Application to Fidelity

8/2/2019 Application to Fidelity

http://slidepdf.com/reader/full/application-to-fidelity 1/5



Terms and Conditions with FIL Fund Management Private Limitedand FIL FundsNetwork Private Limited

These Terms, together with the application form(s), are bindingon you with respect to your dealings with Fidelity throughvarious Channels.

These Terms are issued to you by FIL Fund ManagementPrivate Limited (“FFMPL”) and FIL FundsNetwork PrivateLimited (“FFPL”) which are companies within the FIL Limitedgroupof companies.

You willdeal with FFMPLin regardto theschemeslaunched byFidelity Mutual Fund ("Fidelity MF"), a mutual fund registered

with the Securities and Exchange Board of India ("SEBI").FFMPLis theinvestmentmanager to theschemeslaunchedbyFidelity MF.

You will deal with FFPL in regard to schemes launched byvarious mutual fundsregistered withSEBI including Fidelity MF.FFPL has been established to act as a distributor and financialconsultants or advisors in relation to, investments in alltypesof securities including but not limited to schemes launched byvariousMutual Funds.FFPLalsoprovides an onlineplatformtodealintheunitsoftheschemesoftheMutualFunds.

You agree to execute all the necessary documents which maybe needed from time to time to permit FFPL to send thenecessary dealing details to Mutual Funds to give effect to thedealingsthroughvariousChannels.

Thedefinitions belowapplythroughouttheseTerms.

i. "Authorised Representative" shall in respect of non -

individual investor mean such person or persons authorizedby theinvestorto acton theinvestor's behalffor dealing withFidelity and whose specimen signature has been lodgedwith Fidelity/its authorised representative.

ii. "Channels"shall meanvariouselectronicchannelsincludingbutnot limitedto internet, telephone, etcprovided byFidelitythrough which you can deal with Fidelity. In case of FFMPL,these shall be the official points of acceptance of transactions in theschemesof Fidelity MF.

iii. "Customer Relationship Number/User ID"("CRN/User ID”)shallmean theuniqueidentifyingnumber assignedto youbyFidelity.

iv. shallmeanFILFundManagementPrivateLimitedor FIL FundsNetwork Company, as relevant. The relevantcompany will be the one which manages or offers theparticular product in which you propose to deal withReferences to "Fidelity" in the Terms will also include anycompany to whichwe maytransferour rights and obligations

undertheTermsinaccordancewithclause8(A).v. "Mutual Funds" shall mean various mutual funds registered

withSEBI includingFidelityMF.

vi. "PIN" shall mean the Personal Identification Number issuedby Fidelity/its authorised representatives for the purpose of dealing with Fidelity. This PIN can also be used to avail of certain other services/facilities to be provided by Fidelityfromtimetotime.

vii."SEBI" meansthe Securitiesand ExchangeBoard of India.

viii. Terms" means these terms for dealing with Fidelity throughthe Channel(s) and shall include all modifications andsupplementstheretofromtime to time.

ix. "Trustees"shall meanFIL TrusteeCompanyPrivate Limited,theTrusteeto Fidelity MF.

x. "Unit"shall mean aninterestof aninvestor(s)in theschemesof Mutual Funds consisting of each unit representing oneundivided share in the net assets of that scheme as

evidencedby theaccountstatement.xi. shall mean any person who does business with

Fidelity under these Terms. The term "You" in case of individualinvestorincludesyourpersonalrepresentatives.

References to the singular shall include the plural and viceversa.References toclausesare to clausesof theseTerms.

References to statutes, rules or regulations shall be taken toinclude anyamendmentsmadetothemfromtimeto time.

iii. You agree that the data provided by you pursuant to dealingwith Fidelity could be shared by Fidelity with its authorisedagents, representatives, affiliates, group companies andsubsidiaries.

iv. You agree and accept that you shall abide by these Terms(includingthe instructions relating to dealing with Fidelity) asmay be specified by Fidelity with respect to dealing throughtheChannelsfromtimetotime.

v. You agree and accept that Fidelity has the discretion to

restrict a particular set/class of investors from dealing withFidelity.

