Terms and Conditions for investment in Jio BlackRock Mutual Fund and for usage of Jio Blackrock Asset Management Pvt Ltd Platform
INTRODUCTION
These terms and conditions ("Terms") are entered into between you (“you” or “user”) and Jio Blackrock Asset Management Private Limited for accessing, registration, investing and interacting with our website, mobile application and any other technology platform owned and operated by us (“Platform”).
This document / contract / understanding is an electronic record published in accordance with the provisions of the Information Technology Act, 2000 and rules made thereunder as applicable and the amended provisions pertaining to electronic records in various statutes as may be amended by the Information Technology Act, 2000 from time to time. This electronic record is generated by a computer system and does not require any physical or digital signatures.
By continuing to use or access of the Platform, you agree to be bound by these Terms. If you do not agree to these Terms, you are advised to not use or access the products on the Platform.
Your access of the Platform signifies your acceptance of these Terms. We reserve the right to modify these Terms at any time without notice, and your continued access of the Terms after any modifications will constitute your acceptance of such modifications.
DEFINITIONS
Capitalised terms not defined in the Terms shall mean as follows:
• "Affiliate(s)" shall mean with respect to the AMC, any person directly or indirectly controlling, controlled by, or under direct or indirect common control with the AMC including its subsidiaries and associate companies.
• "Agreement" means the Terms and privacy policy of the AMC including references to this Agreement as amended, novated, supplemented, varied or replaced from time to time.
• "Content" means all text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code collectively.
• "Force Majeure Event" means any event due to any cause beyond the reasonable control of the AMC, including, without limitation, unavailability of any communication system, breach or virus in the systems, fire, pandemic, flood, explosion, acts of god, civil commotion, riots, insurrection, war, acts of government.
• “Fund” shall mean Jio Blackrock Mutual Fund, a mutual fund registered with SEBI under the provisions of SEBI (Mutual Funds) Regulations, 1996 as amended from time to time.
• “AMC” or “we” or “us” or “our” shall mean Jio Blackrock Asset Management Private Limited, a company incorporated under the Companies Act, 2013 and having its registered office at Unit No. 1301, 13th Floor, Altimus Building, Plot No. 130, Worli Estate, Pandurang Budhkar Marg, Worli, Mumbai- 400018, India.
• “KYC” shall mean Know Your Customer.
• “Person” shall mean any natural person, company, corporation, partnership, proprietorship, trust, union, association, government or any agency thereof or any other entity that may be treated as a person under applicable law.
• "Platform" means the website, mobile application and any other technology platform owned and operated by the AMC.
• “SEBI” shall mean Securities and Exchange Board of India.
• "Service(s)" shall mean all services including investment-related services as provided for in the Terms and Conditions of the Platform, including but not limited to the onboarding of investors, facilitation of mutual fund transactions such as subscriptions, redemptions, and switches, portfolio reporting, account servicing, and investor communications. Services also include tools or features provided through the Platform that allow users to view, monitor, and manage their investments and investment related documents with the AMC and engage with investor education or digital assistance modules offered by the AMC from time to time in accordance with applicable SEBI regulations provided through its Platform.
• “Trustee” shall mean Jio Blackrock Trustee Private Limited, a company incorporated under the Companies Act, 2013 and having its registered office at Unit No. 1301, 13th Floor, Altimus Building, Plot No. 130, Worli Estate, Pandurang Budhkar Marg, Worli, Mumbai- 400018, India.
• “User” or “you” shall mean any natural or legal person who accesses or uses the Platform and in the event that a natural person is representing a business entity or a body corporate, reference to such terms shall include a reference to such business entity and / or body corporate as well and other promoters of such business entity and / or body corporate. All references to “you” shall include yourself and any other persons you are authorised to and required to provide consent for.
REPRESENTATION AND WARRANTIES
By accessing, logging in, browsing, or using the Platform, you hereby represent and warrant that:
• You are a resident of India.
• You are over 18 years of age.
• You are duly authorized, either individually or as an authorized signatory of an entity.
• You have the capacity to enter into a legally binding agreement.
• You are not barred or legally prohibited from accessing or using the Platform.
• You acknowledge and agree that we own all legal rights, titles and interests in and to the Services, including any intellectual property rights which subsist in the Services.
• You understand that you do not have the right to use any of our trade names, trademarks, service marks, logos and domain names. You do not have the right to remove, obscure, or alter any proprietary rights notices (including trademark and copyright notices), which may be affixed to or contained within the Services. You will not copy or transmit any of the Services.
• You hereby understand and acknowledge that the information requested from you is used for the various purposes as set out in our Privacy Policy as well as compliance with various laws, regulations and guidelines (including SEBI circulars and guidelines and Prevention of Money Laundering Act, 2002) promulgated by the Government of India from time to time.
