Mutual Fund Terms and Conditions

1. INTRODUCTION

Angel One ("we," "our," or "us"), a SEBI-registered mutual fund distributor of dematerialized and physical Mutual Fund products and has AMFI registration number ARN-77404. By accessing or using the platform (the "Platform"), you ("User" or "Client") agree to comply with and be bound by these Terms and Conditions ("Terms"). These Terms govern your use of our services, which facilitate the purchase and management of mutual funds on the Platform. Please read these Terms carefully before using the Platform, as they form a legally binding agreement between you and the Angel One. Your continued usage of The Platform for purchase and management of mutual funds constitutes Your acceptance of these Terms, Platform terms and conditions available here (“Platform Terms”) and any additional terms that we may make available to You and are contractually binding on You.

2. ACCESS TO PLATFORM

You may access the Platform after being referred through an authorized representative appointed by Angel One to provide services on its behalf (“Institutional Client”), or you may choose to directly access the Platform as an individual user (“Retail Client”). In either case, for accessing the Platform, You are required to create an account with Angel One in accordance with the below mentioned terms. (“Account”). Your interactions and transactions will be conducted directly through the Platform. 

3. OUR SERVICES:

We offer following services to our Institutional Clients and Retail Clients (“Services”):

1. Institutional Clients:
   1. We offer regular mutual funds exclusively to our Institutional Clients who are referred to the Platform by our authorized representatives ("ARs"). Institutional Clients can invest in mutual funds in either dematerialized ("demat") or non-dematerialized ("physical") form.
   2. Angel One offers distribution of regular mutual fund product to its institutional clients through its ARN license.
   3. Demat-based Investments: Institutional Clients investing in mutual funds through demat accounts will have to open a demat account with Angel One in accordance with the Platform Terms.
   4. Non-Demat-based Investments: For Institutional Clients opting for physical form (non-demat), mutual fund units will be issued by the respective Asset Management Companies ("AMC") and shared with the Institutional Client in the form of Statement of Accounts. To assist with tracking and managing their investments, we offer Institutional Clients access to their Statements of Account, which detail all mutual fund investments made through the AMCs. 
2. Retail Clients:
   1. We offer direct mutual funds to our Retail Clients. However, Retail Clients can only invest in mutual funds in dematerialized (demat) form. This means that Retail Clients must have an active demat account to facilitate their mutual fund transactions. If you do not currently have a demat account, you are required to open one through the Platform prior to making any mutual fund investments.

4. ACCOUNT CREATION

1. Both Institutional Clients and Retail Clients (collectively referred to as "Clients") are required to register on the Platform to create an Account in order to access and utilize our services.
2. Institutional Client Registration: Institutional Clients who are referred by Authorized Representatives ("ARs") must register on the Platform using the referral link or code provided by the AR. This process ensures proper tracking and association of referrals.
3. Retail Client Registration: Retail Clients are required to create an Account directly on the Platform. This involves completing the registration form available on the Platform with the necessary information.
4. Information and Documents Required: At the time of creating Your Account and/or at any time during the utilisation of Our Services, You will be required to provide any and/or all of the following information and/or documents (“Client Data”): 
1. Personal Details: Name, gender, residential or correspondence address, telephone number, date of birth, marital status, email address, or other contact information;
2. Identification Documents: PAN card number, Aadhaar number, KYC status, signature, and photograph;
3. Financial Details: Bank account or other payment instrument details, and any other information necessary for providing services.
4. Nominee Details: Name, Date of birth, KYC document of the Nominee, address, gender, Your relationship with the nominee and percentage share (as applicable).
5. Demat Account Information: Proof of your existing demat account or, if you do not have one, the requirement to open a new demat account through the Platform.
5. KYC (Know Your Customer) Process:
   1. Before initiating any transactions on the Platform, it is mandatory for You to complete the Know Your Customer (KYC) process in accordance with the regulations set forth by the Securities and Exchange Board of India (“SEBI”) and made available by us on the Platform. This process is essential to establish your identity, address, and other necessary details for ensuring compliance with applicable laws and regulations. Please note that failure to complete the KYC process will result in the inability to access certain features or execute transactions on the Platform
   2. You expressly consent to our use of your personal information and identification documents for the purpose of completing your KYC process. This may include sharing your information with government portals and other relevant entities as required by applicable laws to retrieve your KYC details.
   3. You acknowledge and agree that all Client Data will be stored, processed, transferred, and destroyed in accordance with our Privacy Policy, which can be accessed here.
   4. By registering on the Platform, You confirm that all information provided is accurate and truthful. Misrepresentation or submission of false information will result in termination of services and potential legal consequences.
   5. Your KYC information will be verified against official government databases to authenticate the details provided during registration. We will also conduct periodic re-verification of your KYC information to ensure that it remains accurate and up-to-date in compliance with SEBI and other applicable regulatory guidelines. You may be required to update or provide additional KYC information if there are any changes in the details you originally submitted (e.g., change in address or contact information). Failure to comply with requests for updated information or re-verification could result in restricted access to the Platform or suspension of your Account until the required verification is completed.

