Mirae Asset Sharekhan

Welcome! We appreciate you choosing our platform for your mutual fund investments. Before proceeding, please take a moment to review the following important terms and conditions:

For users with demat enabled, all orders/SIPs shall be default to demat mode. For users whose demat mode is not active, Default mode shall be non-demat mode. By placing an order(s)/SIP order, you acknowledge this selection.
When placing an order (in non-demat mode), a new folio will be automatically created unless (user has an existing folio with that respective AMC) otherwise specified. Users have the option to choose an existing folio or modify the investment mode (demat/non-demat) before placing their orders
- All the above can be modified by the client with the help of 3 dot menu (kebab icon) on order window
Single Mandate: If you have already created a mandate for mutual fund transactions, that mandate will be automatically applied to any new mutual fund transactions you initiate through Mirae Asset Sharekhan Platform. This means that the mandate will be used for processing your SIP & One Click Multiple SIP basket order as applicable.
Multiple Mandates: If you have created multiple mandates, the most recently created mandate whose status is approved (i.e., the mandate with the latest creation date time or active mandate of whichever is higher amount unless & until customer is select as default) will be the default mandate and will be applied to all new mutual fund transaction for SIP & One Click Multiple SIP basket order placed through the Mirae Asset Sharekhan Platform, as applicable. Maximum number of approved/ pending mandates will be as per Mirae Asset Sharekhan discretion.
Lumpsum order and/or Lumpsum Basket Order, SIP, SIP basket Order: The amount shown during the placement of an order(s) are approximate values. The definitive amount or number of units credited to the customer's account shall be calculated in accordance with the applicable Net Asset Value (NAV)
Monthly Systematic Investment Plan (SIP) orders shall be executed on the selected day, subject to the condition precedent that such date is a business day

Normal SIP & One click multiple SIP baskets: SIP can be placed by user on basis of same day/ Future date logic.

For same day SIP – Client should make 1st payment on the day of order placement and future SIP instalments shall be debited from his linked bank account as per date selected by the client and mandated to the Bank, which will be auto debited as per 30 days logic.

For Future day SIP – Payment will not be taken on the day of order placement. Users are allowed to select date for first instalments post T+5 working days and then amount shall be debited up to T-2 days as per your approved mandate.
NFO SIP: Only Same day SIP logic is applicable for NFO SIP. So, first payment will be applicable as per NAV of allotment date and future SIP instalments will be as per date selected by the user, auto debited as per 30 days logic as mentioned in your mandate Further in case your mandate expires on any particular day it will be solely the customers responsibility to renew the same, Mirae Asset Sharekhan or any person associated with its portal/website shall not be liable or responsible for any harm, loss or damage arising thereof.
Saving UPI Id: For your convenience, a successfully verified UPI ID on the mutual fund order page will be stored for subsequent order placements. By proceeding, you agree to this.
Systematic Investment Plan (SIP) orders shall be subject to automatic cancellation in the event that three consecutive SIP instalments irrespective of SIP frequency are bounced, returned or dishonoured due to insufficient funds or other related reasons
The term 'until cancelled' on this platform indicates that the SIP will remain valid for a duration dependent on the mandate provided on the respective platform, after which it will automatically expire."
- You may cancel your SIP at T-5day logic through the SIP order book.
- The SIP will end automatically based on the mandate validity, the maximum number of instalments allowed, or whichever occurs first
The SIP amount will be automatically debited from your designated bank account up to two days prior to the selected SIP date.
Baskets can change as per Mirae Asset Sharekhan discretion.

Please note that redemption & switch order once placed cannot be cancelled/modified.