• You will remain responsible for all actions taken through your system, username, and password.
• The information provided by you is true and correct.
• You shall keep us updated of any change in the information provided on the Platform.
• You are not a politically exposed person under Prevention of Money Laundering Act, 2002, AMFI guidelines, and SEBI circulars/guidelines..
INVESTMENT RELATED DECLARATIONS
• I/We understand that investments / prospective investments under the folio shall be made only after reviewing and understanding the relevant offer documents including the respective Scheme Information Document (SID), Key Information Memorandum cum application forms of the respective scheme(s), and Statement of Additional Information (SAI) of the Fund and addenda thereto, instructions issued by the Fund / AMC from time to time, as applicable.
• I/We am/are eligible Investor(s) as per the respective scheme related documents and not prohibited from accessing capital markets by any order/ruling / judgment etc. passed by SEBI/ Statutory Authority or Courts in India and Foreign laws. The information mentioned above is true and correct and I/We shall furnish such other further/additional information as may be required by the AMC/ Fund.
• I/We undertake to promptly inform the AMC / Fund / Registrars and Transfer Agent (RTA) in writing about any change in the information furnished by me/us from time to time.
• I/We hereby confirm that I/We have not been offered/ communicated any indicative portfolio and/ Or ant indicative yield by the fund/AMC for this investment.
• I/We shall be liable and responsible for any loss, claims suffered, directly or indirectly by the AMC/ Fund/ RTA/ SEBI Intermediaries, arising out of any false, misleading, inaccurate and incomplete information furnished by me/us at the time of investing/redeeming the units.
• I/We hereby unconditionally and irrevocably indemnify and at all times keep indemnified, save and harmless the AMC / Fund / Trustee and their officers, directors and employees against all actions, proceedings, claims, losses, damages, charges and expenses incurred or suffered /paid by the AMC / Fund in this regard and in case of any dispute regarding the eligibility, validity and authorization of my/our transactions.
• I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• I/We hereby provide consent for uploading/updating/fetching CKYC record from Central KYC Records Registry.
• I/We hereby authorize the AMC / Fund to disclose, share, remit in any form/manner/mode the above information and/or any part of it including the changes/updates that may be provided by me/us to the Fund, its Sponsor/s, Trustees, AMC, RTA, its employees, agents, and third party service providers, SEBI registered intermediaries, any Indian or foreign statutory, regulatory, judicial, quasi-judicial authorities/agencies including but not limited to Financial Intelligence Unit-India (FIU-IND) etc. without any intimation/advice to me/us.
• I/We also understand and agree that the AMC may also make additions and/or deletions to the services and/or facilities that are currently offered on this Platform at its sole discretion.
• I/We understand and agree that in case I/We choose to access this Platform from locations other than India, it shall be at my/our own initiative and responsibility for compliance with applicable local laws and regulations of such location/territory.
• I/We understand that the AMC/ Fund shall not be liable for any unauthorised transactions occurring through the Platform and fully indemnify and hold the AMC/ Fund harmless against any action, suit, proceeding initiated against it or any loss, cost or damage incurred by it as a result thereof.
• I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding Rs. 50,000 in a rolling 12-month period or in a financial year (Applicable for Micro investment only.) with the AMC/ Fund.
• I/We understand that I/We would receive E - Statement of Accounts in lieu of physical Statement of Accounts and the annual report or abridged summary and all other statutory documents through email.
• I/We hereby give my/our consent to the AMC and its agents to contact me over phone, email or any other mode to receive communication pertaining to financial transactions/ non-financial transactions/ promotional and other communication irrespective of my blocking preferences with the National Do Not Call Registry. I/We understand that in case I/We wish to opt out of this functionality I/We can contact AMC/ Fund in this regard.
• I/We agree that the Fund, its Sponsor/s, Trustees, AMC, RTA, its employees, agents are in no way responsible for the consequences of my/our investment decision(s).
• I/We hereby consent for providing transactions data feed, portfolio holdings, NAV etc. in respect of my/our transactions under Direct Plan to the RIA/Portfolio Managers/ Stockbroker registered in the concerned folio, if applicable.
FATCA/ CRS
• I/We have read, understood the requirements of the FATCA & CRS along with Instructions and hereby confirm that the information provided by me/us in this regard is true, correct, and complete. • I/We also confirm that I / We have read and understood the FATCA & CRS Terms and Conditions and hereby accept the same. • Further, I/We shall keep the Fund/AMC forthwith informed in writing about any changes/modification to the information provided or any other additional information as may be required by you from time to time.
PROPRIETARY RIGHTS
The software and hardware that support the Platform, as well as other Internet-related software necessary for accessing the Platform, are solely our property and/ or our authorised third-party service providers.