5. ELIGIBILITY

1. You agree to access the Platform only if you are not legally restricted from transacting in mutual funds, whether online or otherwise.
2. The distribution of mutual funds may be subject to restrictions or prohibitions in certain jurisdictions due to regulatory requirements. You agree to notify us if you are prohibited or restricted from investing in any Mutual Funds.
3.  You must be of legal age (18 years or older) and have the legal capacity to enter into contracts under the applicable law.

6. MUTUAL FUND INVESTMENT SERVICES

1. Investments by Institutional Clients: If You are an Institutional Client referred to the Platform by ARs, 
1. You are solely responsible for completing the mutual fund investment process, including reviewing, selecting, and submitting your investment orders via the Platform. This process includes the proper selection of mutual fund schemes and completion of any required formalities to ensure the successful execution of the investment.
2. You have the option to hold the mutual fund units in either dematerialized or non-dematerialized form. If You opt for demat holdings, then You must have a valid demat account, while if You opt for physical form, You will receive mutual fund units in the form of a Statement of Account issued by the respective Asset Management Companies. For Your ease, we will fetch this information from the AMCs and make it available to You on the Platform.
2. Investments by Retail Client: If You are a Retail Clients: 
1. You are eligible to invest in direct mutual fund schemes. However, all mutual fund investments must be held in dematerialized form only.
2. All mutual fund units purchased by You will be stored exclusively in Your demat account. You acknowledge that no physical units (Statement of Account) will be issued under any circumstances, however, You will be able to view a consolidated view of all your mutual fund investments on the Platform. The demat account will serve as the official repository of all mutual fund holdings, and all investment and redemption transactions will be subject to SEBI guidelines, depository rules, and the specific terms of the AMC governing the demat account.

7. CUT OFF TIME AND NET ASSET VALUE

1. To qualify for the applicable Net Asset Value (NAV) on the transaction date, You must place all mutual fund investment and redemption orders in strict compliance with the cut-off times specified on the Platform. The applicable NAV for any mutual fund transaction will be determined based on the cut-off times provided by the AMCs. To ensure that You receive the NAV for the same business day, orders must be submitted before the specified cut-off time. Transactions submitted after the cut-off time will be processed on the following business day, with the NAV applicable to that day.
2. The cut-off times displayed on the Platform are determined by the respective AMCs in accordance with applicable laws and regulations. Angel One will display these cut-off times as provided by the AMCs and ensure that all investment or redemption requests submitted through the Platform are processed accordingly. It is Your responsibility to monitor the cut-off times and ensure timely submission of transactions to obtain the desired NAV. Any delays in submitting Your order may result in the NAV of the following business day being applied.

