Terms & Conditions

This agreement sets forth the terms and conditions which need to be followed by the user of the website www.mysiponline.com(hereinafter referred to as MySIPonline) which is owned and managed by Cognus Technology. MySIPonline is an online mutual fund investment platform, provided by M/s Cognus Technology, which is registered with AMFI under ARN 106881. By creating an account and using the website, the users agree to the terms and conditions determined under this agreement of use.

While creating an account on the website/Mobile App, it is required for the users to consider all the terms of use, legal disclaimer and privacy policy. You are required to read the terms and conditions properly because your acceptance of terms and conditions embodies several constituents under the agreement that is formulated between you and the company (MySIPonline).

We request you to read these terms and conditions carefully. Your acceptance of terms contained herein constitutes the agreement between you and MySIPonline as defined hereunder.

  • For the purpose of investing in mutual funds, you must be at least 18-year-old and must have legal rights to contract in relation to investment in the market-driven products like Mutual Funds.
  • You must use the website for investing in mutual funds by opting any of the modes out of lump sum and SIP.
  • In no case, MySIPonline takes the responsibility of aggregating the information regarding your investments made at other investment platforms.
  • You must understand that you need to furnish absolutely correct details at the time of registration. Providing incorrect information is likely to sabotage your online SIP investments, as your transactions will not be processed.
  • As per SEBI guidelines Next day NAV will be applicable on all the online transaction made after 1 pm.
  • MySIPonline holds the right to cancel the registration if the information provided by the users is found to be incomplete, exaggerated or hidden in any aspect.
  • MySIPonline reserves the right to make changes in the defined terms at any time as per the requirement. If you use the website/Mobile App and services continuously, that means you have agreed to adhere to the modifications made in the terms and conditions from time to time.
  • MySIPonline also proposes to offer additional services subject to specific terms; however, the services can only be activated to your account after taking your prior consent.
  • MySIPonline makes use of information, tools, articles, alerts, videos, information, advice, calculators, analysis reports, data, contents, news, prices, views, statistics, comments, feedback, advertisement, features and functionality and other services on the Website, are hereinafter jointly referred to as “the Services,” and individually as “Service”.

TERMS OF USE

  • The agreement specified describes the terms essential for the usage of services which are being provided to you on the website/Mobile App. Your acceptance will be considered as valid only when you click on “I agree to the Terms & Conditions” displayed. However, you also need to read all the necessary information while accepting the T&C.
  • If you use the services regularly, then it is believed that you have accepted all the terms that are modified into the agreement. You would also be bounded by the agreement until it is terminated as per the defined provisions. Moreover, if you choose “not to accept these terms”, then you are not authorised to use the defined services. In addition to this, MySIPonline also has the option in which the company can reject your registration to the subsequent website without stating any reasons for the same. MySIPonline possesses the legal authority to make changes in the terms & conditions whenever it finds appropriate.
  • Any error or inaccuracy or ambiguity require changes in the existing processes, and as a result, MySIPonline holds the right to update the changes on the website/Mobile App and to notify the customers accordingly. After executing the services, if you continue using the services then you will be bound by the terms and conditions which are provided in the agreement. However, disagreeing the terms and conditions will discontinue the use of your services as well.

Terms of Account Registration and Maintenance

Your account shall be activated after successfully registering to the services. It is your duty to maintain secrecy about your password and account details; therefore you have to agree that you are solely accountable for your account transactions. The provided password and Login ID will allow you to access the services. Along with the Login ID and password, you also need to give your mobile number or other contact information so that you can fill the “Registration Information” section.

‘MySIPonline’ is not responsible for any authorised access made due to actions such as, sharing of the password, careless use of the account, and using website/Mobile App in public and shared servers by the user.

Moreover, you are required to agree to the fact that you will not make any unlawful attempt of using the website/Mobile App or any other services by misrepresenting your identity.

ALERTS/ ONLINE INFORMATION

MySIPonline may provide account related information via automatic alerts to you on a regular basis. There are various sorts of alerts that are sent automatically to the account holders as a part of service provision. You are allowed to deactivate and customise the alerts as per your choice and preferences. MySIPonline also keeps updating the users through new alerts which are visible on our website for limited time period. MySIPonline reserves the right at its own discretion to cease the alerts whenever it finds suitable. While activating the alerts, you are provided with different options from which you can select the appropriate one as per your preference.

The updated alerts will be provided to you through electronic modes on your emails and the mobile number provided while registering to MySIPonline. In the case when you change your mobile number or email address, then after you will receive alerts from the company of such changed address. By providing the contact details, you agree to receive the alerts and calls and updates on the same. You further allow the company to share your information with third parties for the purpose of transacting smoothly.

