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Terms and Conditions

These terms and conditions (“Terms and Conditions”) are applicable to the existing investors of HDFC AMC(hereinafter referred to as the “Investor”, which expression shall unless repugnant to the context and meaning thereof be deemed to mean and include his/her legal heirs, administrators and executors).

In favour of:

HDFC Asset Management Company Ltd a company within the meaning of the Companies Act, 1956 having its registered office at HDFC House, 2^nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai 400020, hereinafter referred to as “HDFC AMC” (which term shall unless the content otherwise provides include its successors and assigns).

The Investor hereby irrevocably and unconditionally agrees and acknowledges that it has read, understood and agreed to be bound by the following terms and conditions without any limitation or qualification, and shall comply with all applicable laws and regulations in relation thereto.

 

INBOUND AND OUTBOUND CALLING FACILITY

The Investor understands that HDFC AMC is providing a facility to its Investors to undertake Transaction(s) (defined hereinafter) and/or conclude or confirm Transactions already initiated through other electronic modes (by the Investor itself or a distributor), on phone / Interactive Voice Response (IVR) where either the Investor calls the toll free number of authorized call centre(s) of HDFC AMC (“Inbound Calling Facility”) or HDFC AMC through its authorised call centre calls the Investor(“Outbound Calling Facility”)for SIP renewals and such call is made from or to, as the case may be, the mobile number of the Investor registered with HDFC AMC (“Registered Mobile Number”) or from any other mobile/ landline number by the Investor (“Other Number”).

Inbound Calling Facility and Outbound Calling Facility shall hereinafter collectively be referred to as Facility.

• Pursuant to the instruction/request made by the Investor through the Facility (“Instruction”), HDFC AMC has carried out/ will be carrying out: (i)lump sum purchase where there is an existing one-time mandate (OTM);(ii) lump sum purchase where there is no registered OTM; (iii) switch; (iv)redemption; (v)Systematic Investment Plan(SIP) registration; (vi) cancellation of SIP (as and when the facility is made available); (vii) SIP renewals (in case of Outbound Calling Facility); and/or (viii)any other transaction that HDFC AMC shall, at its sole discretion make available to the Investor to be undertaken through the Facility (each a “Transaction”).
• Subject to any change in the process as may be determined by HDFC AMC at its sole discretion, the Investor shall undertake the Transactions and provide Instructions through the Facility in the following manner:
• In case of lumpsum purchase, by making a purchase of or an investment in a scheme, plan and/or option as per the Instruction of the Investor pursuant to completing the payment process through the following modes:
• Through net banking of the relevant bank of the Investor (and through the net banking of the distributor in the event the distributor is a bank)wherein a link will be sent to Investor’s email for the Investor to complete the payment; or
• Through a one-time mandate (OTM), in case of a valid OTM registered in the Investor’s folio.
• In case of SIP registration, by registering for a SIP for the scheme, start date, debit date, frequency, tenure and amount as per the Instruction of the Investor in the respective folio pursuant to completing the payment process through the following modes:
• Through net banking of the relevant bank of the Investor (and through the net banking of the distributor in the event the distributor is a bank)wherein a link will be sent to Investor’s email for the Investor to complete the payment;
• Through one-time mandate (OTM), in case of a valid OTM registered in the Investor’s folio for SIPs; or
• Through SIP Registration Number (SRN), in case where OTM is not registered, by adding HDFC Mutual Fund as a biller in the net banking of the relevant bank of the Investor (and through the net banking of the distributor in the event the distributor is a bank).
• In case of a switch by making a change in the existing scheme or plan or option that the Investor holds or is subscribed to.
• In case of redemption, by redeeming unit(s) of a scheme held by the Investor in accordance with the Instruction of the Investor.
• In case of cancellation of SIP (as and when the facility is made available), by cancelling such SIP scheme that the Investor is subscribed to or registered for as per the Instruction of the Investor.

Provided that HDFC AMC shall for any of the above Transactions, at its sole discretion, modify the process or manner for carrying out the Transaction and/or for completing the payment.

• The Investor hereby agrees that non-financial transactions will not be allowed to be undertaken through the Facility.
• The Investor hereby agrees that each type of Transaction through the Facility shall be subject to a limit of INR 5,00,000 per day or such other limit as may be prescribed by HDFC AMC from time to time, however this limit shall not apply to switch, SIP registration and SIP renewal transactions. HDFC AMC however reserves the right to impose limits on any Transactions through the Facility at its sole discretion without prior written notice to the Investor.
• The Investor hereby agrees that HDFC AMC shall have the right to disallow and not process any Transaction through the Facility in the event the said Transaction violates the limits applicable to the Transaction including as mentioned hereunder.

