Mutual Funds - Balanced
This is a multi asset mutual fund portfolio suited for the investor with the moderate risk profile. The allocations are dynamically adjusted semi annually.
Returns: 17.8 % (3Y)
Aug. 23, 2022
Disclaimer: The content and data available in the material prepared by the company and on the website of the company, including but not limited to index value, return numbers and rationale are for information and illustration purposes. Use of back-tested data has inherent limitations including the following: The results do not reflect the results of actual trading or the effect of material economic and market conditions on the decision-making process, but were achieved by means of retrospective application, which may have been designed with the benefit of hindsight. Actual performance may differ significantly from back-tested performance. Information present in the material prepared by the company and on the website of the company shall not be considered as a recommendation or solicitation of an investment or investment strategy.
In this Agreement, unless the context otherwise requires, the Client and the Investment Adviser shall each be individually referred to as a “Party” and shall be collectively referred to as the “Parties”.
The Client seeks to appoint advisor(s) to provide certain investment advisory and other related services in relation to the model portfolios of securities and has requested the Investment Adviser to render investment advisory services to it at his/her/ its risk.
The Investment Adviser has agreed to be appointed as the Investment Adviser to the Client in accordance with the terms of this Agreement and SEBI (Investment Advisers) Regulations, 2013 as amended from time to time (“IA Regulations”) to provide with investment advisory services on a
1.SCOPE OF SERVICES
1.1The Client hereby engages the services of the Investment Adviser and the Investment Adviser hereby agrees, as an independent contractor and on a principal to principal basis, to provide the model portfolio services.
1.2The services rendered by the Investment Adviser shall take into account the risk capacity and risk aversion determined through a proper risk profiling process and accepted by the Client.
1.3Notwithstanding anything herein contained to the contrary, the Parties hereby agree that the services to be rendered by the Investment Adviser to the Client are merely recommendatory,
1.4The Parties acknowledge that the Investment Adviser will not assume any management responsibilities in connection with the services. Further, the Investment Adviser will not be responsible for the use or implementation of the output of the services provided pursuant to this Agreement.
1.5The Investment Adviser shall use its best judgment and efforts in rendering advice to the Client under this Agreement and in the performance of all its powers and duties under this Agreement.
1.6It is hereby expressly understood and confirmed by the Client and the Investment Adviser that notwithstanding any other provision of this Agreement, neither the Investment Adviser nor any of its directors or employees shall have the power or authority whatsoever to:
1.6.1Bind or commit the Client in relation to any contract or any trade or other preliminary or ancillary agreement relating thereto.
1.6.2Represent the Client in any way, including without limitation, in any negotiations relating to the purchase, acquisition, sale or transfer of any investments.
1.6.3Buy or sell any securities on behalf of the Client.
1.7The services to be provided by the Investment Adviser shall be subject to the activities permitted under the
Securities and Exchange Board of India (Investment Advisers) Regulations, 2013. The Investment Adviser shall act in a fiduciary capacity towards the Client at all times.
2.FUNCTIONS AND DUTIES OF THE INVESTMENT ADVISER
2.1The Investment Adviser, in relation to providing services to the Client, undertakes to always abide by the IA Regulations (including compliance requirements under the IA Regulations) and rules, circulars and notifications issued there under from time to time.
2.2The Investment Adviser undertakes to always abide by the eligibility criteria as under the IA Regulations.
2.3The Investment Adviser shall provide a risk assessment procedure to client including determination of risk capacity and risk aversion levels
2.4The Investment Adviser shall provide reports in relation to potential and current investments.
2.5The Investment Adviser shall, in relation to each Client maintain, know your client, advice, risk assessment, analysis reports of investment advice and suitability, terms and conditions document, rationale of advice, related books of accounts and a register containing list of clients along with dated investment advice in compliance with the IA Regulations.
2.6The Investment Adviser shall conduct compliance audits with respect to itself to ensure that it is in compliance with the IA Regulations in a form and manner as may be prescribed under the IA Regulations from time to time.
2.7The Investment Adviser shall ensure there is adequate compliance and monitoring processes in place for the purposes of client segregation in a form and manner as may prescribed under the IA Regulations from to time.