Sending short messaging service alerts are subject to TRAI regulations and also to telecom service providers and hence, MySIPonline will not be held accountable in case of any delay in messages and mobile alerts.

Some of the alerts sent to your email address and mobile number may not be in an encrypted format and whoever has the access to your mobile and email ID can attain the confidential information easily. Thus, by providing the contact details, you agree to receive them in their original format. MySIPonline shall not be held liable in case of any unauthorised access to your account and the confidential information provided therein.

MySIPonline agrees to deliver timely and accurate alerts to the services; however, you are also required to comprehend that there might be some factors that may lead to the delay of such alerts. You have to agree that MySIPonline will not be held liable in the case if it fails to deliver alerts on time. The company shall not be entitled to the delay, errors and other misdirected content which is sent in the alerts. The companies are required to deliver alert messages to the customers because they are subject to do so under the local laws and guidelines. The laws enforce the companies to provide alerts from time to time, and you have to abide by all the laws as notified by the government authorities.

PRIVACY AND YOUR PERSONAL INFORMATION

Registration Information and any other information which you provide to MySIPonline under the agreement should be governed by MySIPonline’s data protection according to the Private Policy which is available on the website/Mobile App.

The Privacy Policy is formulated so that you may identify how MySIPonline get access to your personal information when you use the website/Mobile App and its services. You have to agree and give authority to MySIPonline to disclose your information with other group companies, associate companies, third-party service providers for joint marketing purposes.

The company (MySIPonline) is solely responsible for updating the Privacy Policy from time to time as per the legal framework. Changes are required to be revised in Privacy Policy on the official website/Mobile App.

MySIPonline can also transfer sensitive as well as personal data to any other Indian or overseas body if the company finds it necessary for the provision of the services and at the same time, you are also required to provide consent for the same while transmission.

Third-Party Sites

With the use of the Services, you hereby authorise MySIPonline and its third-party service partners to approach the websites of third parties which are selected by you. It is specifically applicable while linking your account with the website on behalf of you. Thus, it is required to have registration and modification of the connected accounts which are requested by you. MySIPonline will participate as your agent and have a power of professional holder in respect of this limited purpose. The website is not capable to perform any transaction or render notices or instructions that affect your linked accounts, Transactions and inquiries that are started by you on the linked accounts but not made with a use of the website, such as Bank transactions, Merchants and third-party sites transactions or inquiry.

In this regard, MySIPonline assumes to have no accountability. Any fees that are charged by banks, merchants and third parties in the context of such transactions and linked accounts will be payable at your end. This means you agree to accept the terms and conditions of such accounts to use their services.

You must accept and realise that the linked accounts, services and information of group and associate organisations are not endorsed by MySIPonline in any manner. Even if it is supposed to be understood as MySIPonline support, you agree and understand that you can avail the services and choose information of any other service provider for undertaking any transaction or for any other investment related matter. The services and offerings will lie according to terms and conditions which are agreed with you and the service provider.

(WWW.MYSIPONLINE.COM) INVESTMENT ACCOUNT FACILITY

As an active or registered user of www.mysiponline.com, if you utilise the services of online mutual fund transactions using the Investment Account facility, you must accept the terms and conditions of www.mysiponline.com. Investment Account facility which is individually accessible on the website and all the transactions which take place are subject to such terms and conditions.

TERMS OF ACCOUNT SECURITY

As a service provider, we make sure that we do not use any of the passwords of bank account for illegal purpose which you have given to us for account information. We make sure that the password and user name are used only for authorized purposes. We have also stored the access details in secure servers at the website so that information can be used for appropriate purposes only. The security aspects are determined as per the banks and different merchants. The account holders are required to sign in into www.mysiponline.com so that to access Account Aggregator Service. This could also assist the user to automatically sign into the account for information accessibility.

You are also required to represent yourself as a legal entity for managing wide range of operations of your concerned accounts at third party websites. There you have the authority to disseminate the authorities to third party, to your agent and to other person who have the power of accessibility. You need to provide password, user name and other relevant information so that to access Account Aggregator Services. Information which you have provided to MySIPonline will be used for different aspects without going for verification; however at that time, MySIPonline shall not be held entitled for any sort of wrong and inaccurate information concerned with the Linked Accounts.

Terms of Information Use

MySIPonline basically reserves all the rights wherein they can use accessed information provided by you for the purpose of delivering better services, for providing appropriate information and also for sending alerts to you from time to time.