vi. You accept the sole responsibility to maintain the secrecy of all informationof confidential nature andshall ensure thatthesame is not disclosed to any person voluntarily, accidentallyorbymistake.

vii.You agree and confirm that Fidelity and/or its authorisedrepresentatives is not in a position to verify that the dealingsare indeedundertaken by you/AuthorisedRepresentative(s)at the time of dealing through the Channels and they are notor shall be not held responsible for any transactions arisingout of the misuse of the password and/or PIN by any personother than you/Authorised Representative(s).

viii. You agree and consent to the transmission of data(personal, account/CRN/User ID related, etc) by electronicmeans through the Channels with respect to dealing withFidelity.

ix.You agree that Fidelity may suspend any or all the services

provided forthe purpose of dealing, without liability, in wholeorin part,at anytimewithoutpriornotice ifyou donot complywithany ofthese Termsor anymodificationsthereof.

x. You shall not assign any right or interest or delegate anyobligationarisingherein.

xi. You shall be responsible for the systems used by you withrespect to dealings with Fidelity and for various securitymeasures which you have to take to prevent unauthorisedaccess to details relating to the dealing with Fidelity throughthe Channels, and Fidelity shall not be liable for any suchunauthorisedaccess.

xii.You agreethat Fidelity is currentlypermittingthe dealing withFidelity without any charge (however applicable entry/exitload/any other charge levied by the Mutual Funds will bechargeable in accordance with the offer documents), butFidelityreservesthe rightto levyany chargeit maydeem fit.

xiii. You agree that Fidelity is providing only a facility to you for

the purpose of dealing in the Units of schemes of the MutualFunds and hence there is no contractual obligation onFidelity/FidelityMF/theTrusteeswith respectto suchfacility.

xiv.You acknowledge that dealing through the Channels will beatyourown risks.You shall solelybe responsible toevaluatealltherisksarisingoutof thesame. Therisks would,interaliainclude:

" Internet frauds - The Channels may be susceptible tonumber of frauds, misuse, phishing, hacking and other actions, which could affect instructions sent to Fidelity/itsauthorised representatives. There cannot be anyguarantee from such internet frauds, phishing, hackingandother actions.

" The susceptibility of the Channels to virus(es) or other malicious,destructiveor corruptingcodesor programs.

i. You agree and unconditionally confirm that you shall besolely responsible to ensure protection and confidentiality of the password and/or the PIN and any disclosure thereof shallbeentirelyatyourrisk.

ii. You grant express authority to Fidelity/its authorisedrepresentativesfor givingeffectto dealing requestsmade byyou through the Channels authenticated by the passwordand/or thePIN.

iii. You agreethat Fidelity may, in its absolute discretion,issueanew password and/or PIN to you on the Terms stated hereinoron such otherTermsas Fidelitymay deemfit.

iv. You agree to notify Fidelity immediately if the passwordand/or PIN is lost or stolen or if you are aware or are of thebelief that another unauthorized person is privy to or hasused the PIN or it is suspected that the PIN has beentampered with. On receiving such notification, Fidelity/itsauthorised representative may issue a new CRN/User ID

and/or passwordand/orPIN you.

i. Ifany thirdpartyor unauthorizedsignatory (incaseyouare anon-individual investor) gains unauthorized access withrespect to the dealings by using your password and/or PIN,you agree that Fidelity/its authorised representatives shallnot be liable for any damage or loss arising out of suchunauthorized use of the password and/or PIN. You agree toindemnify Fidelity/Fidelity MF/the Trustees and its directors,

employees, agents and representatives against any li ability,costs,or damages arising outof claimsor suitsby such other thirdpartiesor otherperson relatingbaseduponor related tosuchaccessor use.

ii. In case you are a non-individual investor, you undertake tosubmit to Fidelity/its authorised representatives a certifiedtrue copy of a resolution authorizing signatories (along withtheirspecimen signatures) whoshall havethe fullauthoritytoact for and on behalf of you with respect to dealings throughthe Channels. Only these Authorised Representative(s) willbe permitted to transact through the Channels. Additionallythese Authorised Representative(s) will have the right (if permitted by the resolution) to specify the names of certainauthorised personnelwho could have therightonly of onlineviewing of accountsand initiationof a transactionthroughtheChannels.