 

ELIGIBILITY OF INVESTOR

• The Investor hereby agrees and undertakes that the Investor shall use the Inbound Calling Facility and Outbound Calling Facility only if the Investor fulfils the each of the eligibility criteria as given below and shall otherwise not avail of the Inbound Calling Facility or Outbound Calling Facility:
• The Investor is a major;
• The Investor is of sound mind, solvent and competent to contract;
• The Investor is a resident of India;
• The Investor is present within the territory of India at the time of availing the Inbound Calling Facility and Outbound Calling Facility and giving the Instruction
• The Investor is an individual and mode of holding of the Investor is single/ anyone or survivor; and
• The relevant mandatory details e.g.FATCA, KYC, PAN etc. of the Investor are updated in the system of HDFC AMC.

 

SCHEMES SUPPORTED

The Inbound Calling Facility and Outbound Calling Facility shall be applicable to the following schemes for the below Transactions and as amended from time to time:

• In case of SIP Renewals: This Inbound Calling Facility and Outbound Calling Facility shall be available for below transactions in existing folios of all schemes of HDFC Mutual Fund other than Exchange Traded Funds, HDFC Liquid Fund, HDFC Overnight Fund, and HDFC Children’s Gift Fund.
• In case of other transactions covered under this facility other than SIP Renewals: The Inbound Calling Facility and Outbound Calling Facility shall currently be available for below transactions in existing folios of all schemes of HDFC Mutual Fund other than Exchange Traded Funds, HDFC Liquid Fund, HDFC Overnight Fund, , HDFC Children’s Gift Fund and HDFC Retirement Savings Fund.

 

APPLICABLITY OF THE TERMS AND CONDITIONS AND AUTHORITY TO HDFC AMC

• The Investor hereby accepts and agrees that the Inbound Calling Facility and Outbound Calling Facility, initiated either by HDFC AMC or the Investor, will be governed by and subject to these Terms and Conditions. Further, the Investor hereby agrees that the Investor grants express authority to HDFC AMC for carrying out the Transaction in accordance with the Instruction of the Investor received by HDFC AMC through the Registered Mobile Number or Other Number. HDFC AMC shall have no obligation to authenticate the Investor or to verify the identity of any Investor once it receives any Instruction through the Investor’s Registered Mobile Number. However, in case HDFC AMC receives an Instruction on behalf of the Investor from any Other Number, HDFC AMC shall authenticate the Investor through a one-time password (OTP) sent to the Investor’s Registered Mobile Number and the successful verification of the said OTP by the Investor shall be deemed to be sufficient authentication of the Other Number of the Investor and HDFC AMC shall have no obligation to further authenticate the Investor or to verify the identity of any Investor once it receives any Instruction through the Investor’s Other Number after such OTP verification/ authentication. HDFC AMC's own record or log of transactions maintained through computer systems or otherwise shall be accepted as conclusive and binding for all purposes.
• Further, the Investor agrees and accepts that HDFC AMC reserves the right to provide only such Transactions as HDFC AMC may at its discretion permit from time to time. HDFC AMC may also advise the availability/non-availability of any particular Transaction and/or Instruction, through the Inbound Calling Facility or Outbound Calling Facility, at its sole discretion.
• HDFC AMC will have no liability in case of any fraud or impersonation incidents for any Transaction.
• The Investor hereby agrees and acknowledges that HDFC AMC shall, at its sole discretion, have the right to discontinue any or all of the Instructions through Inbound Calling Facility or Outbound Calling Facility, without prior notice to the Investor.

 

IMPORTANT

The Investor unconditionally and irrevocably agrees to the following:

• That all the Transactions are subject to the terms and conditions as applicable to the respective Transaction, which are available on the website hdfcfund.com and the Investor shall be deemed to have read, understood and accepted those terms and conditions.
• That all the Transactions are subject to applicable law and the rules, regulations, notifications, circulars and guidelines introduced or amended from time to time by any regulatory/ statutory/ governmental authority.
• That the Transaction shall take place in accordance with the standard cut off time.

 

For Transactions other than Purchases through Net Banking: The time when the request for transaction of units is received in the servers of HDFC AMC/RTA (i.e. when the transaction is punched into system by the call centre executive after receiving confirmation from the Investor during the call) will be considered for the purpose of time stamping and determining the applicability of NAV.

