icici pru terms & conditions

ICICI Pru Terms & Conditions
  • I/We have read, understood and hereby agree to abide by the contents of the Scheme Information Document(s)(SID)/Key Information Memorandum(s) (KIM) & Statement of Additional Information(s)(SAI), Addenda of the Scheme(s) issued from time to time and available on the website of ICICI Prudential Mutual Fund.
  • I/We apply for the units of the Scheme(s) of ICICI Prudential Mutual Fund and agree to abide by the terms, conditions, rules and regulations of the Scheme(s) and other statutory requirements of SEBI, AMFI, Prevention of Money Laundering Act, 2002 and such other regulations as may be applicable from time to time.
  • I/We confirm to have understood the investment objectives, investment pattern, and risk factors applicable to Plans/Options under the Scheme(s).
  • I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
  • I/We hereby confirm, acknowledge and undertake to make payments for the transactions from their respective bank account(s) only in compliance with applicable provisions relating to restriction on third party payments as detailed in the SID / SAI and further agree that the payment will be through legitimate sources only. I/We agree and understand that if the source of funds is found to be illegitimate, ICICI Prudential Asset Management Co. Ltd. (the AMC) shall have the right to reject the transaction without any other or further liability and also has the right to report such transaction to the relevant authorities.
  • I/We agree that in case my/our investment in the Scheme is equal to or more than 25% of the corpus of the plan, then the AMC has full right to refund the excess to me/us to bring my/our investment below 25%.
  • I/We hereby declare that I/we do not have any existing Micro SIPs which together with the current application will result in a total investments exceeding Rs.50,000 in a year.
  • I/We hereby confirm that I/we have not been offered/communicated any indicative portfolio and/or any indicative yield for this investment.
  • The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
  • I/We hereby confirm that I/We have read and understood the SEBI Circulars on uniform cut-off timings for applicability of NAV. Applicable NAV for the transactions will be dependent upon the time of receipt of the transaction as recorded on the AMC’s server. I/We will not hold the AMC liable for any delay in crediting the scheme collection accounts by the AMC's service provider/PayTM resulting in consequent pricing of units.
  • I/We hereby confirm that in case there is any change in my/our KYC information, I will update the same by using the prescribed ‘KYC change request form’ available on our website www.icicipruamc.com under download section and submit the same.
  • Transaction Charges: In accordance with the SEBI Circular No. IMD/DF/13/2011 dated August 22, 2011, the AMC shall deduct a Transaction Charge on purchase/subscription of Rs.10,000/-and above, wherein such purchase/subscription is through distributors/agents who have "opted in" to receive the transaction charge. Units will be issued against the balance amount invested. Transaction charge may be charged in the following manner:
    • The existing investors may be charged Rs.100/- as transaction charge per subscription of Rs.10,000/- and above;
    • A first time investor may be charged Rs.150/- as transaction charge per subscription of Rs.10,000/- and above.
    • There shall be no transaction charge on subscription below Rs. 10,000/- and on transactions other than purchases/ subscriptions relating to new inflows. In case of investment through Systematic Investment Plan (SIP), transaction charges shall be deducted only if the total commitment through SIP amounts to Rs. 10,000/- and above. The transaction charges in such cases shall be deducted in 4 equal installments.
    • Investors may note that distributors can opt to receive transaction charges based on ‘type of the Scheme’. Accordingly, the transaction charges would be deducted from the subscription amounts, as applicable.
    • The aforesaid transaction charge shall be deducted by the Asset Management Company from the subscription amount and paid to the distributor, as the case may be and the balance amount shall be invested in the relevant scheme opted by the investor.
    • However, upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by such distributor.
    • Transaction Charges shall not be deducted if:
      • Purchase/Subscription made directly with the fund through any mode (i.e. not through any distributor/agent).
      • Purchase/ subscription made through stock Exchange, irrespective of investment amount. CAS/ Statement of account shall state the net investment (i.e. gross subscription less transaction charge) and the number of units allotted against the net investment.
  • The AMC reserve the right to discontinue/modify/alter/temporary suspend subscription from the platform without any prior notice or without assigning any reasons thereof on a prospective basis subject to compliance with the prevailing SEBI guidelines and regulations.
  • The technology could be affected by virus or other malicious, destructive or corrupting code, programme or macro or any other reasons not attributable to the AMC. This could result in delays in the processing of instructions or failure in processing of instructions and other such failures and inability. The AMC disclaims all or any liability, whether direct or indirect, arising out of any failure or inability of the AMC to honor any instruction for whatsoever reason.
  • The Fund, the AMC, its Registrar and Transfer Agents, and its Banks and other service providers shall not be liable for, nor be in default by reason of, any failure or delay in completion of its obligation under this platform where such failure or delay is caused, in whole or in part, by any acts of God, civil war, civil commotion, riots, strike, mutiny, revolution, fire, flood, fog, war, lightening, earthquake, change of Government/Regulator’s policies, unavailability of telecommunication systems, unavailability of the bank's computer system, force majeure events, or any other cause of peril which is beyond their reasonable control and which has the effect of preventing the performance of contract by them.
  • I/We understand that this platform offered is merely a transactional platform and that the AMC/RTA will not be liable for (a) acting in good faith on any instructions received from the unit holder (b) error, default, delay or inability of the AMC/RTA to act on all or any of the instruction.
  • I/We shall always abide by the terms and conditions stated here while using this platform and hereby undertake not to misuse the same and in the event of any damage, shall indemnify the AMC for any loss arising therefrom.
  • I/We hereby agree to bear the charges, if and when stipulated by the AMC/PayTM from time to time for using this platform.
  • I/We hereby agree that the AMC may disclose in strict confidence to other institutions/third parties their personal information as may be reasonably necessary for reasons inclusive of but not limited to the following:
    • In compliance with legal/regulatory requirement
    • For fraud prevention purposes
    • Statutory reporting
    • For processing/giving effect to any electronic instructions or for such administrative or other purposes.
  • I/We hereby confirm that I/We am/are not persons resident in the United States of America (USA), or corporations, or partnerships or any other entity created or organised in or under the laws of USA or any person/entity falling within the definition of the term 'US Person' under the US Securities Act of 1933, (as amended) and persons of Canada. I/We hereby confirm that I/We am/are not giving a false confirmation and/or disguising my/our country of residence. I/We further agree and confirm that the information as required under section 285BA of the Income Tax Act, 1961 read with rules 114F to 114H of the Income Tax Rules, 1962 would be provided/updated by me from time to time.
  • I/We agree that these Terms and Conditions for transacting in mutual funds through this platform shall be governed by the laws of the Republic of India. I/We and the AMC agree to submit to the exclusive jurisdiction of the courts in Mumbai as regards any claims or matters arising under these Terms and Conditions. I/We further agree that the AMC accepts no liability whatsoever, direct or indirect, for non-compliance with the laws if any country other than the Republic of India. The mere fact that the Facility can be accessed through Internet by an Investor in a country other than India shall not be interpreted to imply that the laws of the said country govern these Terms and Conditions and/or the use of the Facility.
  • I/We confirm that ICICI Prudential Asset Management Company Ltd. is relying upon this confirmation and in no event shall members of the ICICI Group and / or their directors, officers and employees be liable for any special direct, indirect, special, incidental or consequential damages arising out of false confirmation/information. If this confirmation is found to be false/incorrect/erroneous, ICICI Prudential Asset Management Company Ltd. has a right to reject the transactions.