2.8The Investor Advisor undertakes to abide by the code of conduct as specified under the IA Regulations and such shall be deemed to incorporated within this Agreement by reference.
3.1The Client shall pay the Investment Adviser by way of remuneration for its services such fees as specified at the beginning of the agreement in accordance with the IA Regulations and relevant circulars issued there under
3.2In case, the Investment adviser is charging the fee on a percentage of AUA basis, the Investment Adviser shall refer the Client’s monthly holding statement as referred to in point 3.3 below for the calculation of the fee
3.3In case, the Investment Adviser is charging on a percentage of AUA basis, the Client shall bring to the notice of the Investment Adviser any discrepancy in the monthly holding statement shared by the Investment Adviser within 7 days from the date of the statement, failing which it shall be presumed that the Client has confirmed its completeness and correctness. The Client agrees to provide the Investment Adviser with necessary supporting documents related to the AUA, as and when required
3.4The client shall pay the fee within 7 days from receiving the invoice from the Investment Adviser on the registered email id.
3.5The Investment Adviser shall send a receipt evidencing payment of Advisory Fees by the Client to the Client’s registered email address
3.6The Advisory Fee shall be paid by the Client to the Investment Adviser by depositing the same in the bank account of the Investment Adviser as may be notified by the Investment Adviser. The Advisory Fee shall not be accepted in cash by the Investment Adviser.
3.7The Investment Adviser confirms that the fees shall at all times be calculated and charged in accordance with IA Regulations and circulars issued thereunder
3.8The Client shall be additionally charged all taxes as may be applicable or as may be levied in relation to the consideration payable to the Investment Adviser. It is hereby clarified that the Investment Adviser shall be responsible
for payment of income tax and similar levies payable by it.
3.9 A sample illustration for calculation of fee is given below
Formula for the calculating the fee on percentage of AUA basis has been explained below:
(Average daily AuA in the month) * (Number of invested days in the month/360) * Subscription fee (in %)
Sample calculation: 100,000 (Avg. daily AuA) * (30/360) *.02 (subscription fee as %) = INR 166.67
Fixed fee will be charged as a fixed amount during the subscription at the beginning of the subscription
3.10 Below are the SEBI guidelines for advisory fees as specified in the SEBI circular dated 23rd Sep 2020.
Fees Regulation 15 A of the amended IA Regulations provide that Investment Advisers shall be entitled to charge fees from a client in the manner as specified by SEBI, accordingly Investment Advisers shall charge fees from the clients in either of the two modes:
(A) Assets under Advice (AUA) mode
a. The maximum fees that may be charged under this mode shall not exceed 2.5 percent of AUA per annum per client across all services offered by IA.
b. IA shall be required to demonstrate AUA with supporting documents like demat statements, unit statements etc. of the client.
c. Any portion of AUA held by the client under any
(B) Fixed fee mode
The maximum fees that may be charged under this mode shall not exceed INR 1,25,000 per annum per client across all services offered by IA.
General conditions under both modes
a. IA shall charge fees from a client under any one mode i.e. (A) or (B) on an annual basis. The change of mode shall be effected only after 12 months of on boarding/last change of mode.
b. If agreed by the client, IA may charge fees in advance. However, such advance shall not exceed fees for 2 quarters.
c. In the event of
4.INVESTMENT OBJECTIVES AND GUIDELINES AND RISK FACTORS
4.1Type of securities – model portfolio services provided by the investment adviser under this agreement would be based on stocks and ETFs listed on the Indian Stock Exchanges.
4.2Strategy – recommendation follows a model portfolio approach where the portfolio composition is reviewed at a
fixed frequency based on various quantitative, technical or fundamental factors to determine the portfolio composition for the next period.
4.3Tax Aspects – equity component of the portfolio would be subjected to short term/long term capital gains tax depending on the holding period of the security. If the holding period is less than one year, a 15% short term capital gains tax would be applicable. If the holdings period is more than one year, a 10% long term capital gains tax would be applicable on portfolio gains. These rates can be revised on a time to time basis by the government of India. Tax liability on the ETF component of the portfolio, if any, would depend on the underlying asset class of the ETF. When in doubt, client shall reach out to the Investment Advisor on the mentioned email id for a detailed evaluation based on the trades placed by the client.