 

For Purchase Transactions through Net Banking: In case of subscriptions through net banking of the relevant distributor bank, the time of receipt of funds into the scheme’s bank account will be considered for the purpose of time stamping and applicability of NAV.

• Further, NAV would be allotted based on the realization/ availability of funds for utilisation, wherever applicable, as per the extant SEBI (Mutual Funds) Regulations and Guidelines as amended from time to time.
• The request for transaction is to be considered as accepted only on issuance of the confirmation by HDFC AMC on the Registered Mobile Number/ Other Number and / or email id of the Investor and subject to realization of funds towards purchases.
• The Investor hereby agrees and acknowledges that any Instruction towards a Transaction for redemption, switch and/or cancellation of SIP, scheme and/or unit shall be undertaken by HDFC AMC only if the said SIP, scheme and/or unit is free from any pledge, charge, lien, attachments, security interest or any other encumbrance and no actions, suits, proceedings, investigations, litigation, arbitration or administrative proceedings of any kind in any court or before any arbitrator or any other governmental authority are at present ongoing or pending or threatened, in relation thereto. 
• That the Investor shall not use the Inbound Calling Facility and Outbound Calling Facility for anything that is:
• Obscene, vulgar, or pornographic, immoral, illegal, illicit, unethical, anti-social etc.;
• Encourages the commission of a crime or violation of any law;
• Violates any state or federal law in India;
• Infringes the intellectual or copyrights of a third party; or
• Constitutes confidential information and/or personal or sensitive information/ data belonging to the Investor or to any other person.

 

SECURITY MEASURES

• The Investor is responsible for keeping security safeguard of his Registered Mobile Number. The Investor hereby unconditionally and irrevocably understands and agrees that the Investor must: a) keep the passwords to his device which contains the Registered Mobile Number (“Device”) fully and strictly confidential and shall under no circumstance reveal any of the password(s) to any other person; b) commit the password to memory and not record any of them in a written or electronic form; c) not let any unauthorized person have access to his Device; d) put in place a passcode or password or PIN or a security key of similar nature to lock/ restrict access to his Device and secure it from any unauthorized access and not share such passcode/ password/ PIN/ security key with any other person; e) not remove the restrictions that may be imposed by the Device provider on the Device; f) take adequate precautions from any ransomware, malware, virus or any other security threat from entering the Device, including installing adequate anti-virus protection; g) at all times be solely responsible for the protection and safekeep of his SIM card, Device and the applications installed thereon.
• The Investor hereby fully agrees that HDFC AMC shall in no manner be liable for any direct or indirect or consequential or other loss occurring out of any action or omission because of compromise of the above.
• The Investor hereby understands that using the Inbound Calling Facility and Outbound Calling Facility for Transactions may carry extra risks as they may be subject to the risk of being read, heard, interrupted, intercepted, or defrauded by third party or otherwise subject to manipulation by third party or involve delay in transmission. HDFC AMC shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with the same.
• The Investor understands that his Device may be vulnerable to the threats such as but not limited to: (i) unauthorized access by intruders to such Device; (ii) identity theft; (iii) privacy violations; (iv) planting of stealth software, malware, viruses etc; (v) disablement or distortion of operations; (vi) interception of call/ IVR etc. HDFC AMC shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with using of the Inbound Calling Facility or Outbound Calling Facility.
• The Investor also agrees and accepts that any person having access to any such the Investor’s Registered Mobile Number/ Other Number/ authentication form factor(s), shall be deemed to be duly authorized by the Investor and acting for and on behalf of the Investor, with the authority and intention to bind the Investor irrevocably with any actions pursuant thereto including the acceptance of these Terms and Conditions, vis-à-vis HDFC AMC.
• Provided however that HDFC AMC shall not be required to authenticate the Investor, if any Instruction is received by HDFC AMC from the Registered Mobile Number or from the Investor’s Other Number, HDFC AMC shall be entitled to presume that it is the Investor itself and not any other person who is interacting through the Registered Mobile Number or Other Number, as the case may be.

 

RISKS

The Investor hereby acknowledges that the Investor is availing the Inbound Calling Facility and Outbound Calling Facility at his own risk and the Investor shall not hold HDFC AMC responsible or liable for any of the risks.  Apart from the risks mentioned above, these risks would include but not be limited to the following:

 

Misuse of Investor’s Registered Mobile Number:

The Investor acknowledges that if any third person obtains access to the Investor's Device or SIM card of the Registered Mobile Number, such third party may be in a position to make Transactions and give Instructions to HDFC AMC which may adversely impact the Investor. The Investor shall at all times ensure that the Terms and Conditions applicable to the use and security of the Device and Registered Mobile Number and SIM thereof are strictly complied with at all times.

