The Invest Online Facility is a facility being offered by Birla Sun Life Asset Management Company Limited (BSLAMC), which serves as the investment Manager for the schemes of Birla Sun Life Mutual Fund (BSLMF). This Invest Online Facility (the “Facility”), described in more detail here under, permits certain existing and eligible investors to carry out online purchase/subscription of units of schemes of BSLMF for which payment may be made by NetBanking or any other mode as may be made available by BSLAMC from time to time, subject to such bank charges, as may be applicable, to be borne by the investor/user of the facility.
The units of any Scheme of BSLMF, purchased through the Facility, shall be subject to and governed by the provisions of the Scheme Information Document (“SID”) and the Statement of Additional Information (“SAI”) read with the relevant addendum/addenda issued thereunder. The User is advised to read all the terms and conditions governing the facility (“Terms and Conditions”), as well as the applicable provisions of the SID and SAI.
The following are the terms and conditions that govern the usage of the Facility and BSLAMC/BSLMF shall have the discretion to cancel/annul/abrogate any transaction found to be in violation of any terms and conditions described hereunder in any manner found suitable at the discretion of BSLAMC/BSLMF.
These Terms and Conditions shall be binding on the Existing investors who purchases/subscribes or intends to purchase / subscribe to the units of the scheme using the Facility (hereinafter referred to as ‘User’). In the case of any conflict in the Terms and Conditions, and any provision(s) of the SID and/or SAI, the provisions of SID/SAI shall prevail.
This Facility is available only for additional purchases / subscriptions. For other services such as switch-ins, switch-outs, redemptions etc. as available under the scheme, the User would be required to use other means as specified in SID & SAI. The User agrees to hold BSLAMC completely harmless from any purchase/subscription made without ascertaining the exact provisions governing the Facility or any particular mutual fund scheme.
User should note that if the User is an individual who has not attained the age of majority as per the applicable laws, such User not permitted to undertake any transaction using the Facility, and BSLAMC shall not be liable in any way for any act by the User in contravention of the above stated requirements. Further, BSLAMC reserves the right to restrict any User from accessing the Facility without assigning reasons therefore.
The User is requested to carefully fill and check the information furnished. The responsibility to ensure the correctness of information rests solely with the user. BSLMF/BSLAMC shall not accept any liability that may arise as a consequence of the erroneous information provided by the User.
The units subscribed / purchased by the investor through the facility cannot be amended/reversed/cancelled by the User. For the purposes and meaning of this paragraph, redemption, in normal course, of any units allotted in furtherance of a successful transaction through the Facility, shall not be considered as an amendment/reversal/cancellation.
BSLAMC will take reasonable efforts to keep its website updated so as to provide most current information to the user. The User acknowledges that BSLAMC expressly disclaims liability for errors or omissions in the information on the website. The User also recognizes that because of communication and other issues, it is possible that the site may not be operating / working on many occasions. The User also agrees that the look and feel of the Web screen and outputs there from may differ based on the nature of the software used by the User to browse the site. The User agrees not only to the terms and conditions herein contained but also the disclaimer and other matters, as may be displayed / posted on the site.
The User shall not use the online services on a PC or other Internet access device which belongs to any other person or which is provided to the User by his/her employer without such person’s or, as the case may be, his/her employer’s previous written permission. BSLAMC will not be responsible for any harm or loss caused to any person as a result of the User not complying with this condition. The User indemnifies and agrees to keep BSLAMC at all times saved, defended, harmless and indemnified from and against any and all loss, costs, outgoings, expenses, claims, damages or consequences whatsoever that BSLAMC may suffer as a result of the User using any PC or Internet device without the permission of the owner there of and he/she shall be bound to compensate. BSLAMC shall not be liable for the non-suitability there of or if any other data or software contained in such PC or Internet access device through which the online services are accessed by the User is damaged or lost in any manner whatsoever.
The User is aware of all security risks including possible third party interception of his/her account and the content of his/her account becoming known to third parties. The User accepts that the use of online services is not a secure method of viewing, accepting and transmitting information and that it involves security hazards and the risk of any loss of information or obtaining of information by any third party will be to his/her account and BSLAMC shall, in no way, be held responsible for the same and this shall not be considered as a breach of its or its constituent company - user confidentiality.
The User is aware and agrees that all the transactions carried out in respect of User's/Investor’s Scheme account/Folio shall be governed by rules and regulations applicable and in force from time to time. The User/Investor shall be fully liable to BSLAMC for every transaction entered into using the Facility, whether with or without the knowledge of the User and consequences there of.
The User agrees that the use and storage of any information including without limitation, the PAN details, Folio number, account information, transaction activity, account balances and any other information available on the user’s personal computer is at his/her own risk and is his/her sole responsibility.
The User shall not interfere with, alter, amend, tamper with or misuse in any manner whatsoever the Online Services and in the event of any damage due to improper or fraudulent use by the user, he / she shall be liable in damages to BSLAMC.
In case of any discrepancy in the details of any transaction carried out in respect of the User's scheme Account/Folio, the User shall be obliged to intimate BSLAMC there of in writing within 10 (ten) days of receipt of the Statement of Account, failing which the statement will be deemed to be correct and accepted by the User.
BSLAMC is authorized to provide any information or details relating to the User or his/her account to any third person so far as is necessary to give effect to any instructions or provision of services to the User or to comply with any order of Court or of any competent/ statutory authority or as is required under applicable law.
