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Terms & Conditions
1. I am above 18 and I have necessary authentication in case I am using it on behalf of minor.
2. I have read, understood below service agreement.
3. This document is a legal contract between me and iKuber.in. It will be considered that I agree with these terms when I click “I agree”, or access, install our services.
4. I hereby agree and give consent for opening of account with iKuber Financial Services IMF Pvt Ltd, an Association of Mutual Funds in India (AMFI) registered distributor for undertaking online mutual fund transactions, an Insurance Regulatory & Development Authority (IRDA) registered Insurance Marketing Firm (IMF) for undertaking insurance transactions and registered for relevant authorities/corporate for offering distribution and services for other products like, but not limited to, home loans, fixed deposits, NPS on www.iKuber.in
5. I hereby give my consent to be contacted on contact number and email id provided by me for providing me information on the product and services of iKuber.
I have applied for an account with iKuber after understanding the nature and scope of services provided by iKuber Financial Services IMF Pvt Ltd.
A) Investments updates for investment through mutual fund, insurance and products of other asset classes.
B) Execution of funds where iKuber.in will transmit fund information to Exchanges, that may be BSE/NSE or any other transaction platform for mutual fund, insurance and products of other asset classes.
A. Customer should use his own bank account for any transaction and in any other case it should be from legitimate source.
B. Keeping login credentials confidential is an explicit responsibility of the customer. The customer should intimate iKuber.in, in case any unauthorized use is suspected.
C. Customer should read all scheme related information of products across all asset classes and understand the risks associated with it.
D. Before investing through iKuber.in, Customer will seek independent financial advise.
A. I hereby allow iKuber.in to utilize my information such as PAN, photo, name, father's name, Date of Birth, gender, marital status, proof of address, address and signature etc. for sending it to KYC Registration Agency (KRA) as part of Know Your Customer (KYC) norm & Asset Management Companies (AMC), insurers and relevant manufacturers of products across all asset classes as part of my application. This can be used for the purpose of validation and to comply with the legal and regulatory requirements. I hereby accept that my address will be updated at the AMC, insurers and relevant manufacturers of products across all asset classes as per my KYC address.
B. I hereby accept that the signature and other details available in the CVL-KRA records/system may be fetched/used for signature verification by AMC/their R&T for processing any requests made by me through www.iKuber.in and in the event of such signature not being available or legible in the CVL KRA records/system, I understand and agree that the AMC shall be entitled to carry out further checks to validate the authenticity of the request and/or to reject/disallow any transaction in connection herewith.
A. I hereby declare that the details of the bank provided on the platform belongs to me and the primary account holder of the account is me and any refunds/redemption should be credited to the aforementioned account which is provided by me.
B. I hereby declare that the Debit Card and/or Net banking account and/or ACH mandate used to make the transaction are linked to bank account of which I am the primary account holder.
C. I authorize iKuber.in and/or its authorized service provider(s) to - execute the NACH/Direct Debit mandate, subsequent NACH/Direct debit instructions related to my investments and electronic money transfer instructions through online payment gateway(s) - carry out subscription/ redemption/ non-financial instructions for mutual fund, insurance and products of other asset classes, which I provide through the website www.iKuber.in using the Email and Password (log-in credentials) associated with my Account - communicate with the AMC, insurers and relevant manufacturers of products across all asset classes on my behalf for financial and non-financial transactions and to receive details of my investment from the AMC, insurers and relevant manufacturers of products across all asset classes.
a. My account will be activated after verifying my personal information through KRA, and I am abiding to provide correct information.
b. ALL authentications/transaction from my credentials or from My registered E-mail id are treated as originated by me.
c. As far as possible, my instructions will be processed the same business day if received before the cut-off time(s) specified by Exchanges and relevant authorities. Authorised and complete transactions shall be processed at the applicable Net Asset Value (“NAV”) as may be accepted by the respective Exchanges and relevant authorities. In case of all mutual fund purchases equal to or above Rs 200,000 (other than liquid schemes), the NAV applicable will be the closing NAV of the day on which the funds are available for utilization. However, for purchases below Rs 200,000 made before the cut-off time, the same-day NAV will be applicable. AMCs are not obliged to accept my application for subscription to units of their mutual fund schemes in part or in full.
d. I hereby consent to iKuber.in , the AMCs and/or Registrar and Transfer Agents (RTAs), and relevant authorities for sharing/exchanging between themselves information related to my KYC and all other details procured from KRA as well as transactions data feed/portfolio holdings/NAV etc.
e. For NACH/ECS mandate, there may be a lag between the date of debit from my bank with request submitted by iKuber.in
f. iKuber.in holds the right to discontinue my services and transaction if required to comply with any legal or regulatory authorities under any law.
g. iKuber.in may revise the Terms of Service at any time by updating the terms. My continued use of services will imply my acceptance of these changes.
I acknowledge that iKuber.in will forward my transaction to AMC after completing "Know Your Client" (KYC) process. In the event where KYC process is not completed by me to the satisfaction of the AMC, I hereby authorize the 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 with such funds that may be required by the law.
