Terms and Conditions

Terms & Conditions

This is applicable during the office hours to Sole holder Resident Indian accounts which are KRA verified, also account would be open after all procedures relating to IPV and client due diligence is completed. | *Account opening charges are NIL. There is no AMC charged on Demat account for the first year. All other charges will apply as per agreed tariff rates.

Disclaimer

This document has been prepared by Devashish Securities Private limited (Devashish Securities Private limited) and is meant for sole use by the recipient and not for circulation. The information contained herein is intended for general information purposes only. The information published should not be used as a substitute for any form of investment advertisement, investment advice or investment information. The information herein has not been prepared taking into account specific investment objectives, financial situations and needs of any particular investor, and therefore may not be suitable for you. You should verify all scheme related information before relying on it. Further, the selection of the Mutual Funds for the purpose of including in the indicative portfolio does not in any way constitute any recommendation by Devashish Securities Private limited with respect to the prospects or performance of these Mutual Funds. We recommend investors to seek advice from professional financial advisors. Devashish Securities Private limited are only distributors of Mutual Funds

• Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the objectives of any of the schemes of the Fund will be achieved. Please read the Offer Document carefully in its entirety prior to making an investment decision
• The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk.
• Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. Devashish Securities Private limited shall not responsible or liable for any loss or shortfall incurred by the investors. There may be other / better alternatives to the investment avenues recommended by Devashish Securities Private limited.
• Investors are not being offered any guaranteed or assured rate of return through this document.

Devashish Securities Private limited and/or its associates receive commission for distribution of Mutual Funds from various Asset Management Companies (AMCs) and the details of the commission rates earned from various Mutual Fund houses is available on our website. Devashish Securities Private limited or its associates may have received commission from AMCs whose funds are mentioned in the report during the period preceding twelve months from the date of this report for distribution of Mutual Funds. Devashish Securities Private limited also provides stock broking services to institutional clients including AMCs and hence may have received brokerage for security transactions done by any of the above AMCs during the period preceding twelve months from the date of this communication. As per the Equity Linked Savings Scheme, 2005, investments made under the scheme qualify for tax benefits under Section 80C of Income Tax Act, 1961, and shall be locked-in for a period of 3 years from the date of allotment of units.

Mutual Funds are not Exchange traded products and all disputes with respect to the distribution activity would not have access to Exchange investor redressal forum or Arbitration Mechanism.