Your permission to access the Platform does not grant you any proprietary or ownership rights in the aforementioned software / hardware. You are prohibited from attempting to modify, translate, disassemble, reproduce, decompile, or reverse engineer the software / hardware underlying the Platform or creating any derivative products based on the software/hardware. You shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of the Platform and all charges related thereto.
PAYMENTS ON THE PLATFORM
We, either directly, or through its business partners / vendors may enter into agreements with third party payment gateway / aggregators and financial institutions authorized by the SEBI for the purposes of, inter alia, processing disbursals, payments, collection, refund and remittance and to facilitate payment between you and us.
OBLIGATIONS OF THE USER
• Review of Terms. It is your responsibility to thoroughly review these Terms on a periodic basis.
• Use of Information and Materials. The Platform displays details relating to the schemes/services/ products offered by the AMC and other general information.. The Platform should be accessed only by such User who is not specifically restricted to transact through online or otherwise in the schemes of AMC. The Content contained on this Platform is provided for general information only and should not be used as a basis for making business / commercial decisions. You are advised to exercise due caution and / or seek independent financial advice before availing any facility or entering into any financial obligation based on the Content contained on this Platform.
• Availability and Eligibility. The information and data contained in this Platform does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any services in any jurisdiction other than India.
LINKS TO THIRD-PARTY PLATFORMS
The Platform may contain links to third-party platforms. We do not control or endorse the content, privacy policies, or practices of such third-party platforms. You are advised to access such third party links at your own risk, and we shall not be responsible for any third-party platforms or the content, products, or services they offer. The content, accuracy, opinions expressed, and other links provided by other third‐ party sites are not verified, monitored, or endorsed by us in any manner. The Platform has been provided on an “as is” and “as available” basis. Accordingly, we encourage you to read and understand the terms and privacy policy of such third party platform upon being redirected from our Platform.
REGISTRATION
While registering on our Platform, you commit to furnishing accurate and comprehensive information. It is your responsibility to maintain the accuracy and completeness of this information. We reserve the right to suspend or terminate your account and deny access to the Platform (or any part of it) if there is suspicion or evidence of false or incomplete information provided by you.
USER CONDUCT
You acknowledge that all images, information, data, text, software, graphics, video, messages, or other Content, whether publicly posted or privately transmitted by you, are your sole responsibility. This means that you, and not AMC, shall bear full responsibility for all Content uploaded or posted by users on the Platform. We do not exercise control over User-generated Content on the Platform and, therefore, cannot guarantee the accuracy, integrity, or quality of such Content. By using the Platform, you acknowledge the possibility of exposure to offensive, indecent, or objectionable Content uploaded.
In no event shall we be liable in any way for any Content, including but not limited to errors or omissions in any Content, or for any loss or damage of any kind resulting from the use of any User’s Content posted, sent, transmitted, or made available on or through the Platform.
You agree not to use the Platform to host, display, upload, modify, publish, transmit, update, or share information that:
• Belongs to another person without proper authorization.
• Is grossly harmful, harassing, blasphemous, defamatory, obscene, pornographic, paedophilic, libelous, threatening, abusive, vulgar, tortious, invasive of another's privacy, hateful, racially or ethnically objectionable, disparaging, related to money laundering, gambling, or otherwise unlawful.
• Relate to or harms minors in any manner.
• Infringes or violates or misappropriates upon any patent, trademark, copyright, trade secrets, confidential information, or other proprietary rights.
• Threatens the unity, integrity, defense, security, or sovereignty of India, friendly relations with foreign states, public order, or incites the commission of any cognizable offense.
• Impersonates any person or entity, including but not limited to AMC, its officials, directors, or employees, or falsely represents your affiliation with any person or entity.
• Forges headers or manipulates identifiers to conceal the origin of Content transmitted through the Platform.
• Uploads, posts, sends, transmits, or otherwise makes available any Content that you do not have the right to share under any law or contractual or fiduciary duty/relationships.
• Distributes unsolicited or unauthorized advertising, promotional materials, junk mail, spam, chain letters, pyramid schemes, or any other form of solicitation.
• Uploads, posts, sends, transmits, or otherwise makes available any material containing software viruses, malware, or any other computer code designed to disrupt or harm computer software, hardware, or telecommunications equipment.
• Interferes with or disrupts the Platform or servers or networks connected to the Platform, or violates any network requirements, procedures, policies, or regulations.
• Edits Content to wrongfully, illegally, or without consent, replace identities of individuals.
• Intentionally or unintentionally violates any applicable local, state, national, or international laws, rules of any national or other securities exchange, or regulations with the force of law.
• Collects or stores personal data about other users.
• Uploads, posts, sends, transmits, or otherwise makes available any images or other Content of individuals without their knowledge or consent.
Access to and use of password-protected and/or secure areas of the Platform are restricted to authorized users only. The User should not obtain or attempt to obtain unauthorized access to such parts of the Platform.