The User hereby acknowledges that he/she is utilizing the Facility at his/her own risk. These risks would, among others, include the following:
a) Internet Frauds: The Internet per se is susceptible to a number of frauds, misuse, hacking and other actions, which could affect the Instructions to BSLAMC. Whilst BSLAMC shall aim to provide security to prevent the same, there cannot be any guarantee from such Internet frauds, hacking and other actions, which could affect Instructions to BSLAMC. The user shall separately evaluate all risks arising out of the same.
b) The technology for enabling the services offered by BSLAMC could be affected by virus or other malicious, destructive or corrupting code, program or macro. This could result in delays in the processing of Instructions or failure in the processing of instructions and other such failures and inabilities. The User understands that BSLAMC disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by BSLAMC to honor any user instruction for whatsoever reason. The User understands and accepts that BSLAMC shall not be responsible for any of the aforesaid risks. The User also accepts that BSLAMC shall disclaim all liability in respect of the said risks.
The User agrees that at present the Facility is a privilege service offered to the Users without any charge. However, BSLAMC may levy any service charges as applicable from time to time in consideration for the services provided herein.
In consideration of BSLAMC providing the user with the online services, user agrees to indemnify and keep safe, harmless and indemnified BSLAMC, its constituent companies, their officers, employees, successors and assigns from and against all actions, claims, demands, proceedings, loss, damages, costs, charges and expenses whatsoever which BSLAMC or its constituent companies may at any time incur, sustain, suffer or be put to as a consequence of or arising out of the user's use of the said online services.
BSLMF / BSLAMC is providing this Facility to the existing investors on a best effort basis. However BSLMF / BSLAMC shall not be liable to the investor for any loss, damage or other costs arising in any way out of:
a) Any force majeure circumstances beyond its reasonable control including but not limiting to any network errors, delay or loss of data, acts of God, floods, epidemics, quarantine, riot or civil commotion and war or such like circumstances.
b) System failure including failure of associated systems, or fluctuation of power; or
c) Neglect, misuse, errors, frauds of the investors or agents or any third party or due to any other eventualities;
d) Any fault in any attachments or associated equipment of the investors;
e) Any incidental, special or consequential damages including but without limitation, loss of profit.
The User further agrees that BSLMF / BSLAMC or its constituents affiliated with this arrangement, Directors and employees shall not be responsible / liable for any loss that may arise as a result of any system failure of the concerned bank through which the investor has availed this facility, or any of the reasons mentioned above. Further, In case of non-receipt of payment from the User by BSLAMC, the User agrees that such non-receipt of payment would fall under the services of the bank through which the electronic fund transfer was attempted to be carried out, and the User therefore agrees to hold BSLMF/BSLAMC or its constituents harmless in such a situation for any loss (real or notional), that might have occurred as a result of non-allotment of units of any BSLMF scheme sought.
For all correspondences with BSLMF / BSLAMC, the User may quote the auto generated transaction number unique to every purchase/subscription request under the Facility.
The User is required to use the Facility for legitimate and lawful purchases only, and in accordance with the applicable legal provisions. The User shall not use the Facility to make any speculative, false, or fraudulent purchases.
The User must not use the Facility for any activity which breaches any law or regulation or in a way which interferes with its availability for other users.
User is required to note that investment in the Scheme using online payment mode is through direct debit to the bank account of the investor maintained with any of the banks listed on the Website only. BSLAMC reserves the right to remove or add any bank from the list at any time without giving any notice therefore.
User understands that he is responsible for all the claims / liabilities / obligations arising out of the use of this Facility by himself with or without using his login information. The investor is required to supervise all usage of the Facility under his name or Scheme account / Investor Folio.
The User understands that BSLAMC may, at its absolute discretion, alter, suspend or terminate any of the services under Facility completely or partially without any notice to the User/Unit holder and without assigning any reasons there of. BSLAMC reserves the right to change these terms and conditions or withdraw this Facility at any time, without any notice or liability or any prior approval of the User concerned. The User is required to read the terms and conditions regularly. Usage of Online Facility by the investor shall be deemed as an acceptance of the investor to these terms and conditions including changes therein from time to time.
BSLMF / BSLAMC retains all rights (including copyright, brand name, logo and intellectual property rights) with respect to all software and underlying information and material available through the Facility. The User is prohibited from downloading or otherwise exporting or re-exporting or using any software or underlying information or material available through the Website (in part or in whole) except with the written permission of BSLAMC and in full compliance with all applicable laws and regulations, save and except such downloading / usage which occurs in the course of using the Facility.
The Courts in Mumbai alone shall have jurisdiction over all disputes arising out of or in respect of this arrangement.
BSLMF / BSLAMC shall not be liable for any direct, indirect, incidental, special or consequential damages arising out of or in any way connected with the use of this website or due to the delay or inability to use this website, or for any information, products, and services obtained through this website, or otherwise arising out of the use of this website.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, BSLAMC DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES AND REPRESENTATIONS.
FURTHER, BSLAMC DOES NOT UNDERTAKE ANY LIABILITY WHATSOEVER IN CONTRACT OR TORT (INCLUDING LIABILITY FOR NEGLIGENCE) OR OTHERWISE, TOWARDS AND / OR FOR THE ACTS OR OMISSIONS OF ANY THIRD PARTY EQUIPMENT AND SERVICE PROVIDERS OR FOR FAULTS OR FAILURES OF SUCH THIRD PARTY PROVIDER’S, EQUIPMENT AND/OR SERVICES.