 

Mistakes and Errors:

The Investor hereby agrees that for availing of the Facility and undertaking any Transaction, HDFC AMC would require proper, accurate and complete details to be provided to HDFC AMC. For instance, the Investor is aware that in case of cancellation of a scheme the Investor would be required to provide HDFC AMC with the SIP scheme name and other relevant details. In the event of any inaccuracy in such information shared by the Investor, the Investor acknowledges that the Investor may be given responses or provided information which may not be applicable to him or may not be provided a satisfactory response, and the Investor agrees that in such a scenario HDFC AMC shall not be liable for any loss to the Investor in this regard. The Investor shall therefore take all care to ensure that there are no mistakes and errors in the Instruction given by the Investor to HDFC AMC. The Investor agrees that HDFC AMC is providing the Inbound Calling Facility and Outbound Calling Facility to the Investor at the Investor’s sole risk. The Investor agrees that HDFC AMC shall not be liable for any loss, damages or consequences whatsoever arising due to any false, misleading, inaccurate, erroneous or incomplete information or any delay in executing the instructions for reasons beyond the control of HDFC AMC. The Investor(s) shall check his/ her bank account records, account statements/email or SMS confirmations carefully and promptly. If the Investor(s) believes that there has been a mistake in any Transaction using the Inbound Calling Facility or Outbound Calling Facility, or that an unauthorized Transaction has been effected, the Investor(s) shall notify HDFC AMC immediately by send a request to [email protected] or submit a letter to any of our ISCs. However, notwithstanding anything contained herein, the Investor hereby agrees and acknowledges that HDFC AMC in no event guarantees any modification, cancelation and/or withdrawal of the Transaction once effected.

 

Technology Risks:

The Instructions and Transactions are implemented through various systems and such systems or the technology enabling these systems could be affected by ransomware, virus or other malicious, destructive or corrupting code, program or macro or any other security threat. Further, it may be possible that Inbound Calling Facility or Outbound Calling Facility or the said systems may require maintenance and during such time it may not be possible to process the Instruction of the Investors. This could result in delays in the processing of Instructions or failure in the processing of Instructions and other such failures and inability. The Investor understands that HDFC AMC disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by HDFC AMC to honour any Investor Instruction for any reason whatsoever including in case of any maintenance.

The Investor unequivocally and unconditionally understands and accepts that HDFC AMC shall not be responsible for any of the aforesaid risks. The Investor also accepts that HDFC AMC shall disclaim all liability in respect of the said risks.

 

ACCURACY OF INFORMATION

The Investor agrees that the Investor is responsible for the correctness of information supplied to HDFC AMC in the course of giving the Instruction. HDFC AMC accepts no liability for the consequences arising out of erroneous information supplied by the Investor. The Investor agrees that if the Investor notices any error in any information supplied to the Investor, the Investor shall inform HDFC AMC of the same, as soon as possible. HDFC AMC will endeavour to correct the error promptly. However, HDFC AMC shall be under no obligation to do the same.

 

LIABILITY

• The Investor agrees that the Investor shall be liable for all loss from unauthorized uses of his Registered Mobile Number/ Other Number and/or for any breach of these Terms and Conditions or if the Investor has in any way contributed or caused the loss by negligent actions including the following:
• Keeping a written or electronic record of the Investor’s Device password;
• Providing access to any other person to the Investor’s Registered Mobile Number;
• Losing the SIM card of the Registered Mobile Number;
• Not advising HDFC AMC in a reasonable time about unauthorized access to or erroneous transactions/ use of his Registered Mobile Number.
• HDFC AMC shall not be responsible or liable to the Investor or any third party for the consequences arising out of or in connection with using of Inbound Calling Facility and Outbound Calling Facility, including for any reasons aforesaid and the entire liability and responsibility due to any of the aforesaid shall completely be on the Investor above.
• HDFC AMC shall not be liable for any damages, losses (direct or indirect) whatsoever, due to disruption or non-availability of the Facility or any Transaction/s due to technical fault/error or any failure in telecommunication network or any error in any software or hardware systems, non-availability of call centre agent due to any reason whatsoever; or incorrect contact number; any error, defect, failure or interruption in the provision of the Inbound Calling Facility or Outbound Calling Facility or Instruction arising from or caused by any reason whatsoever; any breach or non-compliance by the Investor(s) of terms and conditions stated herein or in the Scheme Information Document or Statement of Additional Information or Key Information Memorandum; acceptance of instructions given by any one of the Investor in case of joint holding having mode of operations as "anyone or survivor"; not carrying out any such Instructions where the AMC has reason to believe otherwise, Instructions given are not genuine or are otherwise improper, unclear and/or vague.