5.REPRESENTATIONS AND WARRANTIES BY THE PARTIES
The Parties hereto represent, warrant, and covenant to each other that:
5.1Each of the Parties are duly formed and validly existing under the respective laws that they are subject to with full power and authority to conduct the business as contemplated in this Agreement.
5.2Each Party has full power, capacity and authority to execute, deliver and perform this Agreement and has taken all necessary action (corporate, statutory or otherwise) to authorize the execution, delivery and performance of this Agreement.
5.3This Agreement and each other agreement executed in connection herewith, if any, have been duly executed and delivered by each Party and constitute legal, valid and binding obligations of such Party, enforceable against the other Party in accordance with the terms.
5.4Each Party has obtained and complied with all clearances, permissions, approvals, conditions and notices, that are or have been required, for the due execution and delivery of, and performance under this Agreement.
The Client understands and consents that it/he/she:
5.5.1have read and understood the terms and conditions of investment advisory services provided by the Investment Adviser and also understood the fee structure and mechanism for charging and payment of fees as under this Agreement.
5.5.2wants to avail the investment advisory services only for himself / herself and not for any other person.
5.5.3have, based on its written request to the Investment Adviser, been provided the opportunity by the Investment Adviser to ask questions and interact with ‘person(s) associated with the investment advice.
5.5.4has read the terms and conditions of Investment Advisory services provided by the Investment Adviser along with the fee structure and mechanism for charging and payment of fee. Further, the Investment Adviser based on
the Client’s request in writing provided the Client an opportunity to ask questions and interact with person(s) associated with the investment advice.
5.5.5shall furnish any and all information as reasonably requested by the Investment Adviser for the purpose of risk profiling process. The risk profile as created by the Investment Adviser shall be final and binding on the Client and the Client consents to the Investment Adviser utilizing such information for the purpose of rendering investment advice services to the Client.
5.6Representations by the Investment Adviser
5.6.1The Investment Adviser shall ensure that it has appointed personnel of appropriate qualifications and experience to perform the services in order to fulfil its obligations under this Agreement.
5.6.2Investment Adviser shall neither render any investment advice nor charge any fee until the Client has signed this Agreement.
5.6.3The Investment Adviser represents and warrants that it shall only recommend direct implementation of advice i.e. through direct schemes/direct codes where no consideration (including any embedded/indirect/in kind commission or referral fees by any name) is received directly or indirectly by the Investment Adviser or his /her family.
5.6.4Investment Adviser shall not manage funds and securities on behalf of the client and that it shall only receive such sums of monies from the client as are necessary to discharge the client’s liability towards fees owed to the Investment Adviser.
5.6.5Investment Adviser shall not, in the course of performing its services to the Client, hold out any investment advice implying any assured returns or minimum returns or target return or percentage accuracy or service provision till achievement of target returns or any other nomenclature that gives the impression to the Client that the investment advice is risk free and/or not susceptible to market risks and or that it can generate returns with any level of assurance.
5.6.6The Investment Adviser represents and warrants that it is carrying on its activities on an
5.6.7The Investment Adviser represents and warrant that it is carrying on its activities independently, at an
5.6.8The Investment Adviser represents and warrants that all appropriate registrations permissions and approvals which are statutorily required, have been validly maintained and shall continue to be in force as required for the performance of the Investment Adviser’s obligations under this Agreement.
5.6.9The Investment Adviser shall not derive any direct or indirect benefit out the Client’s securities and/or investment products.
5.6.10The Investment Adviser shall ensure that it will take all consents and permissions from the Client prior to undertaking any actions, including but not limited to implementation services in relation to the securities or investment products advised by the Investment Adviser, in a form and manner as under the IA Regulations.
5.6.11The Investment Adviser represents and warrants that it shall not provide any distribution services to the
5.6.12The Investment Adviser represents and warrants that its family/group companies shall not provide distribution services to the Client advised by the Investment Adviser, for securities and investment products.