8. AUTHORISED REPRESENTATIVES

1. Authorized Representatives (ARs) are certified individuals appointed and authorized by Angel One to act as intermediaries solely for the purpose of referring clients to the Platform. ARs are responsible for facilitating the referral process, ensuring that clients are directed to the Platform where they can complete their mutual fund investment journey. ARs act as a conduit between potential Institutional Clients and Angel One but are not involved in any direct investment transactions or fund management activities. 
2. You acknowledge and agree that ARs are strictly not authorized to provide any form of financial or investment advice, make recommendations on mutual fund schemes, or influence Your investment decisions in any way. The AR’s role does not include managing, advising, or handling funds on your behalf. Any investment decisions made by You must be based on your independent evaluation or consultation with qualified financial professionals. ARs are not licensed financial advisors and any guidance they provide is not to be relied upon for making investment decisions.
3. Angel One does not assume any responsibility for, and expressly disclaims liability arising from, any unauthorized statements, advice, or representations made by ARs that fall outside their scope of authorized referral services. 
4. ARs hereby agrees, acknowledges and undertakes that they shall not engage in advisory or provide recommendations, of any kind whatsoever, directly or indirectly, in respect of or related to a security or securities, unless they are registered with the SEBI to provide such advice or recommendation.
5. AR shall not, under any circumstances whatsoever, make any claim, of returns or performance expressly or impliedly, in respect of or related to a security or securities, unless they have been permitted by the SEBI to make such a claim.

9. PAYMENT TERMS AND CHARGES

1. Direct Payment to Asset Management Companies (AMC): All payments made for the purchase of mutual funds on the Platform shall be directly payable to the respective AMCs. The amount required for the purchase of units will be debited from your bank account and credited to the bank account of Indian Clearing Corporation Limited (ICCL), a wholly owned subsidiary of BSE Ltd. All the amounts will then be transferred to the respective AMCs.
2. Payment Gateway Service Provider: We have appointed a third-party payment gateway service provider to facilitate the processing of payments related to mutual fund transactions. You agree that the payment gateway service provider is selected at Angel One’s sole discretion and may be changed from time to time without prior notice to You
3. Liability and Payment Security: While we strive to ensure secure payment processing through the appointed payment gateway, Angel One does not take responsibility for any technical failures, delays, or errors in processing the payments, including any issues caused by the third-party payment gateway service provider. You are advised to check the transaction status post-payment, and in the event of any discrepancy, contact our customer support immediately
4. Client Responsibility: It is your responsibility to ensure that sufficient funds are available in your designated payment account to cover the investment amount. You agree that Angel One shall not be liable for any failed transactions or delays due to insufficient funds, incorrect details, or issues arising from the payment gateway provider’s systems.
5. Refunds and Cancellations: Refunds or cancellations of transactions, if applicable, shall be governed by the respective AMC's policies. Any requests for cancellation or refunds will be handled directly between You and the AMC, and Angel One shall not be responsible for processing such refunds. 
6. The Platform does not charge any transaction fees for mutual fund investments made by Clients. However, certain fees or charges may apply as imposed by the AMCs or payment gateway providers, which will be disclosed to You, where applicable.
7. For investments in regular mutual funds, distributor fees, commissions, or other charges may be applicable. These fees will be disclosed to You at the time of making the transaction on the Platform. By proceeding with the investment, You acknowledge and consent to the payment of such fees as part of your transaction.
8. All payments for the purpose of mutual fund investments must originate from your personal bank account. You hereby confirm that the funds being used for the investment are legally sourced and compliant with applicable laws. In the case of a joint bank account, You must be one of the account holders and authorized by any co-holders to make such investments. 
9. Investments made through any third-party bank account, i.e., a bank account not mapped to your mutual fund profile with Angel One, may be rejected either by Angel One or the AMC. You agree that any such transactions are solely your responsibility, and You indemnify Angel One from any liability arising from such third-party transactions. 
10. All mutual fund transactions carried out via the Platform are subject to the respective terms and conditions set forth by the AMCs. You acknowledge that Angel One acts solely as a distributor or facilitator for these transactions, and the final terms governing the mutual fund investment are at the discretion of the respective AMCs. 
11. For Non-Resident Indians (NRIs) or Overseas Citizens of India (OCIs), investments in mutual funds must be made in compliance with applicable foreign exchange and banking laws. Funds must be remitted from abroad through approved banking channels and must originate from bank accounts permitted by Indian law for such investments. 
12. Angel One does not receive any commission, remuneration, or distribution fee from AMCs for any investments made in direct mutual fund schemes. 
13. In accordance with the Government of India’s regulations effective from July 1, 2020, a stamp duty of 0.005% will be levied on all mutual fund transactions, including purchases, dividend reinvestments, and switch transactions. The units of mutual funds will be allotted to You net of the applicable stamp duty, and You agree to bear any such charges as required by law.