iii. In case youare a non-individual investor, youundertake thatany changes to the list of the Authorised Representative(s)as mentioned above shall be communicated to Fidelity/itsauthorisedrepresentatives forthwithin writing andyou agreethat the same shall be effective only upon its registration byFidelity/its authorised representatives. Fidelity/its authorisedrepresentatives shall not be held responsible for anytransactions that are initiated/authorised by a person whohas ceased to be an Authorised Representative(s), pendingreceipt of a written confirmation to this effect you andregistration of the same by Fidelity/its authorisedrepresentatives.

iv. In case you are a non-individual investor or have a jointaccount with the Mutual Funds (i.e. Units of the schemes of the Mutual Funds are held jointly by you), you agree that incase a transaction request through the Channel is notauthorised by all the Authorised Representatives/jointholders inline with themodeof operationselected,withintheapplicable cut - off time as may be specified by Fidelity, thensuch transaction will expire and shall not be carried forwardand a fresh transaction request will be required to beinitiated.

v. You agree that if the bank account through which youpropose tomakepaymentstowardsyourdealingin theUnitsof the schemes of Mutual Funds is held jointly, you shall besolely responsible for getting the authorization of the other

joint holder(s) for making the payment in favour of therespectiveMutual Fund(s) and the dealing will be completedonlyonreceiptoffundsbytheMutualFundconcerned.

i. You agree and confirm that all the authorised and completetransactions will be processed at the applicable NAV (asdefined in the offer documents of respective schemes of Mutual Funds) subject to realization/utilization of the fundsand acceptance of the transactions by the MutualFunds/their authorised representatives.A transaction will bedeemed to be complete only once it is authorised by all the

joint holders/Authorised Representatives as the case maybe and the funds are received by the Mutual Funds. In caseofdealing with FFMPL,the electronic time stampingdone onthe transactionrequestreceivedthrougha Channel afterthetransactionis completeshallbe deemedto betime stampingdoneinaccordancewithguidelinesissuedbySEBIfromtimeto time. In case of dealing with FFPL, the time stamping willbe deemed to be done when the Mutual Funds accept thetransactionfilefeedsentbyFFPL.

ii. You agree that you shall be responsible for all transactionsconducted through the Channel(s) and records generatedFidelity/its authorised representatives shall be conclusiveproof of the transaction being undertaken and shall bebinding on you and may be used as an evidence in anyproceedings, legal or otherwise. In case of any discrepancywith regard to a transaction, you agree to notify Fidelity/itsauthorised representatives within 7 days of receipt of therecord of suchtransaction.

iii. You agree that there may be a time lag between the time atransaction is completed and before the same is updated inthe records of Fidelity/its authorised representatives. Theremay be a possibility of variances in values arising out of delayed data feeds, transmission losses in electronic dataetc.for whichFidelity/itsauthorisedrepresentatives shallnotbeliable.

iv. You agree that the payment for the transaction undertakenby the you over the Channel(s) will be facilitated through a

p a y me n t g a t ew a y a n d F i d el i t y/ i t s a u t ho r i se drepresentatives/FidelityMF/Trusteeswill notbe liablefor anyfailures in thelink or forany fraud (either payment gateway'sand/or bank's end) that could take place at the time of at thetime of making payment and you shall inform Fidelity/itsauthorised representatives immediately if the your bankaccount is debited and wherein corresponding Units havenot been allotted. Fidelity/its authorised representativesshallre-confirmthe receipt ofthe fundsand followingwhichitshall process the transaction based on the applicable NAVonthe dateof receipt offundsbytheMutual Funds.