I understand that iKuber will process my instructions on best effort basis. I understand that my instructions will be processed the same business day if received before the cut-off time(s) specified by iKuber, ELSE my instructions will be processed on the next business day. IKuber may specify cut-off time(s) earlier than the time(s) specified by the AMC/ SEBI/IRDA or such relevant authorities. I will not dispute and/or hold IKuber responsible for any loss, notional or otherwise, incurred because of:
a) delays either at the Bank, Registrar and Transfer Agency, AMC, Insurers, Companies or relevant authorities.
b) rejection of my instructions by the Bank, Registrar and Transfer Agency or AMC, Insurers, Companies or relevant authorities.
c) processing of instructions authenticated by my Login Credentials
d) non-availability or non-accessibility of the Website, telephone(s), or office(s) of IKuber in case of circumstances beyond iKuber's control
I confirm that the ARN holder (iKuber Financial Services Pvt Ltd) has disclosed to me all the commissions (trail commission or any other mode), payable to them for the different competing Schemes of Mutual Funds, insurance and products of other asset classes amongst which the Scheme is being recommended to me. I confirm that details provided by me are true and correct.
I will not dispute and/or hold iKuber responsible for any loss, notional or otherwise, incurred because of suggested investment and withdrawal amounts in different mutual fund schemes, insurance and products of other asset classes. I also understand ARN holder would do this on a best effort basis.
I acknowledge that if I have placed a redemption (full or partial) request from a channel other than the ARN holder (iKuber Financial Services IMF Pvt Ltd) then the available withdrawal amount on www.iKuber.in may not be in sync. I acknowledge that under such circumstances redemption order may fail or be partially fulfilled.
I understand that after my withdrawal request is processed by iKuber the money may take up to 1 business day (for debt funds) and 3 business days (for equity funds) to be credited to my bank account. I confirm that the bank account details displayed at the time of redemption request are correct and I am the primary account holder of the bank account displayed. I authorize AMC, insurers and other relevant manufacturers of products across all asset classes to use this bank account to redeem my amount.
I understand that there may be early exit charges as per SID / SAI / KIM / product features of the scheme(s) and other products chosen on the platform.
Any loss, notional or otherwise, and variances in values incurred on account of:
A) Delays and processing time at the Bank, Registrar & Transfer Agency, AMC, insurers and other relevant manufacturers of products across all asset classes;
B) Rejection of my instructions by the Bank, Registrar and Transfer Agency or AMC, insurers and other relevant manufacturers of products across all asset classes;
C) Processing of instructions authenticated by my login credentials;
D) Non-availability or non-accessibility of the website, telephone(s), or office(s) of iKuber.in in case of circumstances beyond its control.
In addition to the above, I agree and confirm that:
A) Any offering, recommendation or transaction at iKuber.in does not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation.
B) I am Non-Resident(s) of Indian nationality/origin and that funds for purchases are remitted from abroad through approved banking channels or from funds in my NRE/NRO/FCNR account in India.
C) I am not resident/ incorporated under the laws of the United States of America (USA), Canada or any Financial Action Task Force (FATF) declared non-compliant country or territory.
D) As a user of the website from any country other than India, I understand that use of iKuber.in may be a potential violation of laws in such countries. I am solely responsible for compliance with foreign and local laws of my country of residence or citizenship.
E) I agree that I am solely responsible for any liability incurred in this regard and will indemnify iKuber.in for any liability iKuber.in may incur in any foreign jurisdiction as a consequence of the citizens/residents of countries other than India using the service.
A. I understand Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. Having read and understood the content of the SID / SAI / KIM of the scheme(s) chosen on the platform, I hereby apply for units of the scheme. I have read and understood the terms, conditions, details, rules and regulations governing the scheme. I hereby declare that the amount invested in the scheme is through legitimate source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions 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. I have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I confirm that the funds invested in the Scheme, legally belongs to me.
B. I understand that insurance a subject matter of solicitation.
C. I hereby 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. I agree and understand that I shall be solely liable to inform the Distributor/AMC/insurers and other relevant manufacturers of products across all asset classes in case of any change in my KYC information including change in signature etc. and in the event of my signature not being updated, available or legible in KYC records, the Distributor/AMC/ insurers and other relevant manufacturers of products across all asset classes 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.
D. I shall execute and deliver to iKuber from time to time such other documents as may be required for updation of records if any. I further agree that any false/misleading information given by me or suppression of any material fact will render my account liable for termination.
A. I acknowledge that I have read all the Terms and Conditions which are applicable for usage of ikuber.in account facility on www.iKuber.in and that I have read and understood the said Terms and Conditions and that a copy of the Terms and Conditions is available on www.iKuber.in and I hereby severally agree and undertake to abide by these Terms and Conditions. I further agree to accept the updated Terms and Conditions as may be notified from time to time on www.iKuber.in before executing the transactions.