10. REDEMPTION OF MUTUAL FUND

1. Eligibility for Redemption
   1. To initiate the redemption of mutual fund units via the Platform, You must be a registered client with an active mutual fund investment, either held in dematerialized or non-dematerialized form
   2. Units subject to lock-in periods, such as those in Equity Linked Savings Schemes ("ELSS"), cannot be redeemed until the expiration of the lock-in period, as stipulated by the respective scheme
2. Redemption Process
   1. To redeem mutual fund units, You must log into your Account and select the specific mutual fund scheme from which You wish to redeem units. You will be required to click on Your portfolio and select withdraw and thereafter select the units for redemption. The redemption process is common for both demat and physical mutual fund schemes
   2. You may redeem a specific number of units, a specific monetary amount, or all units held under a particular mutual fund scheme
   3. Once a redemption request is submitted, it is final. You cannot modify or cancel the redemption request after confirmation.
3. Processing Time for Redemption
   1. Redemption requests will be processed based on the cut-off times set by SEBI and Association of Mutual Funds in India (“AMFI”), and the respective AMCs.
   2. Same-Day NAV Application: If the redemption request is submitted before the cut-off time, the Net Asset Value ("NAV") of the same day will be applicable.
   3. Next-Day NAV Application: Redemption requests submitted after the cut-off time will be processed using the NAV of the next business day.
4. Settlement of Redemption Proceeds
   1. Redemption proceeds will be credited directly to your registered bank account linked to your Account. Payments to third-party bank accounts are not permitted.
   2. The settlement period for receiving redemption proceeds typically ranges from 1 to 3 business days, depending on the mutual fund scheme’s terms and conditions.
   3. You are responsible for ensuring that your bank account information is accurate and up-to-date. Angel One will not be liable for any delays or misdirected funds due to incorrect or outdated bank account details.
5. Certain mutual funds may impose a minimum redemption amount or restrict the number of units that can be redeemed at one time. It is your responsibility to ensure that the redemption request complies with the minimum thresholds or other conditions set by the respective mutual fund. Non-compliance may result in delays, rejections, or additional requirements from the AMCs.
   
6. Some mutual funds may levy exit loads or redemption fees, particularly if the units are redeemed within a specific period after purchase, as detailed in the Scheme Information Document (SID) of the respective mutual fund. Angel One does not charge any additional fees for processing redemption requests beyond the exit loads imposed by the mutual fund scheme
7. Redemptions of mutual fund units may trigger capital gains tax depending on the type of mutual fund (equity or debt) and the holding period of the investment. Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) will apply according to current tax laws. It is your responsibility to understand and comply with applicable tax laws related to mutual fund redemptions. Angel One does not offer tax advice, and You are encouraged to consult with a qualified tax professional.
8. Angel One reserves the right to reject redemption requests under circumstances including, but not limited to, non-compliance with SEBI regulations or mutual fund scheme guidelines, incomplete or inaccurate information, or flags due to technical issues, potential fraudulent activity, or legal restrictions. We will notify You of the rejection and provide the necessary details, where applicable.

