Conditions and applicable
regulatory
requirements as applicable from time to time.
To provide following consent/authorisation to MFs/AMCs/MF RTAs for the following
For validating Clients’ Aadhaar Number with UIDAI.
For updating/linking Clients’ Aadhaar number based on the PAN given in all folios
maintained
with all Mutual Funds/RTA/AMCs for KYC & other related due diligence purpose in
line
with PMLA requirements and Account enrichment purpose.
The Client further authorizes MFs/AMCs/MF RTAs to download / share Clients’ Aadhaar
&
associated demographic information (including any updated information) with other
SEBI
Registered Intermediaries like KRAs, Mutual Funds to facilitate single submission /
update
across all my accounts associated with such intermediaries based on PAN or other
key
information available with such intermediaries. Further declare that this consent
will
remain valid for updation in all existing/new folios(s) serviced by MFs/AMCs/MF
RTAs
That the first holder in the investment purchase transaction needs to be one of the
holders
in Bank account which is being debited to fund the transaction.
That the redemption / dividend proceeds shall be credited by AMC to Bank account linked as
the primary/default
bank account to the folio from where the redemption / dividend is being made unless
different
practice is followed by an AMC. In case of a joint holder in the folio, if Client is not
one
of the holders in the primary/default Bank account linked to such a folio, Client will not
held
Validus Wealth liable for the redemption / dividend proceeds being credited to the account
of
any
other holder.
That Validus Wealth may ask Clients to provide necessary information for it to profile the
Clients
to meet Client suitability requirements. Validus Wealth may not offer an financial product
or
execute transaction with respect to an financial product for a Client if it believes that
the transaction may not be suitable for the Client.
To keep Validus Wealth informed of at all times, of any change /alteration in particulars
furnished
to Validus Wealth and authorise Validus Wealth to update any change /alteration in
particulars that
Validus Wealth may be informed of by him/her/them and/or is brought to the notice of
Validus Wealth
and hereby authorise Validus Wealth to contact him/her/them on such changed/altered
particulars.
Client shall be solely responsible to ensure that Validus Wealth has been informed of the
correct
particulars for communication. Client agrees to indemnify Validus Wealth against any fraud
or
any loss or damage suffered by Validus Wealth due to Client providing any incorrect
particulars
and / or failure on Client’s part to communicate the change/alteration in his/her
particulars.
That all details provided to Validus Wealth are true and correct and any instruction given
to
Validus
Wealth to transact business on Client’s behalf shall be in due conformity with the
applicable
laws as may for the time being be in force. That any false / misleading information given
or suppression of any material fact will render the Financial Services, being provided to
the Client liable for termination.
That any tax implications arising out of any transactions entered in to pursuant to these
Terms
& Conditions would be as per the provisions of the Income Tax Act, 1961, or any
modification
or re-enactment thereof. The Client further agree and declare that any and all tax
liability
will be Client’s sole responsibility. The Client shall execute and deliver to Validus
Wealth,
from time to time such other documents as may be specified by Validus Wealth for compliance
or
updating of records if any.
That the Client would not hold Validus Wealth or its affiliates liable for any loss arising
on
account
of delays in putting forth the execution of instructions issued by him/her/them on account
of material discrepancies in the instruction or for any other reason beyond the control of
Validus Wealth or its affiliates.
That any amount that will be invested by the Client will be derived through legitimate
sources
and will not be held or designed for the purpose of contravention of any Act, Rules,
Regulations
or any statute or legislation or any other applicable laws or any Notifications, Directions
issued by any governmental or statutory authority from time to time.
That all transaction requests are subject to the threshold limits as set by the AMC /
financial
product provider.
That any false / misleading information given by him/her/them or suppression of any
material
fact will render the Financial Services being provided to him/her/them liable for
termination.
That, save and except under conditions beyond the reasonable control of Validus Wealth, all
requests
received by Validus Wealth prior to the cut off time shall be processed on the best effort
basis
on the same day. Such 'cut off-time' shall be communicated by Validus Wealth to the Client
from
time to time on its website. Financial Services
If Mutual Fund investments are without nomination then such transactions may be liable to
be
rejected by the respective mutual fund houses.
That Validus Wealth does NOT provide investment advisory services in any manner or form.
Financial
Products do not pertain to Validus Wealth. Financial Products are distributed by Validus
Wealth on
a non -discretionary and non- risk participation basis. The final investment decision shall
at all times exclusively remain with the investor.
That Client shall be responsible to ensure that the transaction/ application form is
complete
and all details as required are duly filled in. Validus Wealth is not liable for any
consequence
in case any of the particulars provided are false, incorrect or incomplete.