• Engages in any reproduction, duplication, copying, selling, trading, reselling, or exploitation of any portion of the Platform, use of the Platform, or access to the Platform for commercial purposes.
• Except for web browser software and applications formally approved by AMC in writing, you agree not to use any software, program, or device to automate access to or data retrieval from the Platform.
• You will not employ automated systems such as "robots," "spiders," "scrapers," or "offline readers" to access the Platform.
• You shall not collect personally identifiable information, including account names, from the Platform or use it for commercial solicitation.
• You shall refrain from indulging in the following acts while accessing the Platform:
● Using the Platform for illegal or offensive purposes.
● Attempting to compromise system integrity or security.
● Overloading the infrastructure with excessive actions.
● Uploading malicious software or viruses.
● Impersonating others or engaging in fraudulent activities.
● Interfering with the Platform's proper operation.
● Bypassing access restrictions.
● Attempting to reverse engineer or discover source code.
TERMINATION
We reserve the right to permanently or temporarily terminate, suspend, or deny access to the Platform without notice or liability for violations of the Terms or the provision of Platform to you, is no longer commercially viable or feasible for us.
ACCESS
We reserve the right to withdraw or amend the Platform without notice. We shall not be responsible for interruptions or cessation of the Platform and the Services. We may restrict access to some parts of the Platform to Users from time to time for maintenance and other purposes. We make no warranties regarding, the access, speed, or availability of internet in general or the Platform in particular. The Platform is controlled from India, and users from other jurisdictions must comply with Indian laws.
Your responsibilities for accessing the Platform include:
• Ensuring access to the Platform is appropriately arranged.
• Ensuring that all individuals accessing the Platform through your internet connection or device are informed about and compliant with the Terms.
• Providing accurate, current, and complete information when prompted for registration or other details to access the Platform's resources. Your usage of the Platform is subject to the accuracy and completeness of the information you provide. This information is also governed by our Privacy Policy, and you consent to our actions regarding your information in line with the Privacy Policy.
• Acknowledging our right to disable any username, password, or identifier, whether chosen by you or provided by us, at our sole discretion, for any reason, including if, in our judgment, you have violated any provision of the Terms.
OWNERSHIP OF INTELLECTUAL PROPERTY RIGHTS.
We and our authorised partners retain exclusive rights and ownership on the Platform content (except user content and third party owned content), and the features and functionality of the Platform. You may not use, copy, or reproduce these materials without prior written consent. All intellectual property rights are protected under applicable laws.
The Content on the Platform including but not limited to text, photographs, graphics, video and audio Content, financial data, news, research, recommendations, and opinions, is protected by copyright in favour of us under applicable copyright laws and is also safeguarded under general intellectual property law.
Third-party content appearing on the Platform is the property of their respective owners and we do not assert any rights in relation to the same. Such third-party content is used by us either on the basis permission from the third-party or pursuant fair use provisions.
WARRANTY DISCLAIMER
The Platform and its Content are provided "as is" and "as available." We disclaim all warranties, express or implied, regarding the accuracy, timeliness, or completeness of the Platform's Content. We are responsible for any errors, interruptions, or damages resulting from the access of the Platform.
The information provided are for general information purposes. We encourage that you seek advise of your advisors regarding any product you wish to apply for on the Platform. Decisions based on the information contained within the Platform are your sole responsibility.
We do not guarantee that:
• The Platform's services will meet your requirements.
• Products, services, information, or materials sourced or obtained through the Platform will meet your expectations.
• Results obtained from the Platform will be accurate or reliable.
• Products and services are fit for a particular purpose.
• We provide no guarantee against the possibility of data deletion, mis-delivery, or storage failure.
• We do not endorse or guarantee third-party products or services advertised on the Platform. We shall not be responsible for transactions between you and our third-party providers.
• Any identified defects will be corrected, that the Platform is free from viruses or other malicious, destructive or corrupting code, non- infringement of third-party rights, title, merchantability, data accuracy and completeness, satisfactory quality and /or fitness for a particular purpose.
INDEMNITY
We shall not be liable in case you breach any terms or conditions provided under the Privacy Policy or these Terms and will not be obligated to indemnify you for any direct or indirect losses accruing to you. You agree to indemnify, defend and hold harmless us, our affiliates, group companies and our directors, officers, employees, agents, third party service providers, and any other third party providing any service to us in relation to the Services whether directly or indirectly, from and against any and all losses, liabilities, claims, damages, costs and expenses (including legal fees and disbursements in connection therewith and interest chargeable thereon) asserted against or incurred by us that arise out of, result from, or may be payable by virtue of, any breach or non-performance of any terms of the Terms including any representation, warranty, covenant or agreement made or obligation to be performed by You pursuant to the Terms.