 

PRIVACY POLICY

The Investor has read, understood and accepted the Privacy Policy of HDFC AMC which can be found at "https://www.hdfcfund.com/privacy-policy" (“PrivacyPolicy”). All the changes thereto from time to time by HDFC AMC shall be binding on the Investor and the Investor shall update itself periodically for the privacy policies in force then from time to time by using HDFC AMC’s website for this purpose.

 

INDEMNITY

The Investor undertakes to indemnify and keep HDFC AMC and its officers/employees fully indemnified and harmless from and against all the consequences of breach of any of the terms, conditions, statements, undertakings representations and warranties of these Terms and Conditions as also of any of its representations or warranties not being found to be true at any point of time, including any actions, notices, suits, claims, proceedings, damages, liabilities, losses, expenses, costs or taxes faced, suffered or incurred by HDFC AMC including from any third parties.

 

ELECTRONIC MODE INDEMNITY

• The Investor hereby understands and acknowledges that the telephone/ IVR/ call/ internet/any other digital or electronic mode (“ElectronicModes”) are not encrypted and Electronic Modes are not secure means of transmission. The Investor further acknowledges that sending instructions via the telephone/ IVR/ call/ internet/ online/ on websites/ emails/ SMS (hereinafter referred to as “Virtual Instructions”) which are not electronically signed is an unsecure means of transmitting information. The Investor acknowledges and accepts that such unsecure transmission methods involve the risk possible unauthorized alteration of data and/ or unauthorized usage/ transmission therefore for whatever purposes. The Investor agrees to exempt HDFC AMC from any and all responsibility/ liability of such misuse and not to hold HDFC AMC responsible for any such misuse and further indemnify HDFC AMC and agree to keep HDFC AMC indemnified, saved and harmless, from time to time and at all times from and against any and all claims, losses, damages, costs, liabilities, charges, actions, suits, demands, penalties and expenses or other consequences incurred, suffered or paid by HDFC AMC or required to be incurred, suffered or paid by HDFC AMC and also against all demands, actions, suits, proceedings made, filed instituted against HDFC AMC, pursuant to, in connection with or arising out of or in relation to:
• HDFC AMC acting or refraining to act pursuant to, in accordance with or relying upon, any instructions via the telephone/ IVR/ call/ internet/ online/ on websites/ emails/ SMS or otherwise pursuant to the request and authority conferred herein; and/or,
• HDFC AMC acting pursuant to, in accordance with or relying upon any Virtual Instructions received by HDFC AMC in accordance with the provisions of these Terms and Conditions; and/or,
• Any unauthorized or fraudulent Virtual Instruction received by HDFC AMC; and/ or non-receipt of any Virtual Instruction claimed to have been sent by me; and/ or
• Any errors, delays or problems in transmission or unauthorized/ illegal interception, alteration, manipulation of call or telephonic or electronic data or otherwise caused by using the telephone or call or IVR or internet as a means of transmission.
• The indemnity provided in Clause 11.1 above is without prejudice to HDFC AMC’s other right, privileges, powers and remedies in law and HDFC AMC may delay enforcing its right without at any time losing them and any waiver of a right by HDFC AMC hereunder or available to it by law, shall not be deemed to be a waiver of any other rights or of the same right at another time.

 

WITHDRAWAL OF THE FACILITY OR ANY TRANSACTION

HDFC AMC shall be entitled to withdraw/ discontinue/ suspend/ disallow the use of any of the Inbound Calling Facility and/or Outbound Calling Facility and any or all of the Transactions enabled through the Facility at any time, at its sole and absolute discretion without need for any permission from or notice to the Investor.

 

BINDING NATURE OF TERMS AND CONDITIONS

The Investor agrees that by using the Facility and/or  providing any Instruction to HDFC AMC through Registered Mobile Number or Other Number, the Investor shall be deemed to have read, understood and irrevocably and unconditionally accepted and agreed to all these Terms and Conditions and the Privacy Policy of HDFC AMC and such Terms and Conditions and Privacy Policy of HDFC AMC shall be binding on the Investor in the same manner as if the Investor has agreed to the same in writing.