B. I understand and agree that, pursuant to the Terms and Conditions, I hereby authorise iKuber to execute my instructions for purchase/redemption/switch/ sell or other transaction/activities in respect of online mutual fund, insurance and other asset classes related transactions on my behalf, as may be instructed by me from time to time on www.iKuber.in
C. I hereby declare that the details furnished through the process are true and correct to the best of my knowledge and belief, and I undertake to inform iKuber.in of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it and my account may become liable for termination.
D. The laws of India govern this Agreement. All disputes are subject, firstly, to mediation, and then by Arbitration by a sole arbitrator appointed by iKuber. The venue of arbitration will be Mumbai.
E. I am aware and accept that all information, content, materials, products (including, but not limited to text, content, photographs, graphics, video and audio content) on the website is protected by copyright in favour of iKuber under the applicable copyright laws and the general intellectual property law.
F. I understand and accept that all information submitted by me on the site shall be deemed the property of iKuber, and iKuber shall be free to use any ideas, concepts, know-how or techniques provided by me in any manner whatsoever.
G. I agree that I shall not copy, reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, transmit, license, create derivatives from, transfer, or in any way exploit, any part of any information, content, materials, services available on or through the site, except that which I may download for my own personal, non-commercial use.
H. I agree that I will not use iKuber’s website for any purpose that is unlawful, or prohibited by these terms. I also agree I will not use the site in any manner that could damage, disable or impair the website, or interfere with any other party’s use, or enjoyment of the website.
I. I acknowledge that the software and hardware underlying the site, as well as other Internet-related software required for accessing the website, are the legal property of the respective vendors. The permission given by iKuber to access the website will not convey any proprietary or ownership rights in the above software / hardware. I agree that I shall not attempt to modify, translate, disassemble, decompile, or reverse engineer the software / hardware underlying the website, or create any derivative product based on the software / hardware.
J. I understand and accept that not all products and services offered on this website are available in all geographic areas, and I may not be eligible for all the products or services offered by iKuber on the site. iKuber reserves the right to determine the availability and eligibility for any product or service.
K. I understand and accept that iKuber is not responsible for the availability of content, or other services on third-party sites linked from the website. I am aware that the access of hyperlinks to other internet sites are at my own risk, and the content, accuracy, opinions expressed, and other links provided by these sites are not verified, monitored or endorsed by iKuber in any way. iKuber does not make any warranties, and expressly disclaims all warranties, express or implied, including without limitation, those of merchantability and fitness for a particular purpose, title or non-infringement with respect to any information or services or products that are available or advertised or sold through these third-party websites.
L. iKuber shall not be liable if any transaction does not fructify, or may not be completed, or for any failure on the part of iKuber to perform any of its obligations under these terms and conditions, or those applicable specifically to its services/facilities if performance is prevented, hindered or delayed by a Force Majeure event (defined below). In such a case, its obligations shall be suspended for so long as the Force Majeure event continues.
M. “Force Majeure Event” means any event due to any cause beyond the reasonable control of iKuber, including and without limitations the unavailability of any communication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of God, civil commotions, strikes or industrial action of any kind, riots, insurrection, war, acts of the government, computer hacking, unauthorised access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal, or the systems getting affected by any malicious, destructive or corrupting code or programme, mechanical or technical errors/failures or power shutdown, faults or failures in telecommunication, etc.
N. I understand and accept that iKuber has the absolute discretion to amend or supplement any of the terms at any time. The changed terms and conditions shall be available to me on the website, and by other acceptable modes of communication. By using iKuber’s services, I shall be deemed to have accepted the changed terms and conditions.
O. I understand and agree that these terms are in addition to, and not in derogation of, the applicable terms and conditions relating to my usage of any iKuber’s services that I may be currently availing, or may avail in the future.
iKuber.in has not reviewed all of the sites linked to its Internet website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by iKuber.in of the site. Use of any such linked website is at the user's own risk.
The materials appearing on iKuber.in 's website could include technical, typographical, or photographic errors. iKuber.in does not warrant that any of the materials on its website are accurate, complete, or current. iKuber.in may make changes to the materials contained on its website at any time without notice. IKuber.in does not, however, make any commitment to update the material.
The iKuber.in website language translation service utilizes the Google Translation API. iKuber.in has made reasonable efforts in order to provide accurate translations, however, no automated or computerized translation is perfect and is not intended to replace human or traditional translation methods. Please note that translations from Google Translate are not perfect. Accuracy may vary across many languages. Not all text may be translated accurately or translated at all. Moreover, Google Translate is a third party provider. We do not have control of their translation process. Hence, iKuber.in is not responsible for incorrect or inaccurate translations. We will not be held responsible for any damage or issues that may result from using Google Translate. The official text is the English version of the iKuber.in website. Any discrepancies or differences created in the translation are not binding and have no legal effect for compliance or enforcement purposes. If any questions arise concerning the accuracy of the information presented by the translated version of the website, please refer to the English version of the website, which is the official version
The materials on iKuber.in 's website are provided "as is". iKuber.in makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, iKuber.in does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet website or otherwise relating to such materials or on any sites linked to this site.
Disclaimer of Warranties