The information collected may also be used for the following purposes:
To send periodic SMS and/or emails to mobile number and/or email address provided. These mobile numbers and/or email IDs may be used to send you information and updates pertaining to your order or request, in addition to receiving periodic news / updates / promotions / related product or services provided by LICMF and its group companies / subsidiaries and also informative and educative material(s) that we deem appropriate.
User / User Entity agrees and acknowledges that as part of Online KYC process, account opening and transaction process, MF/AMC is collecting required information (including personal and sensitive information) from the current and/or prospective investor(s) through various sources and stored and processed by KYC platform provider, RTA (Registrar and Transfer Agent) and other service and/or platform providers who are appointed and/or engaged for this process and other ancillary processes, and as hence such data is stored, maintained and used by all such entities and/or service providers along with MF/AM and the RTA for seamless processing of transactions initiated by the investors and/or distributors, partners, etc.. During such processing, data is shared with various stakeholders including Banks, Distributors, Postal and Courier agencies, payment service providers, printers, Depositories, Exchanges and so on. AMC/RTA will also carry on data mining using available information for product enhancement, service delivery excellence, digital initiatives, sending email communication on various developments or for regulatory purpose and so on. There are times, where additional information is collected, or existing information are changed, including information collected through third parties like KRAs, etc. and these shall also be used for the above said purposes. User / User Entity should take note of such process and explicitly understand such necessity for flow of information with various stakeholders.
User / User Entity, by choosing to conduct the Online KYC process and invest in the Mutual Fund and / or having electronic access to LICMF and/or its RTA Database / server, is construed to have provided explicit consent to AMC, its RTA and other entities engaged by AMC to process (current and/or prospective) investor data in their roles as per existing & prospective processes determined by MF/AMC from time to time.
User / User Entity agrees to abide by LCIMF AM’s Terms and Conditions and rules in force and the changes in Terms and Conditions from time to time relating to the user’s account and data access
The User / User Entity acknowledges that all information provided for this process and/or application is obtained by LICMF from sources believed by LICMF to be accurate and reliable. Because of the possibility of human and technical error as well as other factors, LICMF is not responsible for any errors or omissions.
The User / User Entity acknowledges that the development of the products and services of LICMF is a continuous process and published information on the Internet may not be up to date.
The User / User Entity acknowledges that the formats, update frequency and retention period of the information will be decided at the sole discretion of LICMF.
The User / User Entity acknowledges that all information is provided on 'as is' basis without warranty of any kind. LICMF makes no representation and disclaims all express, implied and statutory warranties of any kind to the user and/or any third-party including warranties as to accuracy, timeliness, completeness, merchantability or fitness of the information for any particular purpose.
User / User Entity agrees that LICMF will send suitable communications/letters/alerts, notifications; One Time Passwords etc. through SMS/messenger/mail or through any other mode to the Users at its discretion and LICMF shall not be liable for any loss or delay arising therefrom.
User / User Entity agrees that LICMF shall not be liable for any damages, losses (direct or indirect) whatsoever, due to disruption or non-availability of any of services/facility/s due to technical fault/error or any failure in telecommunication network or any error in any software or hardware systems.
User / User Entity agrees that LICMF may disclose customer information, in strict confidence, to any of its agent/s and/or contractors with whom LICMF enters or has entered into any outsourcing arrangement in connection with providing of services.
Declaration, Certification & Signature
I/We hereby allow LICMF AM (AMC), LICMF Mutual Fund (LICMF) to utilize my/our KYC information such as identity (name, PAN, age etc.), address and signature for the purpose of validation and to comply with the legal and regulatory requirements. I hereby accept that for any transactions that are submitted offline i.e. with wet signatures, the signature submitted and/or available in my/our KYC / other appropriate records would be used for signature verification and in the event of such signature not being available or legible, the AMC would be within its rights to carry out further checks to validate the authenticity of the request or reject any such offline request.
I/We hereby allow LICMF/AMC to capture and record my/our geo-location tagging to ensure my/our physical location in India at the time of submitting my/our online KYC application.
Aadhaar Declaration:
I/ We hereby provide my/our 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. I/We hereby provide my/our consent for sharing/disclosing of the Aadhaar number(s) including demographic information with the Asset Management companies of SEBI registered Mutual Fund (s) and their Registrar and Transfer Agent (RTA) for the purpose of updating the same in my/our folios with my PAN.FATCA
I / We have understood the information requirements of the FATCA & CRS along with Instructions and hereby confirm that the information provided by me/us in this regards 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 you 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;Certification
I / We hereby declare that the information provided and/or to be provided further as part of KYC and mutual fund investment account creation thereafter, is to the best of my knowledge & belief, accurate and complete. I agree to notify LIC Mutual Fund Asset Management Ltd. / KYC Registration Agency (‘KRA’) in the event of the above information changing hereafter. I / We hereby acknowledge and confirm compliance with the following for availing of the online KYC and/or transaction facility are detailed below: I / We acknowledge and agree/declare that:Applicable to NRIs only:
I/We hereby declare that all the particulars given herewith are true, correct and complete to the best of my/our knowledge and belief. I/ We further agree not to hold the AMC / LICMF, its sponsor, their employees, authorised agents, service providers, representatives of the distributors liable for any consequences/losses/costs/damages in case of any of the information or particulars being false, incorrect or incomplete or in case of my/our not intimating/delay in intimating any changes to the above particulars. I/We hereby authorise LICMF to disclose, share, remit in any form, mode or manner, all/any of the information provided by me/ us, including all changes, updates to such information as and when provided by me/us, to any Indian or foreign governmental or statutory or judicial authorities/agencies, the tax/revenue authorities, other investigation agencies and SEBI registered intermediaries without any obligation of advising me/us of the same. I/We hereby agree to provide any additional information/documentation that may be required in connection with this application. Certification: I/We have understood the information requirements of this Form (read along with the FATCA-CRS Instructions), and hereby certify