11. YOUR RESPONSIBILITIES:

1. You must ensure that all personal, financial, and bank-related information provided on the Platform is accurate, complete, and regularly updated. Any inaccuracies in this information may lead to delays or issues in processing transactions, for which Angel One will not be liable.
2. You are responsible for completing and maintaining KYC compliance as required under applicable laws and regulations. Failure to maintain KYC compliance may lead to suspension or rejection of transactions.
3. You understand and acknowledge that all mutual fund investments carry inherent risks, including potential loss of capital. You are responsible for assessing your own risk tolerance and making investment decisions based on your personal financial goals, risk appetite, and thorough research. Angel One does not offer investment advice and will not be liable for any investment decisions made by you.
4. You agree to regularly review and monitor your account statements, transaction history, and portfolio performance. It is your responsibility to bring any discrepancies or issues to the attention of Angel One within a reasonable period of time.
5. You are solely responsible for complying with all applicable tax laws and reporting requirements in connection with your investments. This includes understanding and reporting any capital gains, dividends, or other taxable income resulting from your investments.
6. You acknowledge that mutual fund investments may be subject to fees and charges, such as fund management fees, transaction fees, or expense ratios, which can impact your returns. It is your responsibility to review and understand all applicable fees before making an investment.
7. Prior to making any investments, You are responsible for thoroughly reviewing and understanding all information related to the mutual fund schemes, including but not limited to the Scheme Information Document (SID), Key Information Memorandum (KIM), and any other relevant disclosures provided by the AMC and available on the Platform. It is your responsibility to verify the mutual fund schemes, terms, conditions, and risk factors before making any investments. While Angel One may provide access to fund information, You must independently review fund documents to make informed decisions
8. You acknowledge that all transactions and payments made through the platform will be GST-compliant as per Indian tax laws. You are responsible for confirming tax deductions or benefits applicable to your investments with a qualified tax advisor
9. You agree that all investment transactions made through the platform are legal and valid under applicable laws. It is your responsibility to ensure that your transactions comply with relevant laws and regulations, including those related to anti-money laundering and financial regulations.

12. LIMITATION OF LIABILITY

1. Angel One disclaims any liability for indirect, incidental, consequential, or special damages that may result from the use or inability to use the Platform. This includes, but is not limited to, loss of profits, loss of data, business interruption, or any other intangible losses. Subject to clause 12.3, our liability, if any, shall be limited to the maximum extent permitted by applicable law.
2. The Angel One shall not be liable for any financial loss, data loss, or damages resulting from system failures, technical issues, unauthorized access, or any other circumstances beyond our control.
3. Angel One’s total liability for any claim arising out of these Terms and Conditions or the use of the Platform shall not exceed the total amount received by Angel One as charges in the past 12 months from the date when claim first arose. The Platform is provided "as-is" and "as-available," and Angel One makes no warranties regarding its availability or performance. You acknowledge that your right to file any claim or dispute shall be limited to the period of three (3) years from the date when the claim first arose.

13. INDEMNITY

1. You agree to indemnify, defend, and hold harmless Angel One, including its affiliates, officers, directors, employees, agents, and authorized representatives (collectively referred to as "Indemnitees"), from and against any and all claims, demands, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees and court costs) arising out of or related to:
1. Your breach of these Terms, including any representations and warranties made by you.
2. Your misuse of the Platform or any services provided therein.
3. Your violation of any applicable laws, regulations, or third-party rights in connection with your use of the Platform.
4. Any actions or omissions by You that result in a legal dispute or claim against Angel One or its Indemnitees.
2. This indemnity obligation will apply whether the claims arise from negligence, breach of contract, or any other legal theory. The indemnification obligation will survive the termination of these Terms and Conditions and your use of the Platform.

14. DISCLAIMER

This policy will be governed by and construed in accordance with the laws of India and subjected to the exclusive jurisdiction of Courts of Mumbai.

