INDmoney Private Limited

INDmoney Private Limited (‘Company’) is carrying out the business in respect to stock broking activities and carries out the activities of depository participants. SEBI Registration No. INZ000305337, SEBI Depository Participant Registration No. IN-DP-690-2022, Depository Participant ID: CDSL 12095500, Trading and Clearing Member of NSE (90267, M70042), and BSE, BSE StarMF (6779), Registered Office - 616, 6th Floor Suncity Success Tower, Sector 65, Gurugram, Haryana-122005 offering its services via website www.indstocks.com, (‘Website’) and mobile application “INDmoney”, “INDstocks” (App). The Website and App (including any sub-domains) are collectively referred to as “INDmoney Platform”

This document lays down certain important disclaimers in relation and associated with Company’s services which forms an integral part of commercial consideration basis which Company has agreed to render the stock broking and allied services to you via the INDmoney Platform.

Investment in securities are subject to market risks, read all the related documents carefully before investing. Past performance is not indicative of future returns. Brokerage will not exceed the SEBI prescribed limit. The annual maintenance charges will be zero till further notice. Refer https://indstocks.com/pricing?type=indian-stocks for further details. For any grievance related to Stock Broking/DP, please write to instockssupport@indmoney.com. Please ensure you carefully read and understand the Risk Disclosure Document as prescribed by SEBI, before making any investment decision.

The securities are quoted as an example and not as a recommendation. Logos (if any) used on the INDmoney Platform including any communication, blogs etc. are the property of respective trademark owners and by displaying it Company has no right, title, interest over it.

Company makes no warranties or representations, express or implied, on products offered through the INDmoney Platform. Company or its contractors, agents, licensors, directors, employees, associates, partners, group entities, affiliates, or suppliers accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Such representations are not indicative of future results.

Client’s KYC will be completed in accordance with extant KYC guidelines issued by SEBI, read along with requirements mandated by BSE, NSE and CDSL from time-to-time basis the information furnished by client.

Company does not warrant that the service will be uninterrupted or error-free. The service is provided in an "as is" and "as available" basis without warranties of any kind, either express or implied, including, without limitation, those of merchantability and fitness for a particular purpose. The client agrees that Company shall not be held responsible for delays in transmission of orders due to breakdown of the system or failure of communication facilities either due to the fault of the systems of Company or of the Exchanges or otherwise or for any other delay beyond the reasonable control of Company.

Orders, if accepted during off market hours will be sent to the Exchange after the Exchange opens on the next trading day. Company does not take any responsibility for any delay in acceptance / execution or non-execution of the order by the Exchange.

Terms & Conditions of the website and INDStocks section are applicable. Privacy Policy of the website is applicable.

INDmoney Private Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, and any other third party products/services etc. These are not Exchange traded products and the Company is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Kindly refer to the specific disclaimers relating to the distribution products.

Product disclaimers:

• Equity: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing.
• Futures and Options (derivatives): Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.