5.6.13The Investment Adviser represents and warrants that its family/ group shall not provide investment advisory services to the Client who receives distribution services from the other family members of the Investment Adviser.
5.6.14The Investment Adviser represents and warrants that it shall not provide investment advisory services, for securities and investment products, to a Client who is receiving distribution services from its family members/ group.
5.6.15The investment adviser represents and warrants that it shall maintain client records and data as mandated under the securities and exchange board of India (Investment Adviser) Regulations 2013.
For the purposes of this Agreement, “family members and group” shall have the meaning ascribed to it under the IA Regulations.
6.NO RIGHT TO SEEK POWER OF ATTORNEY
The Investment Adviser hereby declares and confirms that it shall not seek any power of attorney or authorizations from the Client for implementation of investment advice.
7.SERVICES NOT EXCLUSIVE
The services of the Investment Advisor are not exclusive to the Client. The Investment Advisor and any shareholder, employee, director or agent of the Investment Advisor may render similar services to others and engage in additional activities, without any intimation to, or consent of the Client. Provided however that the Investment Advisor as well as any of its directors, employees of associate concerns shall avoid any conflict of interest in relation to the advisory services provided.
In the event that such a conflict of interest does arise, the Investment Adviser shall declare such conflict and, if reasonably possible, ensure that fair treatment on an arm’s length basis as reasonably determined by the Investment Adviser in its sole discretion shall be accorded to the Client. For the avoidance of doubt, the Investment Advisor may, from time to time have business relationships with companies or corporations in relation to which advisory services have been provided to the Client.
8.DURATION AND TERMINATION
8.1The Agreement shall remain in force for the period mentioned at the beginning of this agreement.
8.2If the client is on an
8.3This Agreement may be terminated by mutual agreement of the Client and the Investment Adviser by giving a 30 days prior written notice.
8.4The Agreement may be immediately terminated by the Investment Adviser: (i) if the Client breaches any material term of this Agreement; or (ii)if the Client is admitted into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation) or commits any act of bankruptcy or if a receiver is appointed in respect of any assets of the Client.
8.5If the Investment Adviser ceases to hold statutory licenses and/or registrations required to provide services as contemplated under this Agreement then the Client shall have the ability to terminate this Agreement without any further consequences.
8.6If the Government or any regulatory body has taken any action on the Investment Adviser then the Client shall have the right to immediately terminate this Agreement.
8.7The agreement will be terminated automatically upon the death of the Client.
8.8Upon the termination of the Agreement due to reasons under Clause 8.3, 8.4, 8.5,8.6 and 8.7, the Investment Adviser shall refund any balance of the advisory fees for which services have not been provided within 30 business days from the date of termination of this agreement.
8.9Any Advisory Fees that have accrued in the manner set out in this Agreement up to the date of the termination shall be paid by the Client to the Investment Adviser within Thirty (30) business days from the date of termination of this Agreement.
9.LIMITATION OF LIABILITY OF THE INVESTMENT ADVISER
9.1The Investment Adviser shall not be liable towards the Client by reason of any loss, which a Client may suffer by reason of any depletion in the value of the investment and/or ‘assets under advice’, which may result by reason of fluctuation in asset value, or by reason of
For the purposes of this Agreement, “Assets Under Advice” shall have the meaning ascribed to under the IA Regulations.
10.1Any notice, instruction, recommendation or other communication to be given hereunder shall be in writing and delivered by
10.2Whenever, pursuant to any provision of this Agreement, any notice, instruction, recommendation or other communication is given to either Party, the Client or the Investment Adviser (as the case may be) may accept as sufficient evidence thereof a document signed or purporting to be signed by such person or persons as shall be authorised from time to time in that behalf by the Client or the Investment Adviser (as the case may be).
10.3Whenever, pursuant to any provision of this Agreement, any notice, instruction, recommendation or other communication is given to either Party, the Client or the Investment Adviser (as the case may be) may accept as sufficient evidence thereof a document signed or purporting to be signed by such person or persons as shall be authorised from time to time in that behalf by the Client or the Investment Adviser (as the case may be).
This Agreement may not be assigned by either Party without the written consent of the other Party.