That Validus Wealth shall have no liability if it does not or is unable to stop or prevent
the
implementation
of an instruction, which is subsequently countermanded. Where Validus Wealth considers the
instructions
to be inconsistent or contradictory it may seek clarification from the Client before acting
on any instruction of him/her/them or act upon any such instruction as it deems fit.
Validus
Wealth states that it has no liability or obligation to keep a record of the instructions
to provide information to the Client or for verifying the Client’s instructions.
That all instructions including instructions for modification shall be given only by the
Client
(any one of the holders) or authorised person/representative appointed by the client named
in Validus Wealth's records and shall be binding on the Client personally.
That Validus Wealth may refuse to act on any instruction unless it is given in writing/
/phone
over
recorded line /facsimile/email/online or in any manner and form acceptable to Validus
Wealth
and would be subject to Validus Wealth's absolute right to verify such instructions. Client
hereby
authorizes Validus Wealth to record all or any communication between Client and Validus
Wealth's
officials / agents. Further Client agrees and understands that, Validus Wealth shall have
no
responsibility to determine the authenticity of any instructions given or purported to be
given by the Client. The Client shall not hold Validus Wealth liable on account of Validus
Wealth
acting in good faith on any of Client's instructions or instructions purported to be given
by the Client.
That the security and control procedures provided by Validus Wealth are designed to verify
the
source
of communication and not to detect errors in transmission or content including
discrepancies
between names and account numbers and that Validus Wealth, or any intermediary, may either
not
execute an instruction or execute and by reference to PAN/account number only, even if the
name on the account is also provided. Nothing contained herein shall require Validus Wealth
to
violate any applicable laws, rules or procedures/instructions. Validus Wealth shall have no
further
duty to verify the content of any instruction and communications, whether or not
authorized,
sent in its name and accepted by Validus Wealth.
That once a valid transaction has been sent to product provider/AMC/NSE/ RTA, Validus
Wealth is
not
responsible in any manner for the execution of the transaction and that the RTA / AMC /
product
providers /NSE are solely responsible for any act or omission in respect of the execution
of transaction.
That transaction request shall be sent for processing by Validus Wealth and is subject to
rejection
by the registrar or AMC or product provider.
That transactions once executed cannot be modified or cancelled.
That, with respect to third party financial products/services, Validus Wealth is acting
merely
as
a distributor / referrer of such third party financial products/services and any investment
in such third party products/services shall constitute a contract between the investor and
the third party. Validus Wealth shall not be liable or responsible for any loss resulting
from
third party's products/services. The products, services and benefits referred to herein are
subject to the terms and conditions governing them as specified by third party from time
to time.
To take note of risks highlighted about the product in the offer document and due caution
be
exercised (including if necessary, obtaining of advice of tax/ legal/ accounting/
financial/
other professionals) prior to taking any decision, acting or omitting, to act on the basis
of the information contained therein.
That Validus Wealth shall not be liable for any failure to perform any of its obligations
if
the
performance is prevented, hindered or delayed by a Force Majeure Event and in such case its
obligations shall be suspended for so long as the Force Majeure
Event continues. “Force Majeure Event” includes any event due to any cause beyond the
reasonable control of either Party
including, without limitation, sabotage, fire, flood, explosion, acts of God, civil commotion,
strikes or industrial action of any kind, riots, insurrection, war, acts of government,
computer
hacking, unauthorized access to computer data and storage devices, computer crashes, breach of
security and encryption codes.
That the units of the scheme shall be allotted, redeemed or switched, as the case may be,
at
the Net Asset Value (NAV) as determined by the product provider / Mutual Fund and
consistent
with the terms of the Scheme. However, Validus Wealth shall not be liable for any loss that
may
arise to the Client as a result of the incorrect NAV applied on units allotted to the
Client
by the Mutual Fund.
That in case of redemption/ switch out transaction for all units in Mutual funds, all units
held
by such client in the folio in respect of that scheme will be redeemed/ switch out
including
any units held with some other distributor in the same folio. That in case of Redemptions,
if the number of Units held by the Client as per the records maintained by AMC and/or the
Authorized Registrar is less than the number of Units requested to be redeemed then, AMC
is authorised to redeem the available Units and not reject the redemption request.
That after the first purchase transaction in any Mutual fund, the Client may not be
permitted
to transact till the Folio number is allotted, depending upon the processing time of the
Mutual Fund's Registrar. Validus Wealth does not accept any liability for delay in
processing
time at the Mutual Fund's or Registrar's end.
That any transaction request due on holiday would be processed on the next business day and
respective
NAV would be applicable as per the Mutual Fund's offer document.
That in case the investment is made in the name of a minor with a guardian, then the
investments
made in the above manner are for the sole benefit of the minor.
That the value of the Client's Investments may fluctuate. If Client redeems investments,
he/she
may receive more or less than he/she paid depending upon the market value of the investment
at the time of redemption or upon NAV as may be determined by the product provider.
