Access to Platform shall not be available to US Persons (i. e., a U.S. person within the meaning of Regulation S under the Securities Act of 1933 of U.S. or as defined by the U.S. Commodity Futures Trading Commission as amended from time to time) or to residents of Canada.
Non-Resident Indian (NRI)/Persons of Indian Origin (PIO)/Overseas Citizen of India (OCI) Users may access the Platform provided: (i) the applicable local laws/regulations of their country of residence does not prohibit such access or does not impose any registration or other requirement on BFMF as a consequence of such access; or (ii) their country or territory is not a non compliant country or territory declared under Financial Action Task Force (FATF).
If you choose to access the Platform from locations other than India, you shall do so at your own risk and you would be solely responsible for compliance with applicable local laws and regulations of such location/territory. We accept 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 Platform can be accessed through internet by you in a country other than India shall not be interpreted to imply that the laws of the said country govern these Terms and/or the use of the Platform.
Existing unitholder / investors of BFMF may, at any time, subject to these Terms, register on the Platform and avail online facilities available thereon.
User hereby agrees to abide by these Terms and all applicable Indian and Foreign laws/rules/regulations in force and the changes thereto from time to time relating to the access to the Platform and/or the facilities made available thereon, including those relating to execution of transactions in Schemes of BFMF. The User further confirms that he/ she is authorised and is not restricted by any legal /regulatory /judicial /quasi judicial /other authority, to access the Platform and avail of the facilities offered thereon, including to execute transactions in schemes of BFMF.
User shall be required to comply with KYC (know your client/customer) and KYC Registration Agency (“KRA”) requirements under SEBI (KYC Registration Agency) Regulation, 2011, as may be amended from time to time, and requirements under Prevention of Money Laundering Act, 2002 and such other applicable laws/rules/regulations as the case may be. Registration on the Platform shall be permitted for KYC Registration Agency (KRA) verified Users only. Accordingly, while enrolling for the Platform registration, the User shall be required to provide their PAN, Aadhaar Number, and such other information as may be prescribed from time to time under the SEBI (KYC Registration Agency Regulation, 2011, Prevention of Money Laundering Act, 2002 and rules made there under as may be amended from time to time, and such other applicable laws/regulations as the case may be. Based on the information provided, once it is ascertained that the User is KRA verified and the other information provided by the User is in order as required by the applicable laws, the User will be allowed to register on the Platform. Subsequent to registration on the Platform, for the purpose of compliance with applicable laws/regulations, User may be required to submit such other documents as may be stipulated by BFAML/BFMF from time to time and the User hereby undertakes to submit such details/documents as and when required by BFAML/BFMF. The User further acknowledges that any failure to submit such documents/details may result in the User's access to the Platform being suspended/ terminated.
For access to the Platform and execution of transaction(s) on the Platform, the User hereby provides consent in accordance with Aadhaar Act, 2016 and regulations made thereunder, for (i) collecting, storing and usage (ii) validating/authenticating and (ii) updating my/our Aadhaar number(s) in accordance with the Aadhaar Act, 2016 (and regulations made thereunder) and PMLA. User hereby provides consent for sharing/ disclosing of the Aadhaar number(s) including demographic information with the asset management companies of SEBI registered mutual fund and their Registrar and Transfer Agent (RTA) for the purpose of updating the same in User's folios with their PAN.
User's address as per KRA will be the registered address of the User in the records of BFAML/BFMF.
User's signature for the records of the BFAML/BFMF in connection with availing of facilities on the Platform shall be retrieved / obtained from the KRA. In case BFAML is unable to obtain a clear image of the signature, User shall be required to submit a physical signature updation request to BFAML to transact in schemes of BFMF through the physical mode.
With respect to the Users who are first time investors of BFMF, the contact details, including email address and mobile number, shall be obtained from the investor at the time of registration on the Platform. The User shall be responsible to ensure that the contact details, including the email address and the mobile number are accurate. BFAML/BFMF shall not be responsible to verify the correctness of the information obtained from the Investor. For Users who are existing investors of BFMF, the contact details shall be as per the details available with BFAML/BFMF.
All correspondence and/or delivery by BFAML shall be made only at the address and/or email address available with BFAML/BFMF. BFAML shall send communications/letters etc. to the User through courier/messenger/email/SMS or through any other valid mode at its own discretion and the User shall not hold BFAML/BFMF liable for any loss and/or delay arising there from.
You hereby confirm that you shall not use the Platform for any illegal or improper purposes. BFAML/BFMF shall be authorized to immediately discontinue/suspend/terminate your access to the Platform upon being made aware of any such illegal or improper use of the Platform.
In order for you to be eligible for registration on the Platform and to transact on the Platform, you may need to have access to net banking facility/other online payment facility with the select banks having arrangements with us as per the list displayed on the Platform. You shall be required to register the account details and upload an image of the cheque (in .pdf /.jpeg format) on the Platform. It shall be your responsibility to ensure that the account details registered by you and the image of the cheque uploaded pertains to your bank account. In case of joint holding, the account details registered shall be the bank account of the first-named unitholder or, in case of joint bank account, the first-named unitholder in the folio should be one of the joint holders of the bank account. In case it is found that the bank account details registered do not fulfil the above criteria, BFAML/BFMF shall reject the transaction requests and refund the amounts to the account registered on the Platform without any interest thereon, and BFAML/BFMF shall not be liable for any losses/damage sustained by the User on account of the above.