This Agreement together with any document annexed hereto or referred to herein constitutes the entire Agreement between the Parties in relation to the subject matter hereof and supersedes all prior understandings, arrangements, representations, proposals or communications between the Parties whether written or oral.
In the event that any term, condition or provision of this Agreement is held to be in a violation of any applicable law, statute or regulation the same shall be deemed to be deleted from this Agreement and shall be of no force and effect and this Agreement shall remain in full force and effect as if such term, condition or provision had not originally been contained in this Agreement. Notwithstanding theforegoing in the event of such deletion the Parties shall negotiate in good faith in order to agree on the terms of a mutually acceptable and satisfactory alternative provision in place of the provision so deleted.
14.GRIEVANCE REDRESSAL AND DISPUTE RESOLUTION
14.1In the event any Client has any grievances in relation to the provision of investment advice and related services by the Investment Adviser, it shall be the responsibility of the Investment Adviser to resolve the grievances promptly but not later than a period of thirty (30) days from the date such grievance or such time period as may be prescribed by SEBI from time to time.
14.2In the event of any dispute arising between the Parties in relation to this Agreement, the Parties shall in the first instance attempt to resolve such dispute by mutual discussions. If the dispute is not resolved through mutual
consultations within thirty (30) calendar days after one Party has served written notice on the other Party requesting the commencement of such discussions, either Party may in writing demand that the dispute be finally settled by the arbitration of one (1) arbitrator, who shall be appointed based on the mutual agreement of the Parties. The arbitration shall be conducted in accordance with the Arbitration and Conciliation Act, 1996 and the rules thereunder, as may be amended from time to time.
14.3The language of arbitration shall be English.
14.4The arbitration award shall be final and binding upon the Parties. Each Party shall
14.5The costs and expenses of the arbitration, including, the fees of the third arbitrator, shall be borne equally by each Party to the dispute or claim and each Party shall pay its own fees, disbursements and other charges of its counsel and the arbitrators nominated by it.
14.6The arbitrator would have the power to award interest on any sum awarded pursuant to the arbitration proceedings and such sum would carry interest, if awarded, until the actual payment of such amounts. Any award made by the arbitrators shall be final and binding on each of the Parties that were parties to the dispute.
The Investment Adviser shall not be liable for delays or errors occurring by reason of circumstances beyond its control, including but not limited to acts of civil or military authority, national emergencies, work stoppages, fire, flood, catastrophe, acts of God, insurrection, war, riot, or failure of communication or power supply. In the event of equipment breakdowns beyond its control, the Advisor shall take reasonable steps to minimize service interruptions but shall have no liability with respect thereto.
16.1The Investment Adviser shall not seek any power of attorney or authorizations from the Client for automatic implementation of investment advice and nothing in this Agreement shall be construed as conferring a power of attorney or such rights by the Client on the Investment Adviser.
16.2Any amendment to the terms hereof shall be effective only if agreed to in writing between the Client and the Investment Adviser.
16.3No failure on the part of any Party to exercise, and no delay in exercising, any right or remedy under this Agreement will operate as a waiver thereof nor will any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.
16.4The illegality, invalidity or unenforceability of any provision of this Agreement under the laws of any jurisdiction
shall not affect its legality, validity or enforceability under the laws of any other jurisdiction nor the legality, validity or enforceability of any other provision.
16.5Other than as specifically permitted under this Agreement, the Client shall not publish, disseminate or broadcast advertisements, circulars or other publicity material referring to the other Party without the prior consent of such Party, which shall not be unreasonably withheld.
16.6Nothing herein contained shall be deemed to create or constitute a partnership between the Parties hereto. This Agreement may only be varied with the written agreement of both Parties. This Agreement may be entered into in any number of counterparts, each of which when executed and delivered shall be an original.
16.7No Person who is not a party to this Agreement shall have any right to enforce the terms of this Agreement.
16.8Each party agrees to perform such further actions and execute such further agreements as are necessary to effectuate the purposes hereof.