That if after execution of any transaction it is for any reason found that Validus Wealth
has
not
been put in sufficient funds, the Client shall pay the deficient amount to Validus Wealth
forthwith
on demand failing which Validus Wealth may (but shall not be bound to) square up the
transaction
at any time at his/her sole risk and cost. Any loss on such squaring up will be borne by
him/her solely and he/she will pay to Validus Wealth the additional amount that may be
payable
by him/her, Validus Wealth's demand being conclusive.
That Validus Wealth shall be under no duty to assess the prudence or otherwise of any
instructions
given by the Client(s) or to give any advice in relation thereto and would be justified in
acting on his/their instructions irrespective of their prudence or otherwise.
That the service is provided at sole discretion of Validus Wealth and may be withdrawn
with30
days
prior notice. Validus Wealth may levy charges at its sole discretion in respect of these
services.
That information displayed on Validus Wealth's website is based on data received from third
party
market data providers/AMC/AMFI/RTA & subject to change without notice
Validus Wealth shall be indemnified against any improper/fraudulent fund transfer
instruction
purported
to be received from the Client.
Indemnity: In consideration of Validus Wealth providing access to services, the Client
shall,
at
his own expense, indemnify and hold Validus Wealth, its directors and employees,
representatives,
agents and/or the Affiliates, as the case may be, indemnified against all losses and
expenses
on full indemnity basis which Validus Wealth may incur, sustain, suffer or is likely to
suffer
in connection with Validus Wealth’s or Affiliates' execution of the Client’s instructions
and
against all actions, claims, demands, proceedings, losses, damages, costs, charges and
expenses
as a consequence or by reason of providing service through the platform , for any action
taken or omitted to be taken by Validus Wealth and /or the Affiliates, its officers,
employees
or agents, on the instructions of the Client. The Client will pay Validus Wealth and /or
the
Affiliates such amount as may be determined by Validus Wealth and/or the Affiliates to be
sufficient
to indemnify it against any such, loss or expenses even though they may not have arisen or
are contingent in nature. Further, the Client agrees, at its own expense, to indemnify,
defend
and hold harmless Validus Wealth, its directors and employees, representatives, agents, and
its
Affiliates against any claim, suit, action or other proceeding brought against Validus
Wealth,
its directors and employees, representatives, agents, and Affiliates by a third party, to
the extent that such claim, suit, action of other proceeding brought against Validus
Wealth,
its directors and employees, representatives, agents, and Affiliates is based on or arises
in connection with:
a violation of Terms contained herein by the Client;
any deletions, additions, insertions or alterations to, or any unauthorized use of
/
access to / service(s) , by the Client;
any misrepresentation or breach of representation or warranty made by the Client
contained
herein; or
any breach of any covenant or obligation to be performed by the Client hereunder.
That notwithstanding anything contrary contained anywhere, the Client shall not hold
Validus
Wealth
responsible and Validus Wealth shall not be liable for any loss, claim or damages of
whatsoever
nature, if any instruction(s) of the Client is not carried out by Validus Wealth for any
reason
whatsoever nature.
That Validus Wealth shall not be liable for any loss or damage caused by reason of failures
or
delay
of the mutual fund / any other financial product or service provider 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 and the Client
shall hold Validus Wealth harmless and free from any claim in respect thereof. Validus
Wealth shall
also not be liable for any delay, failure or refusal of the mutual fund/any
company/corporation
or other body in registering or transferring units to Client’s names of for any interest,
dividend or other loss caused to him/her/them arising there-from.
That Validus Wealth shall not, in absence of gross negligence on the part of Validus
Wealth, be
liable
to the Client for any act, omission or delay by the mutual fund/any other financial product
or service provider or for any claims which the Client may suffer or incur as a result of
or in course or discharge by Validus Wealth of its duties. Without prejudice to the above,
Validus
Wealth shall not be held liable for any loss or damage or failure to comply or delay in
complying
with its obligations under these Terms and Conditions which is caused directly or
indirectly
by any event or circumstances beyond Validus Wealth’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.
That Validus Wealth 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
Client’s
information, and/or signatures. Validus Wealth 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. While Validus Wealth will make every effort to have its computer systems available
at
all times, Validus Wealth makes no guarantees with respect to the availability of such
systems.
Validus Wealth will make every effort to resolve availability issues such as network
problems,
virus attacks etc. in an expeditious manner. Notwithstanding these, Validus Wealth 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.
That Validus Wealth will be under no duty to verify compliance with any restrictions on
Client’s
investment powers.