Data collected under Account Aggregator Service will be used only for valuable purposes not for trade and other transactional purposes. Hence, it is intended to use only for valuable purposes. However, if you need to make transactions and trade processes, you will be directed towards third party website and in which you have to abide by all the terms and conditions of the respective third party websites.

You are also required to agree that MySIPonline is not liable for any sort of error, inaccuracies and delays of contents because the company has taken the data on reliance aspect. Identified banks and Merchants have provided several links through which you can access different services through the defined websites. The website gives you varied links regarded with identified Banks and Merchants chiefly for your convenience. MySIPonline does not recommend the services of other banks since you solely are responsible to select the bank as per your choice of services.

MySIPonline at the same time cannot be held liable for any damage or costs coming out of it, especially when the services are concerned with the use of Account Aggregator Services of the bank and any other merchants. A situation may also arise at the time where the use of Account Aggregator Services may turn into withdrawal and cancellation of your account due to varied reasons. In that case, you are required to give your consent that you will not make the company responsible for cancellation and discontinuation of your account regarding any of the damage and losses. You are also required to add information into the websites for those accounts that are not available on other websites or that are not accessible under online services. Only, you as a user and information provider, are held responsible for the accuracy of the information.

THIRD PARTY SITES

With the use of the Services, you hereby authorize MySIPonline and its third party service partners to approach the websites of third parties which are selected by you. It is specifically applicable while linking your account with the website on behalf of you. Thus, it is to have registration and modify the connected accounts which are requested by you. MySIPonline will participate as your agent and have a power of professional holder in respect of this limited purpose. The website is not capable to perform any transaction or render notices or instructions that affect your linked accounts, Transactions and inquiries that are started by you on the linked accounts but not made with a use of the website. Such as Bank transactions, Merchants and third party sites transactions or inquiry. In this regard the MySIPonline assumes to have no accountability. Any fees that are charges by banks, merchants and third parties in context of such transactions and linked accounts will have your accountability. This means you are agreed to accept the terms and conditions of such accounts while having use of services.

You must accept and realize that the linked accounts, services and information of group and associate organization are not endorsed by MySIPonline in any manner. Even if it is supposed to be understood as MySIPonline support, you agree and understand that you can choose and avail the services and information of any other service provider, including for undertaking any transaction or for any other investment related matter. The services and offerings will lie according to terms and conditions which are agreed among you and the service provider.

(WWW.MYSIPONLINE.COM) INVESTMENT ACCOUNT FACILITY

As an active or registered user of www.mysiponline.com , if you utilize the services regarding online mutual fund transactions with focus on www.mysiponline.com Investment Account facility, you need to accept the terms and conditions of www.mysiponline.com Investment Account facility which is individually accessible on the website. All the transactions that take place is subject to such terms and conditions.

DEACTIVATION OF SERVICE(S) AND TERMINATION OF AGREEMENT

You are free to deactivate the Service(s) solely on your discretion after considering rules prescribed by MySIPonline which are subject to change from time to time. The deactivation request(s) will be clarified, and you will receive a dismissal notification for MySIPonline for your future references and credits.

MySIPonline secures the right to end the agreement with you by providing an immediate notification in the following cases where:

  • You have broken any rule or regulation of this agreement (or actions that clearly indicates that you have not adhered to the provisions or not followed this Agreement).
  • If you have been identified as a participant to upload any offensive substance.
  • While registering to our website/Mobile App, if you provide false or incorrect information in the registration form.

INTELLECTUAL PROPERTY RIGHTS

The website/Mobile App contents include the “look and feel” in the form of text, graphics and images, logos and button icons, photographs and editorial content and notices. It also includes Software, HTML-based computer programs and other material that are purchased/licensed by/to MySIPonline and/or its third-party service providers/their licensors.

MySIPonline, third-party service providers and its licensors hold the authority of the contents and other data on the website/Mobile App and are copyright, trademark and legal holder of the same. By agreeing to terms and conditions, you admit and accept that MySIPonline and its licensors or providers have all rights to this website/Mobile App; the content, any intellectual or proprietary property and technology exhibited on the site accessible to you will be part of services.

You are being permitted to use any of the preceding information which is explicitly licensed under these conditions and the service agreement. You are allowed to print or download a copy of your personal information available on the website/Mobile App for any internal, personal and non-commercial use. Any action like copy, re-print, re-create, distribute or creation of derived work will not be allowed in respect of any content available on the website/Mobile whose rights are held by MySIPonline. For doing so, you are required to take a prior written permission from MySIPonline whether these actions are performed entirely, partially or for any other purpose. Moreover, you accept not to oppose engineer or compilation of any technicalities which are related to the services including software utilisation or a Java application that is connected with the services, and content provided on the website.