17.DISCLOSURES BY THE INVESTMENT ADVISER
You agree to provide any information we may reasonably request from time to time, in order to enable us to perform our Services or comply with any laws, regulations and policies (including, without limitation, "know your client (KYC)" requirements). You undertake to notify us promptly of any material change to the information provided by you to us on our Application, including any change related to personal information. You understand and accept that failure to do so may adversely affect the quality of the advice or
recommendations. An illustrative list of factors that may be important for us to render Services effectively are as follows:
1.Circumstances that may lead to a change in your risk appetite or risk tolerance;
2.Your investment objectives including time for which you wish to stay invested;
3.The purposes of the investments;
4.Any restrictions or preferences that you may wish to specify in respect of the nature or manner of Investments or on any particular security/sector;
5.Your income details;
6.Your liabilities details; and
7.Your existing Investments and assets including those not advised by us.
You shall not disclose any advice provided by us pertaining to the purchase and sale of Securities to any third party and we shall not be responsible for any Losses that may be suffered by such party as a result of the disclosure of such advice by you. No third party shall place any reliance on the information furnished or advise given to you. Any advice provided is exclusively for your knowledge and use, subject to the extent otherwise permitted herein.
You confirm that you understand the risks involved in investing in products available on our Application. You are aware that the value of the investments could substantially depreciate to an unpredictable extent.
Our Liability and responsibilities to you
We will attend your account with due care and diligence, but we will not be liable for the performance or profitability of investments we advice to you. All decisions in relation to investments are based on your own evaluation of your financial circumstances and investment objectives. Any decision, action or omission to buy, sell or hold Investments shall be based solely on your own verification and a proper evaluation of all the relevant facts, financials and other circumstances and neither we nor any of our employees, officers, directors, personnel, agents or representatives shall be responsible or held liable for the same for any reason whatsoever.
We shall maintain an
Where Wright Research is engaged in activities other than Advisory Services, we shall ensure that the Advisory Services are clearly segregated from all other activities of Wright Research in the manner as prescribed by the Regulations.
We will not act on our own account (on a principal to principal basis), to sell Securities or Investment products to, or purchase Securities or Investment product from you in respect of which we are rendering Advisory Services envisaged under this Advisory Agreement.
You confirm that you are aware that Securities are subject to a very wide variety of risks which include amongst others (and by way of illustration) an unpredictable loss in value which may extend to a total loss of value of the Securities due to, inter alia:
(a)overall economic slowdown, unanticipated corporate performance, environmental or political problems, changes to monetary or fiscal policies, changes in government policies and regulations with regard to industry and exports;
(b)acts of force majeure including nationalisation, expropriation, currency restriction, measures taken by any government or agency of any country, state or territory in the world, industrial action or labour disturbances of any nature, boycotts, power failures or breakdowns in communication links or equipment (including but not limited to loss of electronic data) international conflicts, violent or armed actions, acts of terrorism, insurrection, revolution, nuclear fusion, fission or radiation, or acts of God, default of courier or delivery service or failure or disruption of any relevant stock exchange, depository, clearing house, clearing or settlement systems or market, or the delivery of fake or stolen securities;
(c)volatility of the stock markets, stock market scams, circular trading of securities and price rigging;
(d ) default or
(e)low possibilities of recovery of loss due to expensive and
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You agree and acknowledge that the intellectual property in all material provided on the application, including literature, manuals, reports, research papers, data, flow charts, drawings, designs, logo, videos, illustrations, diagrams, tables, software, source code or object code or other information or materials in
whatever form and on whatever media stored or held ("Material") is owned either by Wright Research or third party entities who have licensed or permitted such placing or use of Materials. Except as expressly permitted herein or on the Application, none of the Materials shall be copied, reproduced, distributed, republished, downloaded, displayed, posted, transferred or transmitted in any form or by any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Wright Research.
You shall not transfer, reverse engineer, decompile, disassemble, modify or create derivate works based on the Materials except as permitted herein or by law.
You also agree not to use any Material available on Wright Research’s Application for any unlawful purpose, and you shall comply with the request of Wright Research or any of the third party providers to protect their respective rights thereon.
The copyright, trademarks, service marks, registered designs, database rights, patents and all similar rights in and relating to the Material are owned by Wright Research, its licensors or relevant third party content providers. Nothing on the Platform should be construed as granting, by implication, estoppel or otherwise, any license or right to use Material without written permission of Wright Research or the relevant third party owners.