I/We acknowledge and confirm that this order is placed at my/our sole discretion and responsibility

I understand that mutual fund schemes selected through search, research, or platform-suggested research baskets, including those in 'One click multiple SIP product' or similar baskets, may not meet my stated objectives or be suitable for my individual circumstances. I accept the risk of selecting such schemes

The NAV will be applicable based on the time of fund realization in Exchange's account. Also, all mutual fund transactions will be carried out in real time; however, it may take up to 30 minutes for your payment status to be reflected in the reports

Terms & Conditions for Insight to Redeem Page

Educational Purpose Only:
- The insights and information provided on this page are intended for educational purposes only. This should not be construed as financial advice or recommendations from MASK
User Discretion:
- The user acknowledges and agrees that any financial decisions made based on the information provided are solely at their own discretion and risk.
- The user understands that financial markets are inherently risky, and investments can result in losses.
No Financial Responsibility:
- MASK (referred to as "the provider") shall not be held responsible or liable for any financial losses incurred by the user as a result of relying on the information presented on this page.
Data Accuracy Disclaimer:
- MASK does not guarantee the accuracy, completeness, or reliability of the data and information displayed on this page since as there is dependency on external entities like RTAs/Exchanges/Banks/Clearing Corporations.
- MASK disclaims all responsibility for any errors, omissions, or inaccuracies in the provided data since there is dependency on external entities like RTAs/Exchanges/Banks/Clearing Corporations.
No Investment Advice:
- The information provided should not be considered as personalized investment advice. The user is strongly advised to seek advice from a qualified financial advisor or consult with your designated relationship manager before making any investment decisions.
Acceptance of Terms:
- By accessing and using the information on this page, the user acknowledges that they have read, understood, and agreed to these Terms and Conditions.
Changes to Terms:
- MASK reserves the right to modify or update these Terms and Conditions at any time without prior notice. It is the user's responsibility to review these terms periodically.

Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance may or may not be sustained in future and should not be used as a basis for investments. The use of this website is at your sole risk. We shall not be responsible or liable for any loss, shortfall, tax, cess, damages, AMC charges or fees, Automated Clearing House (ACH) return charges, ACH processing charges, bank charges etc. incurred by you due to any reasons including but not limited to delay in processing of orders, orders not being processed or rejected, any mistake or omission on part of the RTAs, AMCs, Banks ,Exchanges & depositories.

Effective from July 1, 2022 all the transactions placed by the customer will be processed through the EXCHANGE exchange platform. All the dividend and redemption amounts will be directly credited to your registered bank account or will be sent by cheque at your correspondence address registered as per AMC and/or DP records. ELSS (Equity Linked Tax Saving Schemes) have a lock in period of 3 years and would be eligible for Tax benefits as per the prevailing Income Tax laws. Redemption of ELSS or closed ended fund is subject to lock-in period.

Cut Off Timings

Scheme Category	Scheme Cut-Off Timings
	Purchase	Redemption/SWP	Switch/STP/ASTP
Liquid (T-Day)	2:30 PM	3:00 PM	3:00 PM
Debt (T-Day)	2:30 PM	3:00 PM	3:00 PM
Equity (T-Day)	2:30 PM	3:00 PM	3:00 PM

Note: NAV will be applicable basis payment realization by EXCHANGE. Our cut-off timings are at par with EXCHANGE. Cut-off timing could be revised as and when required to ensure operational efficiency& related communication would be shared before updating. For DEMAT mode transactions, units will be transferred to the mapped demat account as per exchange settlement schedule for purchases, while for redemptions, amount will be directly credited to the UCC registered bank account.

Effective April 1, 2024, as directed by SEBI vide its circular reference no.: SEBI/HO/OW/IMD/IMD-SEC1/P/2024/270/1 dated January 3, 2024, with regard to Uniformity in Cancellation of SIP's across Mutual Funds, AMCs are required to follow the below uniform timelines for treating an SIP as closed/cancelled for auto cancellation of SIP Registration:

Sno	SIP Frequency	Number of failed debit attempts prior to cancellation of SIP
1	Daily	3
2	Weekly
3	Fortnightly
4	Monthly
5	Quarterly or longer Interval SIP’s	2

Therefore, if any SIP/XSIP registrations consecutive debit attempts failed as per the SIP frequency provided in above table then such SIP/XSIP registrations shall be auto cancelled by RTA.