To provide any and all information that may be required by Validus Wealth from time to time
in
compliance
with existing legal norms and regulations, including but not limited to contact
information,
address and tax-related information and any information required under existing or future
KYC norms and laws. The Client agrees that Validus Wealth may take steps to verify the
veracity
of such information provided by the Client and the Client agrees to co-operate with Validus
Wealth
in providing all information requested by Validus Wealth. The Client acknowledges that
failure
to provide such information in a timely manner may result in his/her ineligibility to avail
of some or all of the services of Validus Wealth and that Validus Wealth shall in no way be
held
liable for any financial loss resulting from such failure to provide information on
Client’s
part. The Client agrees that such information is required with respect to all the holders
in the transaction without which Validus Wealth may not be able to accept and execute the
investment
transaction.
To pay any and all costs, damages and expenses, including, but not limited to, reasonable
attorneys'
fees and costs awarded against it or otherwise incurred by or in connection with or arising
from any such claim, suit, action or proceeding attributable to any such claim. The Client
hereby agrees that under all circumstances, Validus Wealth's total aggregate liability for
claims
relating to Validus Wealth’s obligations contemplated under these Terms, whether for breach
or
in tort (including but not limited to negligence) shall be limited to the transaction
charges/fees
or consideration, if any, paid by the Client within the previous one month for use of /
access
to / availing its service(s), excluding any amount paid towards transactions.
That Validus Wealth may at its sole discretion vary the terms and conditions or withdraw
any of
the
facilities provided herein from time to time.
That any notice or other correspondence addressed by Validus Wealth to the Client may be
addressed
to the first holder at his/her address (residential/correspondence/email) or to such
address
as Validus Wealth may be aware. If according to the Client there is any discrepancy in the
particulars
or details of any transaction or account of statement then the Client shall be obliged to
intimate the same to Validus Wealth in writing in 10 days of the first holder receiving
notice
thereof, failing which such transaction, statement or account (as the case may be) shall
be deemed to be correct and accepted by the Client and he/she shall not be entitled to
question
the correctness or accuracy thereof.
That in the event of breach of any of the terms by the Client and/or any agent or
representative,
the Client shall be solely liable to pay damages and compensation including all direct and
indirect damages, costs, charges and expenses that may be caused to or incurred or suffered
by Validus Wealth. While Validus Wealth shall use reasonable precautions, these services
are
provided
on "No warranty No risk basis". In case any of the above undertakings is found to be false,
Validus Wealth shall be at liberty to terminate this arrangement after giving 30 days’
prior
notice and the Client shall be held liable for all the costs and consequences arising
thereof.
That all disputes and differences arising out of, under or in connection with these terms
and
conditions or anything done hereunder shall be within the exclusive jurisdiction only to
the courts of Mumbai. These terms and conditions are subject to and shall be construed in
accordance with the laws prevalent in India.
Fees and Charges: Fees and Charges, if any, for any services will be levied as agreed
between
Validus Wealth and the Client from time to time.
Investment/ Portfolio Statements: The Client agrees and acknowledges that it shall be the
obligation
of the product provider and not of Validus Wealth, to regularly send communication like
Account
statements, fund updates etc. Validus Wealth may provide a facility to its Client (only to
first
holder) for receiving statements on email / facility to download statements from his/her
login on www.validuswealth.com. These statements may include but are not limited to
transaction
statement and holding statements. The Client by requesting Validus Wealth to furnish such
particulars
and details and statements by e-mail declares and confirms that he is aware of the risks
concerning the e-mail and shall not hold Validus Wealth liable therefore. The Client
undertakes
to promptly inform Validus Wealth in case any change to his email id or mailing address.
Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) & Systematic
Transfer
Plan (STP) Terms and Conditions: Client understands that the minimum monthly amount for
each
investment made under the SIP/STP/SWP is Rs.500 per fund/per transfer instruction or the
minimum amount/units as stipulated by the relevant SIDs/KIMs. That in case of
non-availability
of cleared and collected funds/the specified mutual fund units as on the stipulated SIP
execution
date /STP date, the SIP/STP instruction for that month will not be carried out. If the
SIP/STP/SWP
execution date falls on a holiday, the same would be executed on the next business day. The
Client hereby agrees to keep Validus Wealth fully indemnified and held harmless at all
times
from and against all claims, expenses, loses, damages, costs (including reasonable
attorney’s
fees), actions, suits proceedings or demands that Client may receive from or on behalf of
the mutual fund house(s) in which the Client, is investing, for non-execution or delays in
execution of above SIP/STP/SWP instructions either on account of non-availability of
sufficient
funds/ mutual fund units in his/her account or issues with respect to NACH mandate or
delays
in the mail/courier services or for any other reason whatsoever.
That Investments from Clients who are from certain countries (e.g. US resident Persons or
are
residents of Canada) which are not permitted to make investments in certain mutual
funds/other
Financial Products. Where the product provider does not accept transactions from such
category
of investors, Validus Wealth shall not be liable for rejection of a transaction by mutual
funds/product
provider. The decision to accept or reject transaction is solely on the Mutual Fund/product
provider.