LIMITATION OF LIABILITY
IN NO EVENT SHALL the AMC, ITS OFFICERS, DIRECTORS AND EMPLOYEES, OR ITS CONTRACTORS, AGENTS, LICENSORS, PARTNERS, OR SUPPLIERS BE LIABLE TO YOU FOR ANY DIRECT, SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, RELIANCE, OR EXEMPLARY DAMAGES (INCLUDING WITHOUT LIMITATION LOST BUSINESS OPPORTUNITIES, LOST REVENUES, OR LOSS OF ANTICIPATED PROFITS OR ANY OTHER PECUNIARY OR NON-PECUNIARY LOSS OR DAMAGE OF ANY NATURE WHATSOEVER, INCLUDING BUT NOT LIMITED TO ABUSE OR BREACH OF DATA), EVEN IF the AMC OR AN AUTHORIZED REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, ARISING OUT OF OR RELATING TO (I) THESE TERMS, (II) THE PLATFORM, (III) YOUR USE OR INABILITY TO USE THE PLATFORM; OR (IV) ANY OTHER INTERACTIONS WITH ANOTHER USER IN CONNECTION WITH THE PLATFORM.
FORCE MAJEURE
We shall not be liable for any failure to perform any of its obligations under the Terms or provide the Services or any part thereof if the performance is prevented, hindered or delayed by a Force Majeure Event and in such case its obligations shall be suspended for so long as the Force Majeure Event continues.
GOVERNING LAW
The Terms shall be governed by the laws of India, regardless of your actual location. You agree to the exclusive jurisdiction of Mumbai, Maharashtra, India.
Disputes under the Terms shall be resolved through arbitration governed by the Arbitration and Conciliation Act, 1996. The seat of arbitration shall be Mumbai. The arbitration shall be conducted in English language, The arbitrator’s award is final, and costs for the arbitration shall be borne by the User.
NOTICES
All legal notices or demands to or upon us shall be made in writing and sent by courier, certified mail, or electronic email to the following entity and address: Unit No. 1301, 13th Floor, Altimus Building, Plot No. 130, Worli Estate, Pandurang Budhkar Marg, Worli, Mumbai- 400018 or email at:. service@jioblackrockamc.com. The notices shall be effective when they are received by us in any of the above-mentioned manner.
All legal notices or demands to or upon a User shall be effective if either delivered personally, sent by courier, certified mail, by email to the last-known correspondence address or email address provided by the User to us, or by posting such notice or demand on an area of the Platform that is publicly accessible without a charge. Notice to a User shall be deemed to be received by such User if and when, a) We are able to demonstrate that communication, whether in physical or electronic form, has been sent to such User, or b) immediately upon us posting such notice on an area of the Platform that is publicly accessible without charge.
ENTIRE AGREEMENT / SEVERABILITY
These Terms, along with the Privacy Policy, legal disclaimers, and other legal notices on the Platform, constitute the entire agreement between you and us.
If any provision is deemed invalid by a court of competent jurisdiction, it won't affect the validity of the remaining provisions, which remain in full force.
COOKIES
We use cookies on our website for analysis, offering financial tools and digital lending, providing unique content, and enhancing user experience.
USAGE OF PERSONAL INFORMATION
Your personal information provided to us through the Platform will only be used and protected in accordance with our Privacy Policy.
BREACH OF THE TERMS
These Terms of constitute a legally binding contract between you and the AMC. Please read them carefully and ensure you understand and agree to the Terms before accessing the Platform. If you have any questions or concerns, please contact us at service@jioblackrockamc.com. Without prejudice to AMC’s other rights under these Terms, if you breach these Terms in any way or if AMC suspects that you have breached the Terms in any way, then AMC shall be entitled to take such action as it may deem necessary.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
1. INTRODUCTION
1.1. The Model Portfolios Facility (“Facility”) is an optional, digital-only feature offered by Jio BlackRock Asset Management Private Limited (“AMC”) on the Jio BlackRock AMC Website and Mobile App to provide investors with a structured approach to investing in two or more schemes of the Jio BlackRock Mutual Fund (“Fund”) through pre-constructed model portfolios.
1.2. This Facility is optional, non-discretionary, non-customizable, and intended solely for the convenience of investors. Each Model Portfolio comprises a curated combination of existing schemes aligned to specific risk profiles and/or investment objectives of the underlying schemes.
1.3 It is important to note that these Model Portfolios are designed without reference to or consideration of any individual investor’s particular risk tolerance, financial situation, or distinct investment goals.
1.4 Investors retain full control and discretion over their investment decisions. Investors are free to select at their sole discretion whether or not to utilise the Facility or invest in any Model Portfolios. Investors are free to separately invest in one or more schemes included in a Model Portfolio, or in any other scheme, without utilising the Facility.
2. DEFINITIONS
2.1. Facility: Refers to the optional, non-discretionary, non-customizable, digital-only Model Portfolios Facility offered by the AMC.