DISCLAIMER OF WARRANTIES

You explicitly understand and accept that the use and access of all the services, any data, merchandises and other content (including third parties) related to the services are at your risk. The services are provided on an "as-is" and "as-available" basis.

MySIPonline and its service suppliers are not responsible nor provide any warranty in regard to the services, information, merchandises and other content (including the third parties) that have a connection with services or access.

MySIPonline and its third-party service suppliers are not accountable for authentication or dependability of any information that is provided by any third-party with a motive to generate gaps in the accessibility of any services, even if the outcome of acts are by MySIPonline or its third-party service providers. MySIPonline does not present any warranties or guarantees regarding the authentication, dependability or integrity of the content provided on the website/Mobile App or in the context of the services (whether it is supported by third-party service providers or not). MySIPonline explicitly denies any warranty for non-infringement or suitability for a specific intention. MySIPonline does not present any warranty or guaranty for the content accessible through the services, that it will not harm the system due to viruses, code and computer programming routines.

Classification of your transactional data related to the services is clearly supplied for your knowledge only. MySIPonline does not assume any warranty regarding its accurate use whether it includes limitation and tax deduction. MySIPonline and its all service suppliers do not present any warranty that the services will accomplish your needs.

MySIPonline further provides no warranty or guaranty on other services and parameters presented below:

  • The services will not get interrupted and will appear on time without any errors.
  • The outcomes obtained by availing the services are accurate and can be considered for dependency.
  • The quality of any product, service, data, and substance acquired by you will accomplish your prospects or expectations.
  • Any errors will get automatically rectified in the context of the technology.
  • If any harm is caused to your computer system or any of your information due the material downloaded from the website/Mobile App ever, then MySIPonline shall not be held responsible, and it will be at your sole discretion. Any advice and information attained by you from MySIPonline and its service providers, whether in oral or written will bear no warranty or guarantee of expected results as per the stated terms.

LIMITATION OF LIABILITY

You agree that MySIPonline and its associates, subsidiaries, licensors, service providers, account suppliers and any other related third-party will not have any liability for any damages caused whether direct, indirect, incidental, particular, consequential or of any other typical nature. These damages also include the reduction in profits, opportunity, goodwill, usage, information or any other intangible damage, even if MySIPonline has been informed about the existence of such damages that take place due to:

  • The usage or the unfitness to access the services.
  • The expenditure of acquiring secondary goods and services that take place because of any merchandises, data, substance, services acquisitions, messages accepted, and transactions get into/through/from MySIPonline.
  • Unlicensed approach to modification of your transmissions or information.
  • Any argument or activity related to services.
  • An unauthentic usage or unfitness to access performance or non-performance of any third-party account provider’s site. Even, if the supplier has previously acknowledged the existence of such damages.
  • Any other substance related to the services.

MySIPonline and any of its associates, managers, officers and workers will not have any liability or accountability regarding any sort of loss or damage whether it is direct or indirect due to the outcome of any occurrence or interruption of this website/Mobile App. It also includes outcomes due to act or mistake of any other party that participates in the creation of the website/Mobile App or relates to information hosted and accessible to you. MySIPonline will not be liable for any event which is caused due to direct, particular, indirect, eventful, and secondary and any other damages.

RULES FOR POSTING

Being a part of MySIPonline services the company will allow you to host content on various publicly accessible locations on the website/Mobile App such as bulletin boards, blogs, etc. These installations can be introduced by MySIPonline or by any of its third-party service suppliers on behalf of MySIPonline. During the participation in any content posting process, you accept to proceed as per the specific rules. Some of them are classified below:

  • You will be accountable for all content that is presented by you on the Website/Mobile App.
  • While submitting content to us, you agree that you hold all essential rights and you are permitting MySIPonline to use, recreate, distribute, setup derived works, modification, and display of all or any content portion that relates to the website/Mobile App. It also includes some factors like the worldwide, non-exclusive, royalty-free, sub-licensee and transferable license to MySIPonline. It also states that MySIPonline can promote and redistribute all the content and its part (derived works) in any media appearance or by using any media transmission.
  • You also allow other service users by non-exclusive permit to approach to content which is placed by you on the Website/Mobile App and they can use, reproduce, distribute, set up derived works, show and perform actions regarding content through the operations of the website/App. It will have consideration of this agreement.