You agree and warrant not to do anything that will violate, infringe, prejudice or in any way affect Wright Research's or any third party's intellectual property rights and shall take all necessary measures to preserve and protect these intellectual property rights.
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(e)amend, modify, suspend or terminate the operation of the services and the provisions rendered by Wright Research;
Authority of Personal Representatives
In the event of the Client’s demise, Wright Research shall be absolutely protected in acting under these terms and conditions until Wright Research receives written notice of death from the legal representatives or executors of the Client. The legal representatives or executors will be recognized by Wright Research as having the sole authority to act under these terms and conditions on behalf of the deceased Client only upon the legal representatives or executors producing the appropriate and valid legal documents which establishes them as the legal representatives of the deceased Client. All acts performed by Wright Research prior to receiving written notice of the Client’s death, shall be valid and binding upon the Client and the Client’s successors in title.
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The provisions of this clause shall survive termination of this Agreement for any reason whatsoever.
Wright Research reserves the right to terminate User Account or this Agreement forthwith, upon the occurrence of any of the following events:
1.if you commit a breach of any of the terms and conditions hereunder;
2.the you become insolvent or enters into liquidation or receivership or suffers an administration receiver to be appointed in relation to the whole or any part of its assets, or suffers any judgment to be executed in relation to any of its property or assets, if any of these would adversely affect the performance of the obligation under these terms;
3.any of your representations, warranties or statements hereunder or in the Application Form or in any document delivered pursuant to these terms and conditions have not been complied with or is incorrect or incomplete in any respect;
ii. You can opt out of using our Services by writing to us at support@Wright Research.in .
Wright Research does not provide execution. We have partnered with third party technology providers for execution.
Wright Research may, at your request, refer you to service providers, stock brokers or other intermediaries or distributors (collectively hereinafter referred to as "Intermediaries") who may facilitate or provide services to enable you to implement any advice or recommendation made by us in respect of Products. Where any consideration by way of remuneration or compensation or in any other form whatsoever, if any, is received or receivable by us from such Intermediaries, we shall disclose the same to you. You confirm that you shall independently evaluate the services and capabilities of the Intermediaries and you shall enter into a contract for services at your sole discretion, judgment and opinion.
You agree that the decision to execute such transactions, whether directly or through any Intermediary is at your sole discretion, judgment and opinion. You further undertake and confirm that you shall be responsible for all the investment decisions and trades executed through such Intermediaries. We shall not be held
liable in respect of services rendered by the Intermediaries.
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Acting upon the instructions: Any instructions (oral or otherwise) purported to be given by any person other than you, need not be acted on by Wright Research but Wright Research is authorized to act on any and all such instructions which Wright Research believes in good faith, or has reason to believe, is from you as soon as such instructions have been received by Wright Research in writing, fax, or email correspondence thereof. Wright Research shall not be liable for any loss, damage, cost, charge and expense incurred by you as a result of Wright Research so acting.
Security Measures: You shall be responsible for the systems used by yourself with respect to dealings with Wright Research and for various security measures which you have to take to prevent unauthorized access to details relating to the dealing with Wright Research through the Application, and Wright Research shall not be liable for any such unauthorized access.
Notification of error etc.: Whenever you receive any communication (including investment advice) pursuant to this Agreement from Wright Research, that you agree it will inform Wright Research of any mistakes or omission or disagreements within seven (7) days from the date of the relevant information/documents. If you fail to do so, you shall be deemed to have agreed to the contents in such communications (including investment advice) and will no longer have the right to dispute the accuracy thereof. Accordingly, Wright Research has the right to treat your silence as your representation that the such communication is accurate or/and to your satisfaction. Nothing in this Clause shall prevent Wright Research from unilaterally amending any such statement for any inaccuracy it detects.
Wright Research reserves the right to amend, modify or vary any of the terms stated herein at any time in its sole and absolute discretion and any such amendment, modification or variation shall take into effect and bind you from such date as may be prescribed by Wright Research.