Risk Disclosure on Derivatives

As per a SEBI study dated 25 Jan 2023

1. 9 out of 10 individual traders in the equity Futures and Options Segment, incurred net losses.
2. On an average, loss makers registered net trading loss close to ₹ 50,000.
3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
   1. Mutual Funds: Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing. Mutual Funds are non-exchange traded products, and INDmoney is merely acting as a mutual fund distributor. All disputes with respect to distribution activity, would not have access to the exchange investor redressal forum or arbitration mechanism.
   2. IPO: Please be informed that merely opening of trading and demat account will not guarantee investment of securities in an IPO. Investors are requested to do their own independent research and due diligence before investing in an IPO. Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Brokerage will not exceed the SEBI prescribed limits. IPO is a non Exchange traded product. All disputes with respect to this, would not have access to the Exchange investor redressal forum or Arbitration mechanism.
   3. Intraday: In case of INTRA DAY, 5x leverage is subject to upfront 20% margin collection of the transaction value to trade in the cash market segment.
   4. SIP / Minisave: Customer may opt for SIP in Indian Stocks and ETFs either by opting for INDstocks SIP or Mini Save SIP by INDstocks ('Mini Save’) (collectively referred as ‘SIP / Services’). Company is merely acting as a facilitator for placing orders as per the SIP instructions given by the Customer under the Service. The execution of buy trades happens on the Exchange platform and depends upon the order matching mechanism of the exchange. There may be a possibility that orders may be executed partially or may even remain unexecuted. By offering the Service, Company is not offering or deemed to have offered any portfolio management arrangement or otherwise. Company shall not be responsible or deemed to be responsible for non-execution / rejection of SIP. Customer understand that no partial orders will be executed in case of insufficient funds. For detailed terms and conditions refer https://www.indstocks.com/page/indian-stocks-sip-terms-and-condition
   5. Referral program: This INDstocks refer & earn program (‘Program’) is offered, administered and controlled by the Company. Any grievances related to the above scheme / offer / campaign would not be entertained under investor protection or grievance redressal measures of the Exchange. The grievance related to the scheme shall be addressed by Company’s grievance redressal mechanism and will not be governed by any other grievance redressal forum of regulator/s. For detailed terms and conditions refer https://www.indstocks.com/page/indstocks-refer-and-earn-tnc
   6. INDstocks Features: INDmoney Private Limited offers various features such as screeners watchlist, P&L Dashboard; Calendar view; summary and reports, tracking etc. These features are for the sole use of customers for their convenience offered on best effort basis. These features have not been prepared considering any specific investment objectives; financial situation or needs of any investor and are only intended for general information purpose only. These features are non- exchange traded products and all disputes with respect to distribution activity, would not have access to the exchange investor redressal forum or arbitration mechanism.

COMPANY HAS TAKEN COMMERCIALLY REASONABLE EFFORTS TOWARDS GUARDING AGAINST UNAUTHORIZED USE OF ANY INFORMATION TRANSMITTED BY CLIENT, HOWEVER, COMPANY NOR ITS AFFILIATES MAKE NO REPRESENTATIONS OR GUARANTEES THAT THE SERVICES PROVIDED BY / THROUGH IT WILL NOT RESULT IN THEFT AND/OR UNAUTHORIZED USE OF DATA OVER THE INTERNET. CLIENT EXPRESSLY AGREES THAT HIS/ HER USE OF THE ONLINE PAYMENT SERVICE (INCLUDING BUT NOT LIMITED TO CREATING MANDATES, AUTO DEBIT / AUTO PAY, RECURRING PAYMENTS) IS ENTIRELY AT OWN RISK AND RESPONSIBILITY OF CLIENT

Company may use third party services or other service providers to facilitate client’s in making payments / investments / mandate set-up etc., such facilitation is offered on “as is” and “as available basis”. Company, its affiliates, group companies including respective directors, employees, disclaims any and all warranties and representations, express or implied, including warranties of merchantability or fitness. Company makes no representation that such services would be free of viruses, or error free or uninterrupted or fit for your intended purpose. Any fraudulent transaction / attempt will attract action under applicable law(s). Transactions once completed cannot be cancelled.

The communications, creatives, notifications, highlights/ recaps/stories, alerts/news, etc. either or not having any stock information which are issued/made available by the Company are nowhere to be considered as an advice, recommendation or solicitation of offer to buy or sell or subscribe for securities. The figures, if any as shown in the communications, creatives, notifications, highlights/ recaps/stories, alerts/news are for representational purposes only. INDmoney Private Limited does not provide any Portfolio Management Services nor is an Investment Adviser. Customers should take independent professional advice before deciding the stocks for trade / investment under this Service. Customer understand that INVESTMENT IN SECURITIES IS SUBJECT TO MARKET RISK, PLEASE READ ALL RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.

In no event, Company or its directors, employees, associates, representatives, group entities, contractors, agents, licensors, partners or suppliers will be liable to you for any special, indirect, incidental, consequential, punitive, reliance, or exemplary damages including without limitation lost business opportunities, losses in investment products, lost revenues, or loss of anticipated profits or any other pecuniary or non-pecuniary loss or damage of any nature whatsoever.

