Home : Term and Condition

Disclaimer:

Tata Savings+ is a special facility offered for subscription and redemption through Tata Mutual Fund Mobile application in Select schemes of Tata Mutual Fund. Investors are requested to read the relevant and application terms and conditions and accept the arrangement process before availing this facility. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments.

Declaration

Having read and understood the contents of all the scheme related documents of the scheme, I /we hereby apply / withdraw for units of the scheme and agree to abide by the terms, conditions, rules and regulations governing the scheme, I /We hereby declare that the amount invested in the scheme is through legitimate sources only and does not involve and is not designated for the purpose of the contravention of any act, Rules, Regulations, notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti-Corruption Laws or any other applicable laws enacted by the government of India from time to time. I/ We have understood the details of the scheme and I / we have not received have been induced by any rebate or gifts, directly or indirectly in making the investment. I/ We confirm that details provided are true and correct. I have voluntarily subscribed to the on line access for transacting though the internet facility provided by Tata Asset Management Limited (TAML) (Investment manager of Tata Mutual Fund) and confirm of having read, understood and agree to abide the terms and conditions for availing of the internet facility more particularly mentioned on the website www.tatamutualfund.com and hereby undertake to discharge the obligations cast on me and shall not at any time deny or repudiate the on-line transactions effected by me and I shall be solely liable for all the costs and consequence thereof.

I/ We undertake that subscriptions are to be made through my / our registered bank mandates only.

FACTA and CRS Declarations: I / We have understood the information required (read along with FATCA and CRS instructions) and hereby confirm that the information provided by me/us is true, correct and complete. I /We also confirm that I/We have read and understood the FATCA and CRS terms and conditions and hereby accept the same.

The information and data contained in this app do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this mobile app is for the limited purposes of information only for the investors. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments to any person in the United States of America ('US')/Canada.

Currently, the funds of Tata Mutual Fund have not been registered under the United States Securities Act of 1933 (the 'Securities Act') or under the securities laws of any state and the funds have not been registered under the Investment Company Act of 1940 (the 'Investment Company Act') of the United States. Units in the funds are therefore not being offered or sold within the United States/ Canada or to United States/ Canadian Persons.

By entering this mobile app or accessing any data contained in this mobile app, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Tata Mutual Fund/Tata Asset Management Limited (TATA AMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of TATA AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.

I / We agree that the server time at the instance of confirmation of the transaction will be considered as the final time to determine transaction time, cut-off time and consequent applicable NAV. The number of units allotted or redeemed will be calculated based on the cut-off time and Applicable NAV as per SEBI guidelines as mentioned in the Scheme Information Document (SID) of the respective schemes. I / We agree that the cut off timing are as follows:

Cut – Off Time Matrix

SchemesSubscriptionRedemption
1. Liquid and Overnight Funds 12:30 p.m. 1:00 p.m.
2. Tata Arbitrage Fund and Tata Tax Savings Fund3.00 p.m.3.00 p.m.

For subscriptions for Tata Arbitrage Fund and Tata Tax Savings Fund is as under:

Application SizeApplicable NAV
For application amount of Rs. 2 Lacs* & above * Multiple applications (purchase including switch in) submitted by investor on same day for the same scheme, shall be aggregated at investor level (i.e. First holder / Sole Holder) for determination of Rs. 2 Lacs.NAV of the day on which the funds are realized up to 3.00 p.m. (Subject to transaction being time-stamped upto 3 p.m. on the date of realization of funds).
For application amount upto Rs. 2 LacsIf application is time stamped before 3 p.m. on any business day - Applicable NAV shall be the closing NAV of the date of receipt of the application. If application is time stamped after 3 p.m. on any business day - Applicable NAV shall be the closing NAV of the next business day.

I / We agree that the cut off timing for subscriptions for Tata Liquid Fund and Tata Overnight Fund the applicable NAV for allotment will be based on submission of purchase transaction online before cut off time of 1.00 pm and availability of funds for utilization before cut-off time.

As regard all purchases, the time after successful payment and transaction being confirmed before applicable cut-off time will be considered as final and there cannot be any changes there-of.