2.2. Model Portfolio: A pre-constructed combination of two or more existing schemes of the Fund, aligned to scheme specific risk profiles and investment objectives, offered through the Facility.
2.3. Model Folio:
An investor account or folio linked exclusively to a single Model Portfolio under this Facility.
2.4. Rebalancing:
During a rebalancing window, the investor gets notified with the updated/ new allocation ratios if any for the schemes in their chosen Model Portfolio. Once the investor provides consent, the Model Folio is realigned to these new ratios with necessary switches of units between the schemes within a Model Portfolio.
2.5. Facility Cessation:
The status where a Model Folio no longer receives the Facility due to specific investor actions or at the discretion of AMC. Following Facility Cessation, the investor continues to hold the underlying units in the respective schemes as standalone investments, subject to the provisions of respective Scheme Information Documents (SIDs).
2.6 Jio BlackRock AMC Website and Mobile App: Refers to the AMC’s digital platforms where Model Portfolio as a Facility will be provided.
3. THE FACILITY
3.1. Nature of the Facility
The Facility is a transactional convenience feature to assist investors in executing orders in pre-set combinations set by the AMC and does not constitute a separate scheme, product, or advisory service.
The Facility is optional, non-discretionary and non-customizable at the investor level.
All transactions within a Model Folio must be transacted across all constituent schemes simultaneously and in accordance with the prevailing allocation ratios. Any transaction that does not adhere to this principle will result in Cessation of Facility. Investor initiated switches are not permitted in a Model Folio.
3.2. Access and Platform Restrictions
3.3. Investor Suitability and Risk Assessment
The Facility does not constitute investment advice or a recommendation, an offer to sell, a solicitation, or an advertisement or promotion of any scheme forming part of the Model Portfolio in any manner. The AMC strongly recommends that investors understand their risk appetite and investment objectives, and independently assess the suitability of the investment in relation to their financial situation and seek independent advice from financial and tax advisers as appropriate, before subscribing to any Model Portfolio.
By subscribing to a Model Portfolio, the investor confirms that they have independently assessed its suitability and their risk tolerance after having sought independent financial and tax advice they consider necessary.
4. SUBSCRIPTION AND INVESTMENT
4.1. Minimum Investment
The minimum amount required to subscribe to a Model Portfolio will be displayed on the AMC’s digital platforms at the time of subscription. This amount may vary for different Model Portfolios.
The minimum investment in any individual scheme within a Model Portfolio shall be as prescribed under the respective SID.
4.2. Folio Management
Each Model Folio is linked exclusively to a single Model Portfolio.
Consolidation of Model Folios under the Facility shall not be permitted.
4.3. Mode of Holding
Only Single mode of holding is available. Joint or Anyone or Survivor options are not offered.
5. PORTFOLIO COMPOSITION AND MANAGEMENT
5.1. Non-Customizable Portfolios
Investors shall not be permitted to modify the constituent schemes or their respective weightages within a Model Portfolio. Investors are however free to select at their sole discretion whether or not to utilise the Facility or invest in any Model Portfolios, and are free to separately invest in one or more schemes included in a Model Portfolio, or in any other scheme without utilising the Facility.
The AMC may, at its discretion, introduce additional Model Portfolios in the future that allow for customization, subject to regulatory provisions. Suitable notice cum addendums to SID/ statement of additional information (“SAI”)/ key information memorandum (“KIM”), as applicable, will be issued in this regard.
5.2. Additional Purchases 1. Additional purchases as a part of the Facility must be made via the Model Portfolio interface and shall adhere to the latest allocation ratios of the selected Model Portfolio.
The minimum additional purchase must meet or exceed the minimum investment amount specified for that Model Portfolio at the time of the transaction.
5.3. Redemptions
Investors may redeem units either partially or fully only through the AMC’s digital platforms and not through any other platforms or modes.
Partial Redemption: Must be executed in proportion to the latest Model Portfolio allocation ratio to maintain portfolio alignment.
Full Redemption: Shall result in the deactivation of the Model Folio. Any subsequent investment in the same Model Portfolio shall require the creation of a new folio.
5.4. Consequences of Non-Proportional Transactions
Any redemption transaction executed outside the prescribed Model Portfolio allocation ratio will result in Facility Cessation for that Model Folio. The investor will hold the units as standalone investments and will no longer receive Model Portfolio Facility for that folio.
Following Facility Cessation, the investor will continue to hold the units as standalone investments in the underlying schemes, and the Facility (including rebalancing alerts) will no longer be available for that Model Folio.
Additional purchases will not be permitted in the event of non-proportional redemptions. Investors wishing to invest in the same Model Portfolio must create a new folio corresponding to that Model Portfolio.