 

NOTICES

• HDFC AMC may give notice to the Investor under these Terms and Conditions as follows:
• Electronically to the email id and/or mobile number of the Investor registered with HDFC AMC. Such notices will be regarded as being in writing.
• In writing by delivering them by hand or by sending them by post to the last address given by the Investor.
• In case of any queries the Investor can contact the investor service centres or write to HDFC AMC at www.[email protected]
• In addition, HDFC AMC may also publish notices of general nature, which are applicable to all Investors using the Facility on its website. Such notices will have the same effect as a notice served individually to the Investor.

 

GOVERNING LAW AND DISPUTE RESOLUTION

• These Terms and Conditions and/or the use of the Inbound Calling Facility and Outbound Calling Facility shall be governed by the laws of the Republic of India and no other nation. The Investor agrees to submit to the jurisdiction of the Courts located in Mumbai, India as regards any claims or matters arising under these Terms and Conditions.
• HDFC AMCs accepts no liability whatsoever, direct or indirect, for non-compliance with the laws of any country other than the Republic of India. The mere fact that the Inbound Calling Facility and Outbound Calling Facility may be accessed 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.

 

GENERAL

The clause headings in this agreement are only for convenience and do not affect the meaning of the relative clause. The Investor shall not be entitled to assign this agreement to any other person. HDFC AMC may subcontract and employ agents to carry out the Inbound Calling Facility and Outbound Calling Facility or for any incidental purposes. HDFC AMC may assign, transfer, any of its rights and/or obligations or any part thereof to any persons at its discretion without any requirement for notice to or permission from the Investor.

 

DECLARATION

• The Investor hereby agrees and undertakes that the Investor isan eligible investor(s) as per the scheme related documents and is not prohibited by any order/ruling /judgement passed by Securities Exchange Board of India/ any statutory authority or courts in India and/or under anyapplicable laws in India and/or any foreign laws. The amount invested in the scheme(s) is through legitimate sources only and is not for the purpose of contravention and/or evasion of any act, rules, regulations, notifications or directions issued by any regulatory authority in India.
• The Investor hereby consents for providing transactions data feed, portfolio holdings, NAV etc. in respect of  its transactions under Direct Plan to the RIA registered in the concerned folio, if applicable.
• The AMFI registered distributor has disclosed to the Investor all the commissions (in the form of trail commission or any other mode), payable to the Investor for the different competing schemes of various Mutual Funds from amongst which the scheme is being recommended to the Investor.
• The Investor hereby confirms that the Investor has not been offered/ communicated any indicative portfolio and/ or any indicative yield by HDFC AMC and/or its distributor for this investment.

 

ACCEPTANCE AND SIGNING

The Investor hereby agrees and confirms that the Investor hasgiven the Instruction for the Transaction on phone/call/IVR. The Investor hereby confirms, completes and signs the Instruction and these Terms and Conditions by way of way of giving its oral consent on the phone/ call/ IVR in token of having read, understood and irrevocably agreed and accepted the Instruction for the Transaction and these Terms and Conditions. HDFC AMC has sent or will send the relevant details of the Instruction and the Transaction along with a link to and/or a copy of these Terms and Conditions by way of SMS to the Investor on his/her Registered Mobile Number and by way of an email communication to the email id registered with HDFC AMC.

 

Accordingly, the acceptance to these Terms and Conditions has been made and recorded as under:

• The  Investor has already accepted these Terms and Conditions and the Instruction for the Transaction by way of giving oral consent on call/ phone/ IVR and the said oral consent shall (without any further act, deed or writing on part of the Investor) amount to irrevocable and unconditional acceptance of these Terms and Conditions and the Instruction as under by the Investor:
• The Investor has read, verified, understood, irrevocably agreed to and accepted all the terms and conditions contained in Clauses 1 to 18 (including sub clauses) above.
• No other/further act, deed or writing on the part of the Investor shall be required for acceptance as above including any different or physical signature for these Terms and Conditions. HDFC AMC also does not require signing these Terms and Conditions in any physical form.
• HDFC AMC may produce electronic records in any such form at the sole discretion of HDFC AMC, this document and the Investor’s acceptance and signing including by way of oral consent as aforesaid, and the same shall be fully binding on the Investor and the Investor have no objection to such electronic records with HDFC AMC being produced by it in evidence in any court, tribunal or otherwise, to prove the acceptance, execution as well as the contents of the contract.