1. All investments in mutual funds, whether dematerialized or non-dematerialized, are subject to market risks. Mutual fund schemes do not offer guaranteed returns, and past performance is not indicative of future performance.
2. Angel One does not guarantee the performance of any mutual fund investment or the preservation of capital. You may lose part or all of your investment. By using the Platform, You acknowledge and accept the risks associated with mutual fund investments, including but not limited to market fluctuations, liquidity risk, and credit risk.
3. All dematerialized mutual fund investments are held in your designated demat account, and Angel One does not have control over the functioning of your demat account. Your mutual fund holdings and transactions will be governed by the rules and regulations of SEBI, the depository, and the AMCs. Angel One is not responsible for any issues, delays, or failures in processing transactions through your demat account.
4. For non-demat mutual fund investments, the units will be issued in physical form by the respective AMCs. Statements of Account (SOA) will be provided directly by the AMCs, and Angel One does not control the issuance, management, or accuracy of these accounts. We merely facilitate access to the SOA for your convenience and assume no responsibility for discrepancies, delays, or issues in relation to non-demat investments.
5. Authorized Representatives of Angel One serve only in a facilitative role by referring Institutional Clients to the Platform. ARs are not authorized to provide any form of investment advice, manage funds, or influence investment decisions. Any reliance on information provided by ARs is at your own risk.
6. Angel One does not assume responsibility for any unauthorized representations or advice given by ARs. All investment decisions must be made by You through the Platform, and Angel One disclaims any liability for losses or damages arising from actions or representations made by ARs.
7. All payments for mutual fund investments are processed through third-party payment gateways appointed by Angel One. While we take reasonable care to select reputable service providers, we are not responsible for the security, reliability, or functionality of the payment gateway. You agree to use these services at your own risk, and Angel One disclaims any liability for payment failures, delays, or unauthorized transactions.
8. Angel One acts only as a facilitator for mutual fund investments, which are managed by third-party AMCs. We do not have any control over the management, operation, or performance of the mutual funds offered by these AMCs. All mutual fund transactions, including purchases, redemptions, and switches, are subject to the respective terms and conditions of the AMCs.
9. The schemes/services/offers/products made available on this Platform does not and will not constitute an offer to sell or a solicitation of an offer to buy mutual fund units/products to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. You shall be solely responsible to verify whether the usage of this Platform and/or availing the services/facilities/products is in conformity with the applicable laws in their respective jurisdictions
10. We strictly adhere to the Anti-Money Laundering (AML) laws, rules, and regulations in line with SEBI and other applicable regulatory guidelines. Angel One reserves the right to monitor transactions on the Platform for any suspicious activity that could indicate money laundering, fraud, or other illegal activities. In cases where we detect any suspicious or unusual activity, or in cases of non-compliance with AML regulations, we reserve the right to take necessary actions, which may include temporarily suspending or permanently terminating Your Account without prior notice. We may also report such activities to the relevant regulatory or governmental authorities, as required by law.
11. The Angel One does not guarantee the allotment of units at any specific NAV, as it is determined by the AMCs.
12. You expressly agree that Angel One is not liable or responsible for any damages regarding non-execution of orders or any incorrect execution of orders with regard to the funds/instruments chosen by You due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in banking system/payment aggregators, sufficient/insufficient funds in Your bank account which may occur at Your end, Angel One or any exchange platform/bond house/service provider with respect to the execution of such trade via the platform/financial institution towards whom the orders may be placed.
13. Angel One is committed to implementing reasonable measures to ensure that the Platform operates smoothly, with minimal interruptions and errors. However, we do not guarantee that the Platform will be continuously available, error-free, or free from disruptions. The Platform may experience occasional downtime due to maintenance, technical issues, or unforeseen circumstances. 
14. While we take appropriate measures to safeguard your personal and financial information, Angel One does not guarantee absolute protection from unauthorized access, cyber-attacks, or data breaches. You are responsible for securing your account credentials and ensuring safe access to the Platform. Angel One disclaims any liability for unauthorized access or security breaches beyond our control.
15. Angel One may share your personal information with its group companies, subsidiaries, and affiliates in order to enhance services, offer new products, and conduct internal analysis. Additionally, we may share your personal information with third-party service providers such as payment gateway providers, KYC verification services, and technology platforms, all of which assist in the smooth operation of mutual fund transactions through the Platform, For demat or non-demat mutual fund investments, your personal information will be shared with the respective AMCs to facilitate your purchase of mutual fund units, whether in physical or dematerialized form