6. REBALANCING
6.1. Process and Frequency
The AMC may rebalance the Model Portfolios at predefined intervals, for which a rebalancing notification will be sent to the investors investing in the Model Portfolio, and subsequently consent shall be obtained from such investor for rebalancing their Model Folio. Each Model Portfolio may have a distinct rebalancing frequency.
Investors who have completed three months from the date of initial investment shall be eligible for rebalancing notifications.
Rebalancing may involve switching units between schemes in the Model Portfolio or may require additional investments by the investor or change in allocation ratios of the constituent schemes to ensure compliance with the minimum investment criteria of the schemes and the Model Portfolio.
Failure to act on rebalancing notifications shall not result in the deactivation of the Model Folio. However, the investor's portfolio allocation will continue to drift from the model's target allocation until they consent to a rebalancing.
6.2. Rebalancing Window and Execution
The rebalancing window shall remain open for one month from the date of communication by the AMC.
Upon receiving investor consent for rebalancing, the transactions will be processed, as per applicable SEBI provisions including but not limited to scheme specific cut-off timings and non-business days.
Any investment made before the commencement of the next rebalancing window will be executed based on the previous allocation ratios. Updated allocation ratios will apply only after the rebalancing window is open and investor has accepted the suggested rebalancing.
7. SPECIAL CONDITIONS AND RESTRICTIONS
7.1. Dematerialized Units: The Facility shall not be available for units held in dematerialized form. Investors will not be permitted to convert units held in a Model Folios into demat units.
7.2. Lien / Pledge:
Marking a lien or pledge on units within a Model Folio is permitted. However, such units may not be eligible for rebalancing where sale of lien marked / pledged units by the investor is required.
Upon invocation of a lien by the lien holder, the Model Folio shall undergo Facility Cessation.
7.3. Transmission: In the event of transmission of units, the Model Folio shall undergo Facility Cessation. The new unitholder(s) will hold the units as standalone investments.
7.4 Transfer: In the event of transfer of units, the Model Folio shall undergo Facility Cessation. The new unitholder(s) will hold the units as standalone investments.
7.5. Locked Folios: If a Model Folio is locked due to enforcement actions by any statutory or law enforcement authorities (e.g., SEBI, ED, CBI), or because the AMC is required to do so pursuant to an order of any governmental authority or under Applicable Law, internal investigation is ongoing vis-à-vis an investor, any dispute between investors and the AMC and/or at the discretion of the AMC, the Model Portfolio will be marked out of sync, and no further transactions under the Facility will be permitted.
8. CORPORATE ACTIONS AND SCHEME CHANGES
8.1. In the event of any corporate action or change affecting an underlying scheme (e.g., merger, winding-up, change in fundamental attributes), the AMC may take appropriate action to maintain the integrity of the Model Portfolio, subject to regulatory approvals, if any.
8.2. Such actions may include suggesting replacing the affected scheme, re-allocating weightages or a complete rebalancing of the Model Portfolio.
9. RIGHTS AND LIABILITIES OF THE AMC
9.1. The AMC reserves the right to modify, suspend, or discontinue the Facility at any time, subject to applicable regulations. Any changes shall be communicated through the Jio BlackRock AMC website.
9.2. None of the AMC, trustee company, sponsors, or its affiliates nor any person connected with them shall accept any liability arising from the use of the Facility.
10. INVESTOR ACKNOWLEDGEMENTS AND DISCLAIMERS
10.1. No Guaranteed Returns: The investor understands and acknowledges that subscribing to a Model Portfolio does not guarantee the achievement of financial goals or assure any returns. Past performance is not indicative of future results, and there is no assurance that investment objectives or goals will be met.
10.2. Tax Implications:
The investor acknowledges that investments, rebalancing, switches, and redemptions may have tax consequences (e.g., capital gains tax). Investors are advised to consult their tax advisor for guidance.
10.3. Scheme Documents:
The investor confirms they have read, understood, and agree to abide by the Scheme Information Document (“SID”), Key Information Memorandum (“KIM”), and Statement of Additional Information (“SAI”) of the schemes forming part of the Model Portfolio. Rebalancing and redemption transactions will be subject to the terms of the underlying SIDs, including any applicable exit loads. The investor acknowledges and agrees to the extent of any inconsistency, these terms and conditions displayed for the Facility, shall prevail over SID, KIM and SAI provisions.
11. DATA PRIVACY
11.1. The AMC is committed to protecting investors' personal data in accordance with the Digital Personal Data Protection Act, 2023, and other applicable laws.
11.2. By using the Facility, the investor consents to the collection, storage, processing, and sharing of their personal data as set out in the AMC's Privacy Policy, available on Jio BlackRock AMC Website.