TERMS AND CONDITIONS FOR INVESTING IN ONLINE MUTUAL FUNDS.

The terms and conditions for online investing in Mutual Funds given below are in addition to and binding on the existing Client Agreement that has been signed by you at the time of becoming our client.

The client is requested to check the personal and bank related details provided by him/her. Neither Mirae Asset Sharekhan/affiliates/officers/Directors nor any of the Mutual Funds chosen shall accept any liability which may arise as a consequence of the erroneous information provided by the client. The customer / investor / client is requested to check the customer profile wherein their name, bank details, DP details,nominee details, FATCA, etc. are displayed. In case of any deviation in the details, customers need to get the details rectified by submitting relevant forms and/or documents before any further transactions are initiated.
I/We are aware that all the mutual fund transactions placed by the customers w.e.f April 1, 2022 will be processed through the exchange platform subject to the stated guidelines.
I/We are aware that the application money with respect to the lumpsum purchase/SIP purchase transactions placed after June 30, 2022 cut-off time need to be transferred to CLEARING CORPORATION account by clicking on the link provided by CLEARING CORPORATION to the registered e-mail address of the customers.
The units of the schemes shall be allotted, redeemed or switched, as the case may be, at the Net Asset Value (NAV) prevalent on the date of the application on a best effort basis, if the application for purchase, redemption or switch is received by Mirae Asset Sharekhan / exchange before the cut-off time as specified on the website and consistent with the terms of the Scheme. However, in a scenario where Mirae Asset Sharekhan /RTA/Exchanges/AMC/DP/BANK/NPCI is/are not in a position to get the transactions processed on the applicable NAV date due to reasons which are not in their control, Mirae Asset Sharekhan shall arrange to get the transactions processed at the NAV of the next immediate available business day on a best effort basis. However, NAV for allotment of units in the schemes will depend on the time of the client's transaction (before the cut-off time specified in Mirae Asset Sharekhan's website) and the date and time that the client's subscription amount is credited to the CLEARING CORPORATION account and further credit to the respective AMC Scheme Collection Accounts. Mirae Asset Sharekhan /affiliates/officers/Directors shall not be liable for any loss that may arise to the client as a result of the correct NAV not being allotted by the AMCs to the client's transactions on the website.
Based on SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 and SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, Effective February 1, 2021, the units of mutual funds will have to be allotted on the basis of receipt of application money to the scheme collection account of the AMC within the cut-off time applicable for the scheme. For the purchase transactions placed by the client(s) within the cut-off time specified by Mirae Asset Sharekhan, Mirae Asset Sharekhan shall arrange to report transactions to EXCHANGE and EXCHANGE shall arrange to transfer the funds received by them in the CLEARING CORPORATION, to the respective AMCs on a best effort basis within the industry cut-off time itself to enable allotment of units in the NAV of the same business day. Since the regulation mandates that the funds should reflect in the AMC scheme collection account(s) before the cut-off time, post fund transfer by customers within the cut-off time and non-credit of the amount within the cut-off time in the AMC account by exchange due to reasons which are not in control of Mirae Asset Sharekhan, the client will not hold Mirae Asset Sharekhan /affiliates/officers/Directors liable in any manner. Further MASK shall not be held responsible or liable for any failure to execute a transaction placed by client due to reasons including but not limited to any glitches in technology or due to connectivity issues or issues in the network of MASK its service providers or exchange.

"It may be clarified that while EXCHANGE/CLEARING CORPORATION will take various effective methods to ensure to transfer the funds before the cut-off time in the AMC's bank account so that the investment of the client, will be eligible as per transaction day NAV, CLEARING CORPORATION/EXCHANGE or any one of its staff members cannot be held responsible in the event of delay in transfer of the funds on account of any unforeseen circumstances/Issues in banking system/ or any other problems that may result a delay in crediting the funds in the AMC's bank account and the client will be eligible to get that day's NAV in which the funds are realised in the AMC's bank account. In view of the above, we shall not be in a position to accede to your request to pay any compensation, towards the NAV difference, if any.

I, being an existing customer of Mirae Asset Sharekhan am aware that the transaction'(s) is/are reported by Mirae Asset Sharekhan to Exchange and the related funds ( application money ) towards lump sum purchase / new SIPs registered post June 30, 2022 are debited to the registered bank account of the customers through the bank payment gateway of the registered bank displayed during the order placement OR through the payment link url that will be sent to the customer's registered mobile number / e-mail address by exchange immediately on placement of the orders by the customers before the cut-off times specified by the exchange. Exchange will ensure to transfer the funds to the respective AMC scheme collection accounts through CLEARING CORPORATION before the industry cut-off time so that the investment of the client will be eligible for the transaction day NAV. Transfer of funds by CLEARING CORPORATION to respective AMC scheme collection account via nodal bank will happen at T+1 day. I am aware and agree that:

In the event if exchange fails in reporting the transactions from their end to the RTA or failed to debit the amount before the cut-off time / failed to transfer the amount further to the AMC scheme collection accounts due to any reasons which are not in control of Mirae Asset Sharekhan, Mirae Asset Sharekhan will not be liable for any compensation or any loss incurred by me/us as a customer of Mirae Asset Sharekhan.
In the event if exchange correctly reported the transactions of Mirae Asset Sharekhan customers to the RTA(s) before cut-off time and transferred the funds to the AMC accounts before the applicable cut-off time and the fund transfer is delayed on account of any unforeseen circumstances/Issues in banking system/ or any other problems that may result a delay in crediting the funds in the AMC's bank account and the client will be eligible to get that day's NAV in which the funds are realised in the AMC's bank account. In such cases I/we as a customer will not make Mirae Asset Sharekhan liable for any compensation for any loss incurred.
In cases where the orders are placed by the customers before the cut-off time specified on the website and the payment is made after the cut-off time the order will be considered for NAV of the next business day or on realisation of funds.
Any request falling due on a holiday would be processed on the next business day and respective NAV would be applicable as per the Mutual Fund's offer document, Key Information Memorandum (KIM), Scheme Information Document (SID) and Statement of Additional Information (SAI).
The client agrees and understands that in case they wish to close their trading and or demat account, they will have to either transfer their units to another demat account, redeem or convert to physical units for all his/her/their mutual fund holdings, de-activate/cancel the ACH/ENACH/ registered and also to stop the ongoing SIPs. The client agrees that Mirae Asset Sharekhan shall not be responsible for any loss or implication in such cases. In case the client fails to do so and thereby cannot transact in such units not converted or redeemed after their account stands closed, the client agrees that Mirae Asset Sharekhan shall not be liable for any further consequences occurred on account of this act of client.
I am aware that my SIP orders placed will be executed only if the funds are received by exchange or- CLEARING CORPORATION before the cut-off time on the instalment date either through successful debit of the NACH mandate to the bank account /by transfer of sufficient funds to exchange/- CLEARING CORPORATION account.
I am aware that through NACH mandate debit I will be receiving a payment link too from exchange/ CLEARING CORPORATION to enable me to transfer the funds before the SIP date cut-off time OR as specified in the Mirae Asset Sharekhan website. In case mandate registered with EXCHANGE then payment link will not be triggered
For change of address or any personal details of the client, the client shall send "Master Changes Form" to Mirae Asset Sharekhan duly signed by all the co-holders. For change of my address to be reflected in mutual fund records of the respective AMCs, I am aware that the KRA KYC/CKYC records need to be updated by submitting the requisite change of address form of the KRA. The new address will be reflected in the mutual fund records as and when RTAs download these updates periodically. For all other changes like change of name, change in bank details, nominee details etc separate client master change forms need to be submitted with Mirae Asset Sharekhan who in turn will update their records and forward the details to the respective AMCs for updation in their records. The customers holding demat accounts also should ensure the respective DP masters are updated with their latest address, bank details and nominee details etc time to time by submitting the required master changes forms.
I hereby allow Mirae Asset Sharekhan to utilize my CKYC/KYC information such as identity (name, PAN, age etc.), address and signature for sending it to Asset Management Companies (AMC) for the purpose of validation and to comply with the legal and regulatory requirements. I hereby accept that for any transactions that are submitted offline i.e. with wet signatures, the signature available in my CKYC/KYC records would be used for signature verification. I agree and understand that I/we shall be solely liable to inform Mirae Asset Sharekhan / AMC in case of any change in my / our CKYC/KYC information including change in signature/ signatories etc. and in the event of my / our signature not being updated, available or legible in CKYC/KYC records, Mirae Asset Sharekhan / AMC would be within its rights to carry out further checks to validate the authenticity of the request or reject any such offline request based on existing CKYC/KYC information.
Effective 1st April 2024, SEBI has made some changes in Know Your Customer (KYC) guidelines. Following these changes KYC status is categorized into 'Validated', 'Registered', 'Rejected' and 'On hold' with varying degree of impact on your transactions. For instance, if the KYC status is 'KYC Validated', you can invest across mutual fund houses seamlessly. However, if the KYC status is either On Hold/ Rejected, you will not be able to transact in mutual funds. If the KYC status is 'Registered' You can continue to make transactions (like purchase/ redemption/switches/SIP's) in all existing mutual fund investments seamlessly.
The Customer Service Department of Mirae Asset Sharekhan is handling all Mutual Fund related queries/complaints of the clients. The complaints should be raised on the customer support Email ID : myaccount@sharekhan.com or igc@sharekhan.com only.
The client undertakes to read all the relevant offer documents and addendum(S) / regulatory clauses published by regulatory authorities and understand the terms and conditions of all schemes of all mutual funds offered through Mirae Asset Sharekhan time to time, before entering into any transactions through Mirae Asset Sharekhan.
The Customer(s) have understood the details of the Scheme and have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
The Customer(s) confirm that the details provided by the Customer(s) are true and correct.
The Customer(s) hereby declare that the amount being invested by the Customer(s) in any Scheme(s) of mutual funds is derived through legitimate source only and does not involve 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.
For NRIs only - I / We confirm that I am/ we are Non-Residents of Indian nationality/origin and that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non-Resident External / Non Resident Ordinary / FCNR account. I/We confirm that details provided by me/us are true and correct. I/We confirm that my/our application is in compliance with applicable Indian and foreign laws and I am / we are not prohibited from accessing capital markets under any order/ruling/judgment etc. of any jurisdiction / regulation.
The Customer(s) confirm that in the event the Customer(s) have mentioned "Not Applicable" against Permanent Account Number (PAN), such Customer(s) are not required to obtain a PAN under the provisions of the Income Tax Act, 1961.
Mirae Asset Sharekhan may advice to invest, sell or distribute Mutual Fund schemes of Mirae Asset Investment Managers (India) Private Limited where both entities are part of the same group Mirae Asset Global Investments.
Neither Mirae Asset Sharekhan, nor any of the Mutual Funds shall be liable for any failure to perform its obligations, to the extent that such performance has been delayed, hindered or prevented by systems failures, network errors, delay or loss of data due to the above and in circumstances of acts of God, floods, epidemics, quarantine, riot or civil commotion and war.
Mirae Asset Sharekhan shall provide its services on a best effort basis. However Mirae Asset Sharekhan shall not be liable for failure of the system or for any loss, damage or other costs arising in any way out of:
- System failure including failure of ancillary or associated systems, or fluctuation of power, or other environmental conditions; or
- Accident, transportation, neglect, misuse, errors, frauds of the clients or agents or any third party; or
- Any fault in any attachments or associated equipment of the clients; or
- Any incidental, special or consequential damages including without limitation of loss of profit.
For all correspondences with Mirae Asset Sharekhan, the client shall quote his/her/their e-broking account number / Customer ID.
The customer confirm that for all the lump sum and new SIP orders posted after cut-of time on June 30, 2022 he/she/they is/are aware that the funds from his/her/their account will move to the EXCHANGE - CLEARING CORPORATION account maintained by EXCHANGE for this purpose and further will be remitted to the AMC collection accounts by EXCHANGE.

The customer is aware that the status of the order will be shown as Ordered at the time of order placement till the order is reported to EXCHANGE / the respective RTA. Once, the orders are accepted by EXCHANGE / RTA the status of the order will be displayed as Accepted and on receipt of the transaction confirmation feeds from the RTA OR Exchanges the status will be changed to Executed or Rejected as the case may be. The execution of orders takes place as per the cut-off timing and the bank used for making payment. The credit of payment from - eligible direct banks is received by EXCHANGE on the T-day while for other banks it is at T+1 Day. Once the order status is Ordered, Executed or Rejected, the order cannot be cancelled/modified. Different types of order and payment status are mentioned below.

Payment Status	Order Status
In Process	Accepted
Unpaid	Ordered
Unpaid	Cancelled
Paid	Executed
Paid	Ordered
	Rejected

In case any purchase order is rejected by the AMC due to any reason, the amount will be refunded to the customer's registered bank account directly by the AMC
The customer is aware that the mutual fund units will be allotted in the single name of the customer as it appears in his/her/their trading account with Mirae Asset Sharekhan if transaction is done in RTA/ non-demat mode and that the facility of joint holders is available only for the transactions made through demat mode and will be as per the holding pattern of the demat via the online mutual fund portal of Mirae Asset Sharekhan. However, the customer may appoint a nominee or opt out of nomination. The Nominee will be the same for all the mutual fund units he/she is holding under the Customer ID given by Mirae Asset Sharekhan irrespective of the AMC (Mutual Fund Companies).
The nominee's name will be sent to the AMC during the first investment in a mutual fund as per the details provided for mutual fund profile at the time of account opening. For all subsequent changes in Nominee details, I need to submit a duly filled in and signed client master changes form with Mirae Asset Sharekhan, who in turn will forward the same to the respective AMC/RTA for updation in their records.
Any change in nomination, will have the effect on all the schemes applied through Mirae Asset Sharekhan. The customer is aware that he will not be able to nominate different individuals for different mutual fund schemes subscribed through Mirae Asset Sharekhan.
The customer is also aware that his/her/their investment details will be registered with the AMCs/Registrar's as per the customer profile displayed in the website under online mutual fund investment section.
In case any investor (s) is/are desirous of moving their units under the broker code of Sharekhan Ltd. he/she may register with Sharekhan Ltd. on fulfilling the following conditions.
1. The holding is in single name as it appears in the trading account of the customer with Mirae Asset Sharekhan.
2. The Status of the individual should be same. ie, Resident Individual, NRI, HUF etc
3. Signature of the customer and Bank details in online records should be the same.
4. The customer must give AMC wise requests in original for broker code changes.
5. Copy of latest account statement should be provided with the request.
6. The AMC for which the customer had subscribed is/ are available on the online portal of Mirae Asset Sharekhan.
The customer confirms that he/she/they has/have read the disclosures on commissions (including trail commissions) payable to Sharekhan Ltd. for various categories of mutual funds schemes. Click on below link to know more about commission disclosure.
https://www.sharekhan.com/downloads/mutualfunds/Commission_Disclosure.pdf
I/we have gone through the offer document/key information memorandum / SID/SAI and regulatory clauses published by AMC / regulatory authorities before deciding to make this investment in the mutual fund scheme.
Mirae Asset Sharekhan reserves the right to change the terms and conditions without any prior notice.