The client will immediately notify Validus Wealth if there is change in his resident
status.
In the event of Client becoming a Resident of US, a resident of Canada, a Non Resident
India
or a person of Indian origin, the client hereby agrees that Validus Wealth shall be
entitled
to do all acts and things it deems necessary, including but not limited to (i) blocking of
Online Mutual Fund transactions (ii) closure of account, (iii) non-acceptance and/or
rejection
of any instructions provided by the Client to purchase any investment product, in order to
ensure compliance with applicable local laws; applicable laws/rules and regulations of the
Clients country of residence and/or any internal policies and any execution of such
transactions
will be governed by the same.
The Client(s) is aware that VALIDUS WEALTH records or may record conversations between the
Client(s)
and/ or their representative and VALIDUS WEALTH, over the telephone, and hereby
specifically
permits VALIDUS WEALTH to do so. Such recordings may be relied upon by VALIDUS WEALTH as
and when
required.
The Client is aware that VALIDUS WEALTH may impose cut off timings, for operational
reasons,
which
may be earlier than or different to the cut off timings prescribed to VALIDUS WEALTH by
third
parties and the client agrees to abide by the cut off timings as VALIDUS WEALTH may
prescribe,
at its sole discretion, from time to time.
VALIDUS WEALTH shall not be responsible for the accuracy of the:
Information filled by the clients in the application form(s) for subscription /
transacting
in any investment product
KYC [Know Your Client] details submitted by clients
VALIDUS WEALTH has no ongoing obligation to advice/monitor the Client(s) investments held
with
VALIDUS
WEALTH or otherwise. VALIDUS WEALTH may provide information on markets, research reports,
markets
trends, investment or portfolio reviews or commentary on the performance of financial
product
to the extent permitted by the relevant regulations to clients. This should not be viewed
as investment recommendation or advise
The Client(s), if he is a joint account holder agrees that upon the death or disability of
any
one or more party, the remaining clients shall immediately provide notice of such event to
VALIDUS WEALTH. All transactions thereafter affecting the concerned Client(s) account(s)
must
be at the joint direction and upon the joint signatures of the legal heirs of the affected
party and the remaining signatories. VALIDUS WEALTH shall not be liable for transfers,
payments
or other transactions that occur in the Account prior to receipt of such written notice.
The Client(s) will indemnify Client(s) from any claim or losses arising from transactions
in Securities held jointly by the Client(s) with any other person or persons.
The client will treat as confidential (both during and after the termination of the
relationship)
any information learned about Validus Wealth, including without limitation, its investment
strategy
or holdings or its products or services in the course of their relationship. The client
will
not disclose the same to any third party without Validus Wealth written consent. These
obligations
shall not apply to information which is or becomes known to the public or is received by
the client from a third party entitled to disclose it, or is disclosed to competent
government
authorities or courts or other tribunals in accordance with the requirements of applicable
Laws.
Specifically the Client agrees and confirms that Validus Wealth may release the data and
information
to certain individuals or entities, including but not limited to the following:
An Affiliate
any agent, contractor or third-party service provider who offers services to
Validus
Wealth
and any Affiliate in connection with the operation of their businesses;
any other person under a duty of confidentiality to Validus Wealth, and any
Affiliates;
credit information bureaus or collection agencies;
any person or entity to whom Validus Wealth or Affiliate is under an obligation to
make
disclosure
under the requirements of any law, regulation, court order or contractual agreement
binding on Validus Wealth or any Affiliate; and
any actual or proposed assignee of Validus Wealth or any Affiliate or transferee of
any
rights
of Validus Wealth , or any Affiliate.
Section B: Applicable to Mutual Funds Online Transactions under POA model (Online Financial
Services)
Financial Services
Online Financial Services refers to a facility that enables the Client to transact in units of
Mutual
Funds by placing an instruction with Validus Wealth either on Validus Wealth Website, Validus
Wealth mobile
app
or using Common Investment Transaction form or email to Validus Wealth’s designated Email id)
or on
recorded
line and any other mode as provided by Validus Wealth from time to time. Terms and Conditions
for
Online
Financial Services are mentioned below:
Authorisation by the Client
The Client hereby irrevocably authorizes Validus Wealth, at his / her risk and cost, all of the
following:
To execute all investment transactions so instructed by the Client with regard to Mutual
Funds (whether
solely or jointly with others) at Client’s express instructions;
To receive the account statement(s)/feeds and any other communication from the mutual fund
/ RTAs
pertaining to the above said units and/or to acknowledge receipt of the same;
To sign all such writings and do all such acts as may be required for redeeming any units;
To correspond with and give notice to the mutual fund , the corresponding asset management
company
or any other product provider on behalf of the Client;
To instruct the mutual fund and/or the corresponding asset management company to make note
of instructions
with regard to nomination/change in investment plan/any other changes.
To do or omit to do all such and things as Validus Wealth may in its discretion consider to
be
necessary
or desirable in order to perform its duties hereunder or to comply with any laws, orders,
rules,
regulations or directions of any Government or regulatory or other authorities
To do, perform and execute all such other acts, deeds, instruments, matters and things for
and on
Client's behalf as Validus Wealth may think fit in accordance with the Investment Scheme
and
any
related writings about these premises as fully and effectually and to all intents and
purposes
as the Client could do if Client were personally present.
If for any reasons Validus Wealth is unable to purchase or redeem the full quantity of
units
such as
instructed by Client, Validus Wealth shall be entitled at its discretion and the Client
hereby
irrevocably
authorise Validus Wealth to purchase or sell (as the case may be) a lesser quantity of
units/securities.
Validus Wealth shall not be responsible for the non-execution of Client’s instruction for
the
entire
quantity or the remaining quantity.
Declaration by the Client
The Client further agrees, understands, undertakes and confirms:
To abide by the Financial Services Terms & Conditions including those applicable to
Online Financial
Services from time to time as set forth on the website www.Validus Wealth.com. I understand
that
access to any changes/updation to these services would be available on the website only.
That all such acts and deeds done for and on behalf of the Client shall be binding on
Client and
his/her successors & legal heirs.
That upon creation of Financial Services Account of the Client at Validus Wealth, all the
holders of
the Financial Services Account would be login to his/her account after following user
creation,
password creation and other relevant steps. The Client confirms that no separate Online
Financial
Services – Form / Terms and Conditions would need to be separately signed / accepted online
by
all the holders of the Financial Services Account before any transaction under Online
Financial
Services facility Financial Services. The above authority and acceptance of Terms would be
applicable
on all Investment transactions and Investments holdings where the Client is sole or one of
the
holders.
That if the folio number is not mentioned in a Purchase/SIP/Switch/STP transaction by the
Client;
Validus Wealth will treat it as fresh purchase transaction and request AMC/RTA to allot a
fresh
folio
number for the transaction.
That as a holder in an Financial Services Account, the Client, along with other holder(s),
if any,
shall be bound by any valid transactions, including any transaction that results in new
folio,
done by any holder(s) of the Financial Services Account in accordance with these Financial
Services
Terms and Conditions (as if given by each of the holders personally/jointly).
That transaction request shall be sent for processing to RTA/AMC/product provider by
Validus
Wealth and
is subject to acceptance/rejection by the registrar or AMC or other product providers.
Rejections
if any, may be due to any minimum/maximum or any other transaction processing conditions.
Client
shall not hold Validus Wealth liable for transaction rejection by RTA/AMC/product providers
in
case
of such rejections.
That emails orders can be sent/confirmed only through registered email id of the Client.
The Client
understands that the execution of his/her instructions issued otherwise than in physical
form
or online may be subject to a satisfactory voice verification of such instructions at the
discretion
of Validus Wealth. The Client also understands that in case voice verification is deemed
necessary
by Validus Wealth the execution of such instruction would be done on a best effort basis
within
1
working day post satisfactory voice verification. Validus Wealth shall not be liable if
such
additional
confirmation could not be completed due to unsatisfactory voice verification.
That for Validus Wealth's records, any instruction received from any one of the clients (in
case of joint
holders) through written letter/ form, online, email, facsimile shall be deemed to be the
original
letter of instructions and all actions based on such instruction taken by Validus Wealth
would
be
binding upon all the Clients.
That with respect to POA transactions, Validus Wealth reserves the right to reject the
request
in case
of non-availability of sufficient funds in the Client’s Validus Wealth account. Also note
that
In
case of Purchase/SIP transactions, Client’s Validus Wealth account might be debited for the
total
amount instantly on transaction placement and that no interest shall be payable on this
amount
by Validus Wealth. The Client further acknowledges that any transaction request due on
holiday
would
be processed on the next business day and NAV would be applicable as per the Mutual Fund's
offer
document.
That Validus Wealth may in its own discretion decide not to carry out the Client's
instructions
where
Validus Wealth has reason to believe (which decision of Validus Wealth the Client shall not
question
or dispute) that the instructions are not genuine or are otherwise improper or unclear or
scheme
not available or SIP/STP/SWP dates not available or are in a manner that raise a doubt.
That the Client subscribing/redeeming the units of the mutual fund schemes through Validus
Wealth shall
also have an unfettered and unrestricted right to approach the AMC directly. Acceptance of
these
Terms and Conditions are voluntary and Validus Wealth shall not mandatorily insist for this
mandate
for enabling Clients’ investments in Mutual Funds.