12. FORCE MAJEURE
12.1. The AMC shall not be liable for any failure or delay in performing its obligations if such failure or delay is due to circumstances beyond its reasonable control, including but not limited to acts of God, war, terrorism, natural disasters, pandemics, governmental actions, regulatory changes, or system failures.
13. GOVERNING LAW AND DISPUTE RESOLUTION
13.1. These terms & conditions shall be governed by and construed in accordance with the laws of India.
13.2. Any dispute arising out of or relating to these terms & conditions shall first be attempted to be resolved amicably with the AMC. If a resolution is not reached or if complaint is not redressed satisfactorily, the dispute shall be referred to SCORES - https://scores.sebi.gov.in/scores-home. If not satisfied with the resolution of complaint through the AMC or the SEBI SCORES platform, complaint can be lodged on the Online Dispute Resolution (ODR) portal at https://smartodr.in/login.
14. FEES
No separate fee is charged by the AMC for providing the Facility. Investors will be subject to all standard charges applicable to the underlying mutual fund schemes, including but not limited to exit loads and expense ratios, as detailed in their respective SIDs.
15. TERMINATION OF FACILITY
15.1. In the event of a discontinuation or material modification of the Facility, the AMC shall provide existing investors with at least thirty (30) days' prior notice.
15.2. The AMC shall have the right to discontinue the Facility for any existing investor/s by providing a prior notice of thirty (30) days to such investor, without assigning any reason for such discontinuation.
15.3. Upon discontinuation, investors will continue to hold the units of the underlying schemes as standalone investments. The Model Portfolio interface and rebalancing notifications will no longer be available.
General Disclaimer for Model Portfolios
The Model Portfolios are provided as a facility solely for the convenience of investors and is optional, non-discretionary and non-customizable in nature. They do not constitute investment advice or a research report, or research analysis or a research recommendation or an opinion providing a basis for investment decision or a recommendation or a solicitation to invest in any scheme or a promotion of any scheme in any manner whatsoever. The AMC does not guarantee or assure achievement of any financial goal, targeted returns, or performance of these Model Portfolios.
The AMC provides this Facility on an execution-only basis. The AMC is not acting as a portfolio manager or investment adviser in respect of this Facility. The decision to invest in a Model Portfolio rests solely with the investor.
Investors are at all times free at their sole discretion to invest in any of the schemes included in the Model Portfolios separately and in any weighting/proportion as they may select at their sole discretion by logging in at www.jioblackrockamc.com or through any other official points for acceptance for the relevant scheme.
The display of the Model Portfolio and scheme(s) forming part of the Model Portfolio do not in any manner seek to offer bundled products to investors. The display of the Model Portfolios is not a recommendation as to the suitability of any Model Portfolio or any individual scheme and should not be construed as investment advice and does not intend to and should not be used as a basis for an investment decision in the Model Portfolios or in any scheme(s) forming part of the Model Portfolio. No fees are separately charged for providing the Model Portfolios, and the Model Portfolios are not tailored or customized to any individual investor’s requirements or risk appetite, and before acting on any information herein, investors should make their own assessment and seek appropriate professional advice as to the suitability of the Model Portfolios and the scheme(s) included in the Model Portfolios.
The minimum investment amount displayed on this page is for the Model Portfolio and is only applicable to investors investing through this Facility. The terms and conditions including the minimum investment amount for the underlying schemes will continue to be governed by the respective SID, KIM and SAI and investors are free to independently invest in any scheme comprised in this Model Portfolios or any other scheme managed by us, by visiting Jio BlackRock AMC Website and Mobile App https://www.jioblackrockamc.com/ or through any other official points for acceptance for the relevant scheme.
The Model Portfolio Facility is a digital facility and investment in the Model Portfolios is available to the investors who are also eligible to invest in the underlying schemes through the Jio BlackRock AMC Website and Mobile App. Transactions including redemption, purchase, switching in relation to the Model Portfolios through any other platform or mode (other than through Jio BlackRock AMC Website and Mobile App) are not permitted and if submitted, will not get processed without any specific intimation to the investor.
There is no assurance of any returns, capital protection or capital guarantee to investors in relation to the Model Portfolios or any scheme(s) included in the Model Portfolios. Past performance may or may not be sustained in future and is not a guarantee of any future returns. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before taking any investment related decision.
The Model Portfolios may be rebalanced by the AMC at such other times as may be deemed appropriate by the AMC, based on their internal assessment of market conditions, risk factors, and investment strategy. Any such rebalancing shall be communicated to the investors investing in the Model Portfolios. Rebalancing will take place subject to investor’s acceptance of the rebalancing notification. Neither the Model Portfolio nor its rebalancing cycle is a recommendation or advertisement or promotion of the underlying scheme(s) and this is merely a facility for investors convenience. For information on individual schemes, including product labels, risk-o-meter, and other disclosures, please refer to the respective SIDs and KIMs available on www.jioblackrockamc.com.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully