TERMS AND CONDITIONS
The client agrees to pay the fees calculated in the manner and on the rates as provided in the Schedule I which is mentioned in Commercial terms.
The Basket profits or returns would include any dividends, benefits received out of corporate actions.
All the costs, fees, charges as per schedule I and expenses of whatsoever nature incurred by us in connection with the acquisition, holding, sale and transfer, in respect of the dematerialized state charges of the Depository Participant, in respect of Securities shall be paid by the Client.
A new separate DP account is required for all investors for the basket investments. No Demat charges is applicable on second demat account.
For new and existing clients, the Demat account will be used only for stock basket and Investor is free to open separate Demat account for self managed investment.
During the course of investment, we will invest as close as possible to the basket amount. Some small surplus to be left due to rounding off that amount will be managed /invest/return to the investor as suitable.
The stocks in the basket will be as per the discretion of the ACMIIL. These stocks would be reviewed from time to time and the rebalancing, (if any), of the stocks in the basket would be at the discretion of ACMIIL.
You are free to exit basket wise or exit from all basket at any point of time. You are not allowed to selectively exit from any stock or add any stock to the basket.
In case of a bank mandate, we will need 20% more mandate of the basket amount as the stock price will fluctuate time to time. The amount taken from bank would be actual value of Basket.
The Client agrees that in the event of a dispute, the Claims, if any, by the Client cannot exceed the fees paid by the Client for the year for advisory services in Rupee terms.
The client agrees that in case of any dispute, the claim and/or disputes will be referred to arbitration as per the Rules, Bye-laws and Regulations of the Stock Exchange where the trade is executed and the circulars/notices issued there under as may be in force from time to time.
As a SEBI registered stock broker, we are permitted to act as an adviser. This product is part of our advisory activity.