Mutual Fund’s Terms & Conditions

This agreement sets forth the terms and conditions which need to be followed by the user of the Application named Profinity Mutual Funds which is owned and managed by Cognus Technology. Profinity Mutual Fund is an online mutual fund investment platform, which is registered with AMFI under ARN 76921. By creating an account and using the Application, the users agree to the terms and conditions determined under this agreement of use.

While creating an account on the website/Mobile App, it is required for the users to consider all the terms of use, legal disclaimer, and privacy policy. You are required to read the terms and conditions properly because your acceptance of terms and conditions embodies several constituents under the agreement that is formulated between you and the company (Profinity Mutual Fund Distribution Pvt. Ltd.).

We request you to read these terms and conditions carefully. Your acceptance of terms contained herein constitutes the agreement between you and Profinity Mutual Fund as defined hereunder.

For the purpose of investing in mutual funds, you must be at least 18 years old and must have legal rights to contract in relation to investment in market-driven products like Mutual Funds. You must use the application and website for investing in mutual funds by opting any of the modes out of lump sum and SIP. In no case, Profinity Mutual Fund takes the responsibility of aggregating the information regarding your investments made at other investment platforms. You must understand that you need to furnish absolutely correct details at the time of registration. Providing incorrect information is likely to sabotage your online SIP investments, as your transactions will not be processed. As per SEBI guidelines, Next day NAV will be applicable on all the online transactions made after 1 pm. Profinity Mutual Fund holds the right to cancel the registration if the information provided by the users is found to be incomplete, exaggerated, or hidden in any aspect. Profinity Mutual Fund reserves the right to make changes in the defined terms at any time as per the requirement. If you use the website/Mobile App and services continuously, that means you have agreed to adhere to the modifications made in the terms and conditions from time to time. Profinity Mutual Fund also proposes to offer additional services subject to specific terms; however, the services can only be activated to your account after taking your prior consent. Profinity Mutual Fund makes use of information, tools, articles, alerts, videos, information, advice, calculators, analysis reports, data, contents, news, prices, views, statistics, comments, feedback, advertisement, features and functionality and other services on the Website, are hereinafter jointly referred to as “the Services,” and individually as “Service”.

Terms of Use

The agreement specified describes the terms essential for the usage of services which are being provided to you on the website/Mobile App. Your acceptance will be considered as valid only when you click on “I agree to the Terms & Conditions” displayed. However, you also need to read all the necessary information while accepting the T&C. If you use the services regularly, then it is believed that you have accepted all the terms that are modified into the agreement. You would also be bounded by the agreement until it is terminated as per the defined provisions. Moreover, if you choose “not to accept these terms”, then you are not authorized to use the defined services. In addition to this, Profinity Mutual Fund also has the option in which the company can reject your registration to the subsequent website without stating any reasons for the same. Profinity Mutual Fund possesses the legal authority to make changes in the terms & conditions whenever it finds appropriate. Any error or inaccuracy or ambiguity require changes in the existing processes, and as a result, Profinity Mutual Fund holds the right to update the changes on the website/Mobile App and to notify the customers accordingly. After executing the services, if you continue using the services then you will be bound by the terms and conditions which are provided in the agreement. However, disagreeing the terms and conditions will discontinue the use of your services as well.

Terms of Account Registration and Maintenance

Your account shall be activated after successfully registering to the services. It is your duty to maintain secrecy about your password and account details; therefore, you have to agree that you are solely accountable for your account transactions. The provided password and Login ID will allow you to access the services. Along with the Login ID and password, you also need to give your mobile number or other contact information so that you can fill the “Registration Information” section.

‘Profinity Mutual Fund’ is not responsible for any authorized access made due to actions such as sharing of the password, careless use of the account, and using website/Mobile App in public and shared servers by the user.

Moreover, you are required to agree to the fact that you will not make any unlawful attempt of using the website/Mobile App or any other services by misrepresenting your identity.

Alerts/Online Information

Profinity Mutual Fund may provide account-related information via automatic alerts to you on a regular basis. There are various sorts of alerts that are sent automatically to the account holders as a part of service provision. You are allowed to deactivate and customize the alerts as per your choice and preferences. Profinity Mutual Fund also keeps updating the users through new alerts which are visible on our website for a limited time period.Profinity Mutual Fund reserves the right at its discretion to cease the alerts whenever it finds suitable. While activating the alerts, you are provided with different options from which you can select the appropriate one as per your preference.

The updated alerts will be provided to you through electronic modes on your emails and the mobile number provided while registering to Profinity Mutual Fund. In the case when you change your mobile number or email address, then after you will receive alerts from the company of such changed address. By providing the contact details, you agree to receive the alerts and calls and updates on the same. You further allow the company to share your information with third parties for the purpose of transacting smoothly.

Sending short messaging service alerts are subject to TRAI regulations and also to telecom service providers and hence, Profinity Mutual Fund will not be held accountable in case of any delay in messages and mobile alerts.

Some of the alerts sent to your email address and mobile number may not be in an encrypted format and whoever has the access to your mobile and email ID can attain the confidential information easily. Thus, by providing the contact details, you agree to receive them in their original format. Profinity Mutual Fund shall not be held liable in case of any unauthorized access to your account and the confidential information provided therein.

Profinity Mutual Fund agrees to deliver timely and accurate alerts to the services; however, you are also required to comprehend that there might be some factors that may lead to the delay of such alerts. You have to agree that Profinity Mutual Fund will not be held liable in the case if it fails to deliver alerts on time. The company shall not be entitled to the delay, errors, and other misdirected content which is sent in the alerts. The companies are required to deliver alert messages to the customers because they are subject to do so under the local laws and guidelines. The laws enforce the companies to provide alerts from time to time, and you have to abide by all the laws as notified by the government authorities.


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