That all communications that may be sent by Validus Wealth shall be sent as per
communications
details
available in Validus Wealth's records.
The Client is entitled to terminate this service by giving 7 days’ notice in writing to
Validus
Wealth
and Validus Wealth shall require at least seven working days for giving effect to the same.
The
Client
agrees not to effect any transactions consequent to the receipt of such termination notice
by
Validus Wealth provided that the Client shall not be relieved of its obligations hereunder,
notwithstanding
such termination, incurred prior to the date on which such termination shall become
effective.
Upon termination of the services, the money and units with Validus Wealth pursuant to
thereto
may
be paid or delivered (as the case may be) by Validus Wealth, after deduction of Validus
Wealth's
dues
if any, to the Client and the same shall be a valid and complete discharge to Validus
Wealth.
UNDERTAKING CUM-INDEMNITY
As per above mentioned points of Power of Attorney in favour of Validus Wealth where under
the
Client
has appointed Validus Wealth acting through any of its directors and/ or its duty
authorised
officers,
to be the Client's true and lawful Attorney for and on behalf of the Client to do all or
any
of the acts, matters and things and to exercise all or any of the powers and authorities
thereby
conferred through Instructions given by the Client either over the telephone (over a
recorded
line or otherwise), inwriting ,or through facsimile, or through electronic mail (from or to
a
specified email address) as approved by Validus Wealth or in any other manner acceptable to
Validus
Wealth
on the terms as set out as mentioned above.
Validus Wealth has agreed to accept the Instructions, subject to the Client executing this
Undertaking
Cum Indemnity in favour of Validus Wealth.
The details of the specified E-Mail id (s)/Telephone numbers/Mobile numbers/Fax Numbers
from which
the client will be sending the instructions is as set out in Client Information Form
(CIF)/Investment
Services Account Registration Form. Any change in the email id will be communicated by the
client
via written letter. Any change in the telephone number/mobile number/fax number will be
communicated
by the client via written letter/email id registered with Validus Wealth.
AND IN CONSIDERATION OF THE ABOVE,
the Client hereby (jointly and severally – in case of
joint Clients)
irrevocably agrees, confirms and undertakes with Validus Wealth and these presents witnesseth as
follows:
The Client hereby requests and authorises Validus Wealth to, from time to time (at Validus
Wealth's
discretion),
rely upon and act or omit to act in accordance with any direction, instructions and/ or
other
communication which may from time to time be or purport to be given in connection with or
in
relation to the said POA by either Telephone Call or Fax and/ or E-mail by the Client or
any
one of them (in case of joint clients) or the person(s) authorised by the Client to act on
the
Client's behalf ("Authorised Persons”).
The Client declares and confirms that the client has for the Client's convenience and after
being
fully aware of, and having duly considered the risks involved, (which risks shall be borne
fully
by the Client) requested and authorised Validus Wealth to rely upon and act on Instructions
which
may from time to time be given by either a Telephone Call and/ or Fax and/ or E-mail as
mentioned
above.
The Client further declares and confirms that the Client is aware that Validus Wealth is
agreeing to
act on the basis of Instructions given through either Telephone Call and/ or Fax and/ or
E-mail
only by reason of, and relying upon, the Client executing this writing and agreeing,
conforming,
declaring and indemnifying Validus Wealth as done by this writing and Validus Wealth would
not have
done
so in the absence thereof. The provisions of this writing shall apply to any and all
matters,
communications, directions and instructions whatsoever in connection with the said POA.
Validus Wealth may, but shall not be obliged to, act as aforesaid without inquiry as to the
identity
or authority of the client or the Authorised Person(s) giving or purporting to give any
Instructions
or as to the authenticity of any Telephone Call and/ or Fax and/or E-mail message and may
treat
the same as fully authorised by and binding on the Client regardless of the circumstances
prevailing
at the time of the Instruction and notwithstanding any error, Misunderstanding, lack of
clarity,
fraud of authority in relation thereto, and without requiring any confirmation provided
that
the concern officer acting on behalf of Validus Wealth believed the Instructions to be
genuine
at
the time they were acted upon.
The Client confirms that the Client shall not hold Validus Wealth responsible or liable for
any
loss
on any grounds whatsoever incurred by the Client pursuant Validus Wealth not being able to
act
on
the basis of an Instruction transmitted by Fax or E-mail or Telephone (whether recorded or
otherwise)
in the event that the Fax/E-mail/Telephonic Instruction or any part thereof is not legible,
is
garbled, erroneous, self-contradictory, incomplete or unclear.
