SiP24Seven

Terms & Conditions

This Terms and Conditions Agreement is executed between:

This Terms and Conditions Agreement is executed between MKS Partners LLP, having its corporate office at T-01 Rayaba Building, Vidhate Park, Aundh, Pune 411007, being the owner and operator of the digital investment platform SiP24Seven (hereinafter referred to as “the Platform”)

AND

The individual registering on the SiP24Seven website, mobile application, or any associated digital platform (hereinafter referred to as “the User” / “the Investor”)

The Platform and the User are hereinafter collectively referred to as the “Parties”.

ACCEPTANCE OF TERMS

  • The User hereby acknowledges that access to and use of the Platform is subject to acceptance of these Terms and Conditions.
  • By using the Platform, the User expressly agrees that they have read, understood, and accepted this Agreement in its entirety.
  • If the User does not agree with any part of these Terms, the User must immediately discontinue the use of the Platform and its services.
  •  Continued use of the Platform after any modifications or updates to these Terms shall be deemed as acceptance of such revised Terms.

LEGAL NATURE OF AGREEMENT

  • This Agreement constitutes an electronic record in terms of the Information Technology Act, 2000 and does not require any physical or digital signature for its validity or enforceability.
  • The User’s act of accessing, registering, or using the Platform shall be deemed sufficient evidence of acceptance of this Agreement.
  • This Agreement shall be read in conjunction with applicable laws, including regulations issued by SEBI, AMFI, and other competent regulatory authorities from time to time.

NATURE OF SERVICES

  • The Platform operates as a Mutual Fund Distributor and provides access to mutual fund schemes as part of its mutual fund distribution services through the Platform.
  • The Platform enables Users to carry out mutual fund-related transactions such as investments, redemptions, switches, and Systematic Investment Plans (SIPs) through authorized channels and intermediaries.
  • The User acknowledges that the Platform acts only as an intermediary facilitating transactions between the User and Asset Management Companies (AMCs), and does not assume any fiduciary or advisory role.
  • The Platform does not provide investment advisory services, portfolio management services, or financial planning services, and any information provided on the Platform is for general informational purposes only.
  • The Platform displays its ARN (AMFI registration number) and valid NISM certification details.

USER ELIGIBILITY

  • The User hereby confirms that they are at least 18 years of age and are legally competent to enter into binding contracts under the Indian Contract Act, 1872.
  • The User represents that they are not restricted or prohibited by any law from accessing or using financial services offered through the Platform.
  • The User agrees that they are using the Platform voluntarily and at their own discretion.
  • All investments are subject to the completion of KYC (Know Your Customer) requirements as per KRA (KYC Registration Agency) norms.
  • The platform accepts investments from Resident individuals, NRIs (Non-Resident Indians) and residents of restricted jurisdictions (e.g., USA/Canada, which often have specific FATCA/CRS compliance needs) who have a valid KYC with the KRA and have completed all essential compliance formalities.

USER RESPONSIBILITIES

  • The User shall ensure that all information provided during registration and usage of the Platform is true, accurate, complete, and updated.
  • The User shall be solely responsible for maintaining confidentiality of login credentials, passwords, and account access details.
  • The User agrees to comply with all applicable laws, rules, and regulatory requirements while using the Platform and undertaking investment-related activities.
  • All investments made by users/investor’s must originate from the investor’s verified bank account. Third-party payments are strictly prohibited.

INVESTMENT RISK DISCLOSURE

  • The User acknowledges that investments in mutual fund schemes and other financial products are subject to market risks, including the risk of loss of capital.
  • The User understands that past performance of any scheme is not indicative of future results.
  • The Platform does not guarantee returns, performance, or safety of investments made through the Platform.
  • All investment decisions are made solely by the User based on their own assessment, understanding, and discretion.

INTELLECTUAL PROPERTY RIGHTS

  • All content available on the Platform, including but not limited to text, graphics, design, logos, software, reports, and data, is the exclusive intellectual property of the Platform.
  • The User shall not copy, reproduce, modify, distribute, transmit, or commercially exploit any part of the Platform without prior written permission of the Platform.
  • Any unauthorized use of intellectual property shall entitle the Platform to take appropriate legal action.

SECURITY AND PLATFORM USAGE

  • The User agrees not to engage in any activity that may compromise the security, integrity, or functionality of the Platform.
  • Any unauthorized access, misuse of credentials, hacking attempts, or disruption of services is strictly prohibited.
  • The Platform shall not be liable for any loss or damage arising from unauthorized access due to User negligence.

TERMINATION OF ACCESS

  • The Platform reserves the right to suspend or terminate User access to the Platform in case of breach of this Agreement, misuse of services, or regulatory non-compliance.
  • Upon termination, all rights granted to the User under this Agreement shall immediately cease.
  • The Platform may also restrict access temporarily for security, maintenance, or regulatory reasons

 LIMITATION OF LIABILITY

  • The Platform shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from use of or inability to use the Platform.
  • The Platform does not guarantee uninterrupted, timely, or error-free operation of the Platform and shall not be responsible for technical disruptions beyond its control.

 INDEMNITY

  • The User agrees to indemnify, defend, and hold harmless the Platform from and against any claims, losses, liabilities, or damages arising out of misuse of the Platform or breach of this Agreement.

 FORCE MAJEURE

  • The Platform shall not be liable for failure or delay in performance arising from events beyond its reasonable control, including but not limited to natural disasters, cyber incidents, system failures, governmental actions, or network disruptions.

 GOVERNING LAW AND JURISDICTION

  • This Agreement shall be governed and interpreted in accordance with the laws of India.
  • The courts at Pune, Maharashtra shall have exclusive jurisdiction over all disputes arising out of or in connection with this Agreement.

 AMENDMENTS

  • The Platform reserves the right to amend, modify, or update this Agreement at its sole discretion.
  • Continued use of the Platform after such modifications shall constitute acceptance of the revised Terms.