General
By installing the Application (as defined below), you [also referred to as “the User”] are agreeing to be legally bound by the terms and conditions given herein below. Please read the following terms and conditions carefully before installation of the Application and/or acceptance of the following terms and conditions.
Definition
The “Application” [also referred to as “ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}” , shall mean the software provided by ARM FINTECH CONSULTANTS (P) LTD. (“ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}”) to offer such services, as ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may decide from time to time, pertaining to financial and other services relating to Mutual Funds and other financial products as decided by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} services, to be used on Apple iOS (Apple’s mobile operating system) and Android OS (Android operating system) devices and any upgrades from time to time and any other software or documentation which enables the use of the Application.
Data Protection
Any personal information you supply to ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} when using the Application, will be used by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} in accordance with its ‘Disclaimer & Terms of Use’ and ‘Data Protection Policy’ mentioned on the webapps of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} viz. https://www.armfintech.com
Proprietary rights and licence
All trademarks, copyright, database rights and other intellectual property rights of any nature in the application together with the underlying software code are owned either directly by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FINNSYS} or by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}’s licensors.
Eligibility
An existing Investor/folio holder of an Independent Financial Advisor (IFA) who is using FinnSys software provided by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} or user of a website or client of an IFA in Mutual Funds or other financial products being user of the software by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, or the IFA/Financial Advisor himself, who is a Resident Indian Individual and who is KYC (Know Your Client) compliant, and having an email id registered in the folio and his credentials validated by the IFA / Financial Advisor / ARN Holder is authorized to register on the apps for ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} and to avail the services provided by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}. Depending upon the requirements, ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may add / modify the eligibility conditions from time to time at its own discretion.
System Requirements
In order to use the Application, you are required to have a compatible mobile telephone or any other compatible device, internet access and the necessary minimum specifications. You need to be a user of the software FinnSys owned by ARM FINTECH CONSULTANTS (P) LTD or a client of an IFA / Financial Advisor /ARN Holder using FinnSys. Subscription of FinnSys owned by ARM FINTECH CONSULTANTS (P) LTD and an active domain and hosting where the FinnSys is hosted, is a must, for usage of apps provided by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}.
Software Requirements
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} shall on a best effort basis support the mobile operating systems such as Android, and Apple iOS. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} does not guarantee full compatibility for each type of mobile phone/device display pertaining to size, pixels and its mobile operating system in current or later versions due to the multitude of operating systems and their different functioning caused by specific features. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} shall inform about any such updates to the Application through any communication channel owned by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}.
Registration
To register as a client of an IFA / Financial Advisor / ARN Holder, using FinnSys by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}
Application registration is required and it is allowed based on the email id registered / and information available at IFA / Financial Advisor / ARN Holder level for the respective user of the respective IFA / Financial Advisor / ARN Holder. The Application shall be downloaded from mobile store / through https://armfintech.com and logged-in with the provided login credentials by the IFA / Financial Advisor / ARN Holder.
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} shall endeavor to provide to the User through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, such services as ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may decide from time to time. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} reserves its right to decide the type of services, which a category of User may be offered on each account and may differ from category to category.
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} at its sole discretion shall add /delete the services offered to the User through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}.
Access to ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application will be restricted
- if the user allows any other person to have access to ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application other than the registered user or
- if the user attempts or permits to attempt accessing the account information stored in the mobile through any unauthorized means.
The User of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application grants express irrevocable authority to ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} to act upon any instruction given by the User through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application, as may be permitted through the application from time to time and until valid termination of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application service by the User. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} shall have no obligation to verify the authenticity of any instructions received through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application or purporting to have been sent by the User via ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} other than by means of verification of the login credentials as provided by the IFA / Financial Advisor / ARN Holder.
The display shown at the time of operation of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} in the mobile phone/device is a proof of record that the operation was made with the use of mobile phone/device and shall not be construed as final record of the instruction. The records maintained by ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} at its end through computer systems will be deemed as final and conclusive, which will be the binding evidence for all purposes.
The login details will be sent to the investors by the IFA / Financial Advisor / ARN Holder as per their own login credential distribution policy. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} shall not be responsible for the dissemination of the login credentials of the clients of each IFA / Financial Advisor / ARN Holder.
Usage of the ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application shall be in addition to, and not in substitution of, the existing FinnSys installed on the website of the IFA / Financial Advisor / ARN Holder .
Usage by minors
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} is not intended for use by minors. The user should ensure that only the guardian of the Minor shall avail this service.
Liability of the User
The User of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application accepts to have read and understood the terms and contents of the Scheme Information Document(s), Statement of Additional Information and Offer Documents of the respective Mutual Fund and their Scheme(s).
The User hereby agrees and accepts to the terms and conditions of the respective Mutual Fund for allotment of Units in the Scheme(s) and processing of transactions in the respective Mutual Fund.