1. DEFINITIONS

"Fidelity"

"You"

2. GENERALTERMS

3. TERMSAPPLICABLE TO CRN/USER ID AND PINISSUED BY FIDELITY/ITS AUTHORISED

REPRESENTATIVES

4. TERMS APPLICABLE IF YOU ARE A NON - INDIVIDUALINVESTOR/HOLDUNITS JOINTLY

5. TERMS RELATING TO PROCESSING OFTRANSACTIONS SUBMITTED THROUGH CHANNELS

"

i. You agree that the transactions carried out through theChannels in Units of various schemes offered by the MutualFunds shall be subject to the provisions contained in therespective offer documents and/or key informationmemoranda(as updated byissue ofrelevantaddenda).

ii. It is mandatory to comply with KYC requirements to beeligible to avail the covered services. You agree and accept

that pending receipt of all the relevant documents (includingthe signed online registration form, the Terms and thenecessary supporting documents) duly completed andsigned byyou, byFidelity/its authorisedrepresentatives,

a. you will be permitted to carry out only purchasetransactions;

b. you will be permittedto investas a sole investoronly (i.e.youwon'tbeabletoinvestjointly);and

c. you authorise Fidelity / its authorised representative toblock for further dealings, the folio(s) in which you havemadeinvestmentsthroughChannels. 3







FIDELITY ONLINE and KYC DOCUMENTATION CHECKLIST

Know Your Customer (KYC) requirements are as per the regulatory provisions under the Prevention of Money Laundering Act2002, rules issued there under and other related guidelines/circulars issued by the SEBI. For the convenience of those who havenot completed their KYC, we provide the KYC application form along with the online registration form. This checklist would helpcomplete the online and KYC application forms with required supporting documents.

S No Description Requirements

Fidelity Online Application Form

1 PAN Details

Should match with PAN Card / KYC

acknowledgement copy

2 Bank account Details Mandatory

3 Copy of cancelled cheque leaf Mandatory if investor is new to Fidelity

4 Terms & Conditions should be signed by all the holders Mandatory

5 Folio link request form (if applicable) should be signed by all holders Mandatory

6Address mentioned in Fidelity Online Application and KYC Acknowledgement tobe same.

Mandatory

KYC Form – only if KYC was marked as ‘Yes’ in the Fidelity Online Application Form

1 Copy of KYC Letter / Acknowledgement from CVL Website Mandatory - should be self attested

KYC Form – only if KYC was marked as ‘No’ in the Fidelity Online Application Form

1 KYC Application form filled in English in BLOCK CAPITALS in black / dark ink Mandatory2 Photograph should be affixed in the space provided and signed across Colour and Passport size photo only

3 Income/Occupation details are complete Mandatory

4 Signature of the applicant in the space provided Mandatory

5 Proof of Identity: Mandatory

Copy of PAN card is the only accepted proof of identity

Require true copies self attested AND attested by a Notary Public / GazettedOfficer / Manager of ScheduledCommercial Banks or MultinationalForeign Banks / Fidelity or CAMSService Centre Executives (Name,Designation and Seal should beaffixed on the Copy).

Name, Date of Birth and PAN on the KYC application form shouldmatch with the details on the PAN Card

Mandatory

6 Proof of Address: Mandatory

Address details should be complete with PIN code Mandatory

If permanent and correspondence addresses are different, separateproofs for both addresses are required.

Mandatory

Any one of the following documents are valid as proof of address:

Mandatory - true copies self attestedAND attested by a Notary Public / Gazetted Officer / Manager ofScheduled Commercial Banks orMultinational Foreign Banks / Fidelityor CAMS Service Centre Executives(Name, Designation and Seal should

be affixed on the Copy).Passport, Driving License, Voter's Identity Card, RegisteredLease / Sale Agreement of residence, Proof of address issuedby Bank Managers of Scheduled Commercial Banks / Multinational Foreign Banks / Gazetted Officer / Notary Public / Elected Representatives to the Legislative Assembly / Parliament / Document issued by any Government or StatutoryAuthority.

Documents having an expiry dateshould be valid on the date ofsubmission.

Latest Telephone Bill (Landline), Electricity Bill, Demat AccountStatement, Bank Account Statement if it bears address, elseBank Passbook bearing address AND latest bank statement

Should not be more than three monthsold from the date of submission of theKYC application form.

Mobile phone and Credit Card statements and Gas Bills are

NOT accepted as proof of address.

NOT accepted as proof of address

7If applicant's tax status is NRI and overseas address is mentioned, original proofof address or photocopy should be furnished for the same.

Mandatory if NRI - Photocopy shouldbe duly attested by relevant authority.

8 If applicant's tax status is NRI, Passport copy is required.Mandatory if NRI - should be selfattested AND duly attested by relevantauthority.