The Client acknowledges that
sending information by Fax or E-mail is not a secure means of sending information;
and
the Client is aware of the risk that Fax/ E-mail Instructions may be fraudulently
or mistakenly
written, altered or sent or not be received in whole or in part by the intended
recipient
or may be read or be known to an unauthorized person in which case Validus Wealth
shall
not
be responsible in any manner whatsoever including but not limited to breach of
confidentiality.
Upon receipt by Validus Wealth, Instructions shall be deemed to conclusively constitute
client’s mandate,
subject to the right of Validus Wealth as herein contained, to Validus Wealth to act in
accordance
with
the directions and Instructions contained therein notwithstanding that such Instruction may
have
been authorised or transmitted in error or fraudulently or may otherwise not have been
authorised
by or on behalf of the Client or the Authorised Person(s) or may have been altered,
misunderstood
or distorted in any manner in the course of communication.
The Client is aware that Validus Wealth may be receiving either of the following:
Telephone Call which may be distorted due to problems in telecommunication;
Fax on thermal paper in which case by reason of chemical compositions of thermal
paper,
the writing/Instruction on the fax/fax paper may disappear after a short period;
or
E-mail, which may disappear/get damaged making the same incapable of being
read/viewed
due to computer failure/malfunction and/or any other reasons. In all such cases the
Client hereby confirms that the same shall be at the client’s risk and Validus
Wealth
shall not be obliged to take any precaution by (a) recording the Instructions given
over the telephone and (b) making or preserving a photocopy of such Fax or
otherwise
and (c) making/ taking printouts of E-mail and preserving a hard copy of such
e-mail
or otherwise. Without prejudice to the above, if Validus Wealth makes of any
recording
of the Telephone Call/makes a photocopy/takes printout of such Fax and/or E-mail
respectively then, the Client agrees that such recording/photocopy/ print-out shall
be conclusive and binding upon the Client notwithstanding that the same is a
recording
of the Telephone Call/photocopy/print out of the Fax and/or E-mail.
Validus Wealth may at any time withdraw the facility of giving Instructions through either
a
Telephone
Call and/ or Fax and/ or E-mail altogether or in respect of the said POA and/ or related
matters by giving prior written intimation of 7 days in this behalf. However, any such
termination
shall not affect anything done or any rights or liability accrued or incurred prior to the
termination and all the above indemnities given by the Client to the Validus Wealth
hereunder
shall survive any such termination.
If the Client desires to discontinue giving Instructions through either Telephone Call and/
or
Fax and/ or E-mail as provided in this writing, the Client shall deliver to Validus Wealth
prior
written request of seven days (7) in this behalf. Such notice of discontinuation shall bind
the Client forthwith upon the request being given by the Client. However, such request of
discontinuation shall not be effective as against Validus Wealth until Validus Wealth has
acknowledged
in writing to the Client that it has received the request. Provided that such
discontinuation
shall not release the Client from the terms of this writing in respect of any action taken
or omitted to be taken by Validus Wealth in accordance with the Instructions or directions
contained
in any Instruction or the terms of this writing prior to such acknowledgement by Validus
Wealth.
PROVIDED that such discontinuation shall not release the Client from the terms of this
writing
in respect of any action taken or omitted to be taken by Validus Wealth in accordance with
the
Instructions or directions contained in any Instruction or the terms of this writing prior
to such acknowledgement by Validus Wealth.
In consideration of Validus Wealth acting and/or agreeing to act pursuant to the terms of
this
writing
and/ or any Instructions as provided in this writing, the client hereby agrees to indemnify
Validus Wealth, its employees, Directors and Affiliates and keep Validus Wealth at all
times saved,
harmless and Indemnified from and against all actions, suits, proceedings, costs, claims,
demands, charges, expense, direct, indirect or consequential losses and liabilities
howsoever
arising and incurred. suffered or paid by Validus Wealth or required to be incurred,
suffered
or paid by Validus Wealth in consequence of or in any way related to:
Validus Wealth having acted or omitted to act in accordance with or pursuant to any
Instruction
or the terms of this writing.
or
ii. Any Instructions received by/given to Validus Wealth which it believes in good
faith
to be such Instructions.
The protection available to Validus Wealth under this writing shall be in addition to any
protection
available to Validus Wealth under any other provision of law or agreement to which Validus
Wealth
may otherwise be entitled. This is also without prejudice to Validus Wealth's other rights,
privileges,
powers and remedies in law and Validus Wealth may delay enforcing its rights without at any
time
losing them and waiver of a right by Validus Wealth hereunder available to it by law shall
not
be deemed to be a waiver of any other rights or of the same right at another time.
The Client hereby specifically agrees and confirms that any matter or issue arising
hereunder
shall be governed by and construed exclusively in accordance with the laws of the Republic
of India and shall be subject to the jurisdiction of the courts of Mumbai.