If any dispute and/or difference that has arisen between the Parties hereto during the subsistence of this terms and conditions or thereafter, in connection with the validity, interpretation, implementation or alleged
material breach of any provision of these terms and conditions or regarding any question arising out of this terms and conditions or otherwise, the Parties hereto shall endeavor to settle such dispute/difference amicably by negotiation.
In case of failure to resolve the dispute and/or difference amicably, the dispute and/or difference shall be referred to Arbitration presided by a sole arbitrator.
The Arbitration proceedings shall be governed by the Arbitration and Conciliation Act, 1996 or any amendment thereto.
The Arbitration proceedings shall be held in Mumbai, India and the language shall be English.
The Parties hereto shall submit to the Arbitrator's award and the award shall be enforceable in any competent court of law.
The provisions of this clause shall survive the termination of these terms and conditions for any reason whatsoever.
Governing Law and Jurisdiction
The laws of India shall govern this Agreement, and the courts of Mumbai shall have the exclusive jurisdiction.
Your investments can experience volatility or lack of liquidity or credit risk. The fluctuations are dependent upon various factors such as:
All investments are subject to market risks. As an investor, you have satisfied yourself by reading the investment brochures.
Any change in law and regulatory affairs may impact your investments. You understand the legal obligations and tax affairs including making any applicable filings and payments and complying with any applicable laws and regulations.
Tax advisory services are provided by the third party empanelled CA firms or entities or individuals. For availing the tax advisory and related services ("Services") (as defined below) referred by Wright Research, you acknowledge and agree to the Terms of Services mentioned hereinbelow. These Terms of Services shall form a binding agreement between you and Wright Research, and you shall be obliged by the same.
For the purposes of these Terms of Services, "Services" shall mean, facilitating and referring assistance in tax computation and filing of income tax returns, and providing income tax advisory and support services (including tax audit) through its empanelled chartered accountants, by Wright Research.
In order to avail the Services, you shall with your explicit consent provide necessary information to the CA directly or via the Application.
You agree that any information you give to Wright Research for availing the Services shall always be
accurate, factually correct and up to date. You shall be solely responsible for any liabilities arising due to wrongful representation of information, and Wright Research shall not be liable for any loss or damage caused to you in any such circumstances.
You agree to avail the Services only for the purpose that are permitted under the applicable laws.
You agree and acknowledge that Wright Research provides no guarantee or warranty on the correctness of your income tax returns, audit carried out by its empanelled chartered accounts, and tax planning and tax advisories. You agree to carry out your own review of your income tax return and audit reports for ensuring correctness and apply your own judgment on the tax planning and tax advisories.
You agree that you shall be solely responsible for (and that Wright Research has no responsibility to you or to any third party for) any breach of your obligations under these Terms of Services and for the consequences (including any loss or damage which Wright Research may suffer) due to any such breach. You hereby agree to indemnify Wright Research, its directors, employees and representatives for the liabilities (if any, including error occurred at the time of filing your returns);
You also agree and acknowledge that the tax planning and tax advisories rendered to you is based on own methodologies and independent professional judgment of the tax consultants empanelled with Wright Research, basis their own interpretation of the facts and information as furnished by you. Wright Research does not guarantee any future performance of such advisories or the success of any investment or transactional decision taken by you pursuant to such advisories, and therefore, you may consider applying your own judgment and/or seek further independent expert advise on such services. Wright Research shall not be liable to you or any third party for any loss and damage that you or any such third party may suffer by reason of such investment or transactional actions by you.
Whilst every reasonable precaution has been taken to ensure the accuracy, security and confidentiality of data and information available in the website of Wright Research, Wright Research shall not be held responsible for any consequence due to the actions carried out by you or any unauthorized person.
You acknowledge and agree that Wright Research may stop (permanently or temporarily) providing the Services (or any features within the Services) to you or to users generally at its sole discretion, without prior notice to you. You may also at your own discretion stop using the Services at any time.
If you are using the Services for other person(s) / entity(ies), you agree to do so after taking consent of such person(s) / entity(ies) and after fully understanding the implications of the same. Wright Research shall not be responsible if the same is done without the knowledge and consent of such person(s) / entity(ies).