Also I/ we understand and agree that in case of online transactions through Tata Savings + app, the movement of funds from my/our bank account to the Scheme's bank account happens via the Intermediary / Aggregator service provider through a Nodal (shadow) bank account and post reconciliation of fund. The process of movement of funds from the my/our bank account into the Scheme's Bank account in case of online transaction is governed by Reserve Bank of India(RBI)vide their circular Ref. RBI/2009-10/231 DPSS.CO.PD.No.1102/02.14.08/2009-10 dated 24th November, 2009. The process followed by the aggregator and the time lines within which the Funds are credited into the Scheme's bank account is within the time lines provided by RBI which is T+3 settlement cycle / business days, where T is the date of Transaction / day of intimation regarding completion of transaction. The nodal bank account as stated above is an internal account of the bank and such accounts are not maintained or operated by the intermediary / aggregator or by the Mutual Fund. All funds held in the accounts are in the nature of outside liability of the bank and the balances held in the accounts shall be reckoned for the purpose of computation of Net Demand and Time Liabilities of the Bank. Such accounts are subject to concurrent audits and a certificate is also submitted to RBI regarding adherence of stated directions.

I / We agree that while the movement of Funds from my Bank account may have happened on T day, however post reconciliation and as per statutory norms the allotment can happen only on availability of Funds for utilization by the AMC/MF and accordingly the transaction will processed as per the applicable NAV based on availability of funds for utilization by 3 p.m.

I/We will, at all times, be responsible for my/our investment decisions and /or orders placed. I/ We/s will not hold, or seek to hold, AMC and/or any of its officers, directors, employees, agents, subsidiaries or affiliates, liable for any loss including but not limited to investment losses incurred by me/us. Investor/We understand that the access to the online platform is given on the basis of the statements and declarations made by me/us. Investor/s I/We undertake to ensure that this facility would be put into action for bonafide transactions not involving any violations of the provisions of Government of India or any other applicable law or regulation in force in India.

TAML Warranties:

TAML will endeavor to make best efforts to keep the mobile app updated on a daily basis, so as to provide upto date information to Investor/s. The Investor/s also agree/s that the look and feel of the web screen and outputs there from may differ based on the nature of the software used by the Investor/s to use the mobile app. TAML agrees to take best efforts to protect security of the data placed on the Internet and has for this purpose required the service provider to sign a confidentiality agreement specifying confidentiality of the data and to restrict external access to the database on the Internet. TAML/ service provider may, in the interest of the Investor/s, request a fax confirmation of the instructions and any additional information TAML/service provider may require. In such an event, TAML/service provider shall not be bound to act on electronic instructions received, until the said fax confirmation and additional information is received from the Investor/s, in a form and manner acceptable to TAML/service provider. TAML shall not be required to give the Investor/s individually any separate notice of any of the modification and/or variations that have been notified on the mobile app. TAML or the service provider shall have the absolute discretion to amend or supplement any of the terms at any time and will endeavor to give prior notice on the mobile app / through email for such changes wherever feasible. TAML/service provider may, in its absolute discretion decide not to carry out any such transaction where the service provider or TAML has reason to believe that the instructions are not genuine, are unclear, are such as to raise a doubt, are otherwise improper or there is ground to believe that the same is in contravention of any statute/laws in India and cannot be put into effect. This app can potentially experience technical outages for reasons beyond our immediate control. In such an event, Tata Asset Management Limited will endeavor to restore functionality at the earliest and request you to bear with us. TATA AMC and its service providers who support this site will not be liable for resultant suspension of services.

Neither TAML nor the service provider shall be liable for any unauthorized usage of the facility or any loss or damage or other consequences there from. Further, neither the Fund, nor TAML nor the service provider shall be liable at all for any misuse if any, of any data accessed through the Internet by third parties. Without prejudice to any other provisions of this Agreement, TAML and its service provider shall not be liable for any loss or damage whatsoever caused arising directly or indirectly in connection with the services and/or this Agreement. TAML and the service provider have the absolute discretion to withdraw/amend the services provided, or amend or supplement any of the above terms and conditions at any time without prior notice to the Investor /s. The Investor/s confirm/s and agree/s that he/ she/they shall at all times be bound by any modification and/or variations made to the other Terms and Conditions and as notified on the mobile app. The Fund shall not be required to give the Investor/s individually any separate notice of any of the modification and/or variations that have been notified on the mobile app.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Declaration

The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this Website is for the limited purposes of information only for the investors. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments to any person in the United States of America ('US')/Canada.

Currently, the funds of TATA Mutual Fund have not been registered under the United States Securities Act of 1933 (the 'Securities Act') or under the securities laws of any state and the funds have not been registered under the Investment Company Act of 1940 (the 'Investment Company Act') of the United States. Units in the funds are therefore not being offered or sold within the United States/ Canada or to United States/ Canadian Persons.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Tata Mutual Fund/Tata Asset Management Limited (TATA AMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of TATA AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.