15. INTELLECTUAL PROPERTY RIGHTS

1. Ownership of Intellectual Property: All content, materials, features, designs, logos, trademarks, trade names, software, and any other intellectual property (collectively referred to as "IP") made available on or through the Platform, including those related to mutual fund services, are the sole and exclusive property of Angel One and/or its affiliates, licensors, or other third-party partners. This includes but is not limited to all written content, data compilations, designs, algorithms, code, graphical elements, and interfaces used in the Platform.
2. Limited License to Access the Platform: Subject to your compliance with these Terms and the Platform Terms, Angel One grants You a limited, non-exclusive, non-transferable, revocable license to access and use the Platform solely for your personal use to invest in mutual funds and other services offered. This license does not include the right to modify, reproduce, distribute, publicly perform, create derivative works from, or reverse engineer any part of the IP.
3. Restrictions on Use: You are expressly prohibited from:
   1. Copying, distributing, or altering any materials on the Platform without prior written consent from Angel One.
   2. Using the IP for any commercial purpose other than as expressly authorized for mutual fund transactions.
   3. Removing, altering, or obscuring any copyright, trademark, or other proprietary notices on the Platform.
4. Protection of Trademarks and Logos: All trademarks, service marks, trade names, and logos displayed on the Platform, including "Angel One," are proprietary to Angel One or their respective owners. Use of any such marks without prior written consent from Angel One or the respective third party is strictly prohibited.
5. Third-Party Content and Intellectual Property: The Platform may contain third-party intellectual property, including but not limited to logos, brand names, or information related to mutual fund companies or authorized representatives. Angel One does not claim ownership of such third-party IP, and its inclusion on the Platform is for informational or functional purposes only, in compliance with applicable laws and agreements.
6. Reservation of Rights: Except as expressly granted herein, no other rights, licenses, or interests are granted to You with respect to the IP, either by implication, estoppel, or otherwise. Angel One reserves all rights not expressly granted under these Terms.
7. Consequences of Unauthorized Use: Any unauthorized use of Angel One’s intellectual property may result in termination of your access to the Platform and may subject You to civil or criminal penalties as prescribed under applicable laws.

16. AMENDMENT TO THESE TERMS

1. Right to Amend: Angel One reserves the right to modify, amend, or update these Terms at any time, at its sole discretion, without prior notice. Such amendments may be made to reflect changes in law, regulatory requirements, business practices, or updates to our services, including but not limited to mutual fund offerings, platform functionality, and operational policies.
2. Notification of Amendments: While Angel One will make reasonable efforts to inform You of any material changes to these Terms, it is your responsibility to regularly review the Terms. Amendments will be effective immediately upon being posted on the Platform, unless otherwise stated.
3. Client Acknowledgment: Your continued use of the Platform and its services after any amendments signifies your acceptance of the revised Terms. If You do not agree with any changes, You must discontinue using the Platform and its services.

17. OTHER TERMS

1. All other terms and conditions that are not expressly detailed in this document shall be deemed to be incorporated by reference from the broader Platform Terms of Angel One. This means that any provisions, guidelines, or policies outlined in the Platform Terms that are applicable to the use of the Platform for mutual fund transactions, but not explicitly mentioned here, will automatically apply to these Terms as if they were fully set forth herein.
2. This includes, but is not limited to, provisions of issuance of notice, force majeure, assignment, governing law and jurisdiction, dispute resolution, intellectual property rights, and any other relevant clauses. In the event of any inconsistency between these Terms and the Platform Terms, the provisions set forth in these Terms shall take precedence to the extent of the inconsistency.