The User hereby declares that they are authorized to make the investment, and have made investment through and authorized person and the amount invested in the Scheme is through legitimate sources and does not involve and is not designed for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directions issued by any regulatory authority in India.
The User hereby confirms that the subscription amount is debited from the bank account as registered with the respective Asset Management Company (AMC) and not from any other third party account / fictitious account.
The User hereby understands, acknowledges and confirms that in the event the application for subscription does not comply with the provisions of the Scheme Information Documents (SID), the AMC or Trustees or the Mutual Fund or its Registrar Transfer Agent (RTA) retains the absolute right and discretion to reject and not to process such application, and refund the subscription money without being liable for such rejection.
The User acknowledges that the terms of agreement with your respective mobile phone/device network provider will continue to apply when using the Application. As a result, you may be charged by the mobile phone/device network provider for access to network connection services for the duration of the connection while accessing the Application or any such third party charges as may arise. The User accepts responsibility for any such charges that arise.
The User accepts that the information provided to the User through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may not be updated on a real-time basis. Consequently, any information supplied to the User will pertain to the date and time when it was last updated. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}/the IFA/ Financial Advisor/User of FinnSys/ the AMC shall not be liable for any loss that the User may suffer by relying on or acting on such information.
The User accepts that the use of the ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application shall be subject to the terms and conditions of any applicable agreements between ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, Service Providers and the IFA / Financial Advisor/ ARN Holder/ AMC/the Mutual Fund and /or the User.
Limitation of Liability
In no event will ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} or the IFA , the Financial Advisor / the ARN Holder or the AMC or the Trustee Company or the Mutual Fund or its Sponsors or their associates or any person connected with it, be liable for any direct, indirect, special, punitive, exemplary or consequential losses or damages of whatsoever kind arising out of your use or access to the Application, including loss of profit or the like, whether or not in the contemplation of the parties, whether based on breach of contract, tort (including negligence) or otherwise.
Indemnity
The User hereby accepts the sole responsibility for maintenance of the password of FinnSys. The IFA / Financial Advisor / ARN Holder and ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} and the AMC, the Trustee Company, the Mutual Fund, its Sponsors, their associates and any person connected with it shall not be held liable for any loss suffered by the User due to disclosure of the password and other personal information to a third party.
The User understands that the User’s mobile phone/device can be misused in the event of loss of the mobile phone/device or it falling in the wrong hands. The User shall not hold ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, the IFA , the Financial Advisor / the ARN Holder, the AMC, the Trustee Company, the Mutual Fund, its Sponsors, their associates and any person connected with it, responsible for any loss that the User or any third party may suffer due to such circumstances.
The User shall at all times indemnify ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, the IFA / the Financial Advisor / ARN Holder, the AMC, the Trustee Company, the Mutual Fund, its Sponsors, their associates and any person connected with it, from and against any and all actions, proceedings, claims and demands whatsoever for or on account of or in relation to any use / misuse of the ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} application by the User or any third party using the User’s login credentials, and from and against any and all damages, costs, liabilities, charges and expenses in respect thereof.
The User agrees that any information that is entered through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} with the provided login credentials, whether initiated by the User or not, shall be deemed to have originated from the User. The User shall be held liable for all such losses from unauthorized information in the User’s folio through ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application.
The User hereby accepts that in case of any discrepancy or any error in the information in ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}, the User shall inform the IFA / the Financial Advisor and ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} immediately. ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} on receipt of the intimation of such error or discrepancy will endeavor to correct the error promptly wherever possible or will advise the IFA / Financial Advisor how to resolve the same on a best error basis.
Termination of ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application Service
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may terminate use of the Application at any time by giving notice of termination to the User for such reason as ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} may, in its sole and absolute discretion deem proper.
The User can request for termination of the ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} Application Services at any time by giving 15 days prior written notice to ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT}. There will be no refund of any charges paid to ARM FINTECH CONSULTANTS (P) LTD.
Governing Law
Any dispute or differences whatsoever arising out of this arrangement shall be governed by the Laws of India. The court of law at DELHI and Lucknow shall have the exclusive jurisdiction over any disputes arising under this arrangement.
ARM FINTECH CONSULTANTS (P) LTD { IN THE NAME OF ITS BRAND FUNDCONNECT} reserves the right to amend/alter or add/delete the clauses in these terms and conditions which will be updated from time to time in https://www.armfintech.com . The User hereby confirms that he is deemed to have read and understood the latest terms and conditions as it exists on the date of usage and binds himself to abide by those terms.
Miscellaneous
The headings in this document are for convenience only and are not intended to have any legal effect nor purport to be complete or accurate descriptions of the content thereof and shall not be used to interpret the provisions of this document
In the event, any of the aforesaid terms and conditions shall be rendered/held to be unenforceable due to any regulatory changes, the remaining terms and conditions shall be unimpaired, and the unenforceable term or condition shall be replaced by such enforceable term or condition as may come closest to the intention underlying the unenforceable term or condition.