T&C on Auto-Invest Mandate Page

Only a registered client of Mirae Asset Sharekhan can register for this facility.
The bank account for which the client intends to opt for the E-NACH facility should be among the registered bank accounts of the client as per KYC executed by client, held for the purpose of trading with Mirae Asset Sharekhan.
SIP can be started without NACH only in case of respective bank is not eligible for NACH facility. In case where no NACH is linked to the SIP, client has to directly make payment to EXCHANGE from the payment gateway link received by client from Mirae Asset Sharekhan or Exchanges. The payment modes available will be as per the modes available with EXCHANGE. The allotment of units will be made subject to the receipt of funds by EXCHANGE before the cut-off times as specified by Exchange /Mirae Asset Sharekhan on the website.
The E-NACH registration may take upto 7 or more days after the submission of the E-NACH mandate registration request through www.sharekhan.com depending on the customer bank response. The E-NACH debit facility will be activated only after the E-NACH request is processed by the client's bank. Mirae Asset Sharekhan/affiliates/officers/Directors will not be liable for any transaction failure due to any rejection by the client's bank for registering the E-NACH mandate.
Verification/ authorization/ validation is done by the client's bank and not by Mirae Asset Sharekhan. Any rejections will be at sole discretion of the client's bank. Mirae Asset Sharekhan/affiliates/officers/Directors shall not be liable for any rejections of mandates by the client's bank.
The minimum amount for availing of the E-NACH facility would be Rs 100,000/- per transaction and further there in multiples of Rs. 10,000/- upto a maximum of Rs. 10,00,000/-Investor can register a SIP within limit of or equal to E-NACH mandate value.
The Auto-Invest facility would be available only in respect of the banks participating on the Auto-Invest platform of the Reserve Bank of India (RBI). Auto-Invest mandates, for banks not participating on the Auto-Invest platform of RBI shall be liable to be rejected by Mirae Asset Sharekhan. Mirae Asset Sharekhan will not be liable for any transaction failure due to such rejection. The list of banks available for the Auto-Invest transaction is available on the website www.sharekhan.com.
It shall be the responsibility of the client to ensure availability of funds in the client's bank account and the funds would be automatically debited /deducted from the client's bank account by the exchange one working day in advance of the SIP due date. Mirae Asset Sharekhan/affiliates/officers/Directors shall not be responsible for any charges levied by banks for rejection due to insufficient funds or any other reason.
The client agrees to abide by the applicable rules, regulations as prescribed by the Reserve Bank of India w.r.t. Auto-Invest. For all the mandates registered in favour of Mirae Asset Sharekhan prior to March 31, 2022 by the customers, the amount will be directly credited to EXCHANGE using the credit to facility provided by EXCHANGE in arrangement with the sponsor bank and payment aggregator. With respect to these mandates the ACH debit to the customer account will take place two days prior to the SIP date.
The client agrees to abide by the applicable rules, regulations as prescribed by the Reserve Bank of India w.r.t. E-NACH.
The client will not hold Mirae Asset Sharekhan, its affiliates or its officers or its Directors or any service providers responsible for any non-execution or delay in execution of any transaction in the client's bank or for the transaction executed in advance before the specified E-NACH date due to various reasons not in control of Mirae Asset Sharekhan. The client assumes the entire risk of using the E-NACH facility and takes full responsibility for the same.
If the client wants to cancel an existing mandate, client can do so by placing a request on Mirae Asset Sharekhan's website/mobile App. or get in touch with the bank and do the needful as per the bank's procedure.
All the transactions will be routed through EXCHANGE Star MF Platform for both RTA (Non-Demat) and Demat modes.
Client's banks might charge them for creation and/or cancellation of E-NACH mandate. Mirae Asset Sharekhan/affiliates/officers/Directors shall not be responsible for any charges levied by banks.
Exchange reserves the right to terminate the E-NACH mandate in case of suspension of E-NACH facility for the said bank or in case a debit through E-NACH being rejected by the client's bank for any reason whatsoever.
Any tax implication arising out of any transactions entered into pursuant to these terms and conditions would be as per the provisions of Income Tax Act, 1961, or any modification or re-enactment thereof.
Mirae Asset Sharekhan reserves the right to change the terms and conditions as may be required from time to time in order to comply with prevailing regulations.