Purchase Terms and Conditions
• I/We have read, understood and hereby agree to abide by the Scheme Information Document (SID), Key Information Memorandum (KIM) of the schemes, Statement of Additional Information (SAI), Foreign Account Tax Compliance Act (FATCA) and Common Report Standard (CRS) under FATCA and CRS provision of the Central Board of Direct Taxes notified rules 114F to 114H, as part of Income tax rules 1962.
• I/We apply for units of the fund and agree to abide by the Terms and Conditions, Rules and Regulations of the Scheme and other statutory requirements of SEBI, AMFI and Prevention of Money Laundering Act, 2002 and such other obligations as may be applicable from time to time.
• I/We confirm to have understood the Investment Objectives, Investment pattern and Risk factor applicable to Plans/Options under the scheme.
• I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this Investment.
• I/We declare that the amount invested in the scheme is through legitimate sources only and is not designed for any contravention or evasion of any Act, Regulations or any other applicable laws enacted by Government of India and other Statutory Authority.
• 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 Essel Finance Asset Management Company Ltd (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 total investment exceeding Rs.50, 000/- per year.
• The ARN Holder has disclosed to me/us all the commissions (in the form of Trail or any other mode), payable to him for the different competing schemes of various Mutual Funds 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. I/We will not hold Essel Finance Asset Management Company Ltd (The AMC) , liable for any delay in crediting the scheme collection accounts by the AMC service provider resulting in consequent pricing of Units.
• I/We here by confirm that I/We have not been offered/ communicated with any indicative Portfolio and/or any indicative yield for this investment.
• In case there is any change in KYC information please update the same by downloading the prescribed “KYC Change request form” under ‘FATCA-CRS / Additional KYC Update’ section of our website https://mutualfund.esselfinance.com and submit the same at the point of service of any KYC Registration Agency.
• Transaction charges- In accordance with the SEBI circular IMD/DF/13/2011 dated August 22,2011, the fund shall deduct transaction charges on purchase/subscription of Rs.10000/- and above, wherein such purchase/subscription 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:
1. The existing investors may be charged Rs.100/- as transaction charge per subscription of Rs.10000/- and above.
2. A first time investor may be charged Rs.150/- as transaction charge per subscription of Rs.10000/- and above.
There shall be no transaction charge on subscription below Rs.10000 and on transactions other than purchases/subscriptions relating to new inflows. In case of investment through Systematic Investment Plan (SIP), transaction charges will be deducted only if total commitment through SIP amounts to Rs.10000/- and above. The transaction charges in such investments 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 foresaid transaction charges shall be deducted by the AMC from the subscription amount and paid to the distributor, as the case maybe and the balance amount shall be invested in the scheme opted by the Investor.
However, upfront commission to the distributor will be paid by the Investor directly, based on his assessment of various factors including the services rendered by the distributor.
Transaction charges shall not be deducted if:
1. Purchase or Subscription is made directly with the fund through any mode (I.E Not through distributor or agent).
2. Purchase or 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.
3. Upfront commission shall be directly paid by the investor to the AMFI registered distributor/agent based on the investor Assessment of various factors including the service rendered by the distributor.
4. In line with regulation under Prevention of Money Laundering ACT (PMLA) and other applicable guidelines, I/We hereby confirm that the funds for this purchase are being debited from my/our own account.
5. I/We hereby confirm that I/We are not persons resident in the United States of America (USA), or Corporations, or partnerships or any other entity created or organized in or under the laws of USA or any person/Entity falling within the definition of ‘US Person’ under the US securities act of 1933, (as amended) and persons of Canada. I/We hereby confirm that I/We are not giving false confirmation and/or disguising my/our country of residence.
6. I/We confirm that Essel finance Asset Management Company Ltd (The AMC), is relying upon this confirmation and in no event shall members of Essel group and/or their directors, Officers and employees be liable for any special direct, indirect, special, Incidental or consequential damages arising out false confirmation/information. If this confirmation is found to be false/erroneous/incorrect, Essel finance Asset Management Company Ltd has a right to reject the transaction.

Kindly note that, with effect from 1st August, 2009 as per SEBI circular no. SEBI/IMD/CER no.4/168230/09, upfront commission shall be paid directly by the investor to the AMFI registered distributors based on the assessment of various factors including the service rendered by the distributor.