Company is not associated in any manner with any issuer of products/ securities; this ensures that there is no actual or potential conflict of interest.

Company and/or any of its affiliates do not provide any tips, advisory, solicitation, opinions or portfolio management services regarding buying, selling and trading of any securities, directly or indirectly, in any manner. Information displayed or laid out by INDmoney Platform, including but not limited to any social media, are purely for either educational, informational, or discussion purposes and should not be construed as direct or indirect recommendation to invest, trade or speculate in the markets. Company strongly recommends and urges you to immediately notify about the same, if any such tips, advisory, solicitation, opinions or related services regarding buying, selling and trading of any securities, directly or indirectly, in any manner from any person or platform which is believed to be or likely to be believed as that of INDmoney or INDmoney Platform. Please contact instockssupport@indmoney.com for any of your queries with regard to the same. In no event shall INDmoney be liable for any investments, trades or speculative activities performed by any person based on any such information or content and all such activities shall be solely at their own risk.

Company may use the data to personalise and customise your experience on a best efforts basis, however, strongly urges its clients to make well informed investment decisions by studying and understanding the investment products. Client may in its sole discretion decide whether to disregard it (in whole or in part) or to act upon it (in whole or in part). All investment decisions shall be made at client’s sole discretion. Client should seek appropriate professional advice including tax advice before dealing with any realised or unrealised gain / loss reflecting in the investments, portfolio or statement.

INDmoney Platform may display some content like mutual funds data, external ratings, research and other relevant data, information or elements that are externally sourced by the Company. Certain data may be displayed on “as is, as available basis” or some may be derived or processed to display data / information that is based on such external data or presented in a format that is largely suited to user experience. The entity providing such content is solely responsible for the accuracy of such data. Display of such data on INDmoney Platform shall not be considered as investment advice.

The INDmoney Platform may contain links, information or pointers to other websites or services for payments, information verifications, information processing, transaction processing or other required / appropriate services but client must not infer or assume that Company operates, controls, manages or is otherwise connected with these third party websites. Please be careful to read the terms of use and privacy policy of such third-party website before you provide any confidential information or engage in any transactions. Company is not responsible for the content or practices of any other website even if it links to the site and even if the website is operated by a company affiliated or otherwise connected with Company.

The Client is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc., which are susceptible to interruptions and dislocations; and the Company online trading service may at any time be unavailable without further notice / intimation. Company and the Exchange do not make any representation or warranty that the Company online trading service will be always available to the Client without any interruptions. The Client agrees that Client shall not have any claims against the Exchange or Company on account of any suspension, interruption, unavailability or malfunctioning of the Company’s online trading system or service of Company or the Exchange's service or systems for any reason whatsoever.

Client confirms that the information / details provided by him / her is true, accurate, correct and complete in all respects. The Client agrees that the Company shall issue the contract note in digital form which shall be sent by way of electronic mail on the registered email address of the Client. Company shall, in no event, be responsible for the non-receipt of the trade confirmation including but not limited to change of the correspondence address of the Client not intimated to Company in writing. Client is aware that it is Client’s responsibility to review the trade confirmations, the contract notes, the bills or statements of account immediately upon their receipt. All such confirmations and statements shall be deemed to have been accepted as correct if the client does not object in writing to any of the contents of such trade confirmation / intimation within twenty-four hours to Company.

Please note that by submitting details Client authorizes Company (or its authorized/group entities) to contact you / send you communications through any modes, including but limited to in the form of messages, voice calls, through any digital means / channels, any over-the-top communication services etc. even if you are registered under DND (Do not Disturb). Please also note that communications with Company’s representatives may be recorded for internal quality and training purposes.

The contents available on INDmoney Platform shall not be considered as an invitation or persuasion to trade or invest. The contents herein mentioned are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product.

Exchange Disclaimer

The Bombay Stock Exchange/National Stock Exchange is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Bombay Stock Exchange/National Stock Exchange, SEBI Act or any other laws in force from time to time.

The Bombay Stock Exchange/National Stock Exchange is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.