This Agreement is entered into between AMEVA MUTUAL FUND DISTRIBUTORS (AMFI-Registered Mutual Fund Distributor holding ARN-145058, hereinafter referred to as "AMEVA" / "Distributor") and the Investor/Customer. The Distributor and Investor are collectively referred to as the "Parties."
1. PURPOSE AND SCOPE
1.1 The Investor engages AMEVA for distribution and servicing of mutual fund products and for facilitating transactions in mutual fund schemes.
1.2 AMEVA shall act solely in the capacity of a Mutual Fund Distributor, subject to applicable SEBI regulations, AMFI guidelines, AMFI Code of Conduct, AMC requirements and applicable law.
1.3 AMEVA shall not have discretionary authority over the Investor's investments.
1.4 The Investor retains the final decision-making authority regarding all investments.
1.5 AMEVA does not guarantee the performance of any mutual fund scheme or achievement of any investment objective.
2. INVESTOR DUE DILIGENCE
AMEVA shall obtain relevant information from the Investor for appropriate customer due diligence, including:
KYC information
PAN & Identity Proof
Bank details
Financial position
Income and net worth
Investment objectives
Investment horizon
Liquidity requirements
Investment experience
Risk tolerance
Risk capacity
Existing portfolio exposure
The Investor undertakes to provide accurate and complete information.
3. INVESTOR RISK PROFILING
AMEVA shall assess the Investor's risk profile by considering both:
Risk Capacity: The Investor's financial ability to withstand losses.
Risk Tolerance: The Investor's willingness to accept fluctuations and potential losses.
The risk assessment shall consider the Investor's financial position, investment horizon, liquidity requirements, investment experience, investment objectives, and behavioural response to market volatility.
4. INVESTMENT OBJECTIVE & HORIZON
The Investor's principal objective shall be recorded as one or more of the following categories:
Capital Preservation
Regular Income
Wealth Creation
Retirement Planning
Children's Education
Children's Marriage
Tax Planning (ELSS)
Long-Term Capital Appreciation
Investment Horizon Options: <1 year, 1–3 years, 3–5 years, 5–10 years, >10 years.
5. RISK PROFILE CATEGORIZATION
Following completion of the Risk Profiling Questionnaire in Part B, the Investor shall be classified under one of five defined categories:
(1) Conservative, (2) Moderately Conservative, (3) Moderate, (4) Moderately Aggressive, or (5) Aggressive.
6. PRODUCT APPROPRIATENESS
Before processing relevant investments, AMEVA shall consider whether the proposed mutual fund product is broadly consistent with the Investor's risk profile, investment objective, investment horizon, liquidity requirement, financial capacity, investment experience, existing portfolio exposure, and scheme-specific risks.
This is an MFD due-diligence/product appropriateness process and should not be construed as discretionary investment management or as a guarantee of suitability or investment performance.
7. MUTUAL FUND RISK DISCLOSURE
The Investor understands that mutual fund investments are subject to market risks and may result in loss of capital. Depending upon the scheme, risks may include: market risk, equity risk, interest-rate risk, credit risk, liquidity risk, concentration risk, inflation risk, currency risk, volatility risk, and scheme-specific risks.
The Investor agrees to read the applicable Scheme Information Document (SID), Key Information Memorandum (KIM), risk disclosures, and other relevant scheme documents before investing.
8. REGULAR PLAN AND DIRECT PLAN
AMEVA has explained the broad distinction between Regular and Direct Plans:
Regular Plan: Distributor remuneration may be payable by the AMC/Mutual Fund in accordance with applicable regulations and arrangements.
Direct Plan: Distributor commission is generally not payable where the investor invests directly with the AMC.
The Investor acknowledges that the choice of plan should be considered after taking into account costs, services, and individual circumstances.
9. COMMISSION / REMUNERATION DISCLOSURE
The Investor acknowledges that AMEVA may receive permissible trail commission and/or other remuneration from AMCs/Mutual Funds in relation to eligible Regular Plan investments. The Investor understands that:
1. Remuneration may differ between schemes and product categories;
2. Remuneration may change from time to time;
3. Remuneration does not constitute a guarantee of investment performance;
4. Financial incentive should not be the sole basis for selecting a scheme; and
5. AMEVA is required to manage conflicts of interest and act in the investor's interest.
The AMFI Code requires MFDs to place investor interests paramount, exercise due diligence and independent professional judgment, and appropriately disclose unavoidable conflicts.
10. CONFLICT OF INTEREST
AMEVA shall seek to avoid conflicts of interest where possible. Where a material conflict cannot reasonably be avoided, appropriate disclosure shall be made to the Investor. The Investor understands that distributor remuneration can create a potential conflict of interest and that AMEVA is required to manage such conflicts fairly and transparently.
11. NO GUARANTEE OF RETURN
AMEVA shall not represent or assure: guaranteed returns, assured appreciation, guaranteed dividend/IDCW, guaranteed capital protection, or guaranteed exit value, unless expressly permitted under applicable law.
12. INVESTOR RESPONSIBILITIES
The Investor shall: (1) provide complete and accurate information; (2) keep KYC and contact information updated; (3) inform AMEVA of material changes in financial circumstances; (4) review transaction confirmations and statements; (5) understand applicable scheme risks; (6) consider tax and liquidity implications; (7) independently verify information where appropriate; and (8) make the final investment decision.
13. TRANSACTION PROCESS
Investment monies should be paid through permitted banking/payment channels in accordance with AMC/RTA/platform procedures. AMEVA shall not use Investor funds for its own purposes and shall process transactions based on valid instructions and applicable authentication procedures.
14. CONFIDENTIALITY & DATA PROTECTION
AMEVA shall maintain reasonable confidentiality and security of Investor information. Information may be shared with AMCs, RTAs, platforms, regulators, auditors, and authorised service providers where required for transaction processing, compliance, servicing, or as permitted by law under the Digital Personal Data Protection (DPDP) Act 2023.
15. TAXATION
The Investor understands that taxation of mutual fund investments depends upon applicable tax laws and individual circumstances. AMEVA does not guarantee tax treatment, and the Investor should obtain independent tax advice where required.
16. GRIEVANCE REDRESSAL
The Investor may first approach AMEVA for resolution of any service-related grievance:
Grievance Officer: Rajesh Kumar Gupta | Email: rajeshgupta@ameva.in, amevamfd@gmail.com | Mobile: +91 98100 47256
If the grievance is not satisfactorily resolved, the Investor may approach the concerned AMC/RTA and applicable investor grievance mechanisms, including SEBI SCORES (scores.sebi.gov.in) and SMART ODR (smartodr.in).
17. RECORD KEEPING
AMEVA shall maintain relevant records in accordance with applicable regulatory requirements, including KYC, risk profile, investment objective, transaction records, disclosures, investor communications, complaints, product appropriateness assessments, and other compliance records.
18. REVIEW OF RISK PROFILE
The Investor agrees to review the risk profile periodically and whenever there is a material change in income, net worth, liabilities, investment objective, investment horizon, liquidity requirements, risk tolerance, financial commitments, or existing portfolio.
19. TERMINATION
Either Party may terminate this Agreement by giving written notice. Termination shall not affect investments already made or statutory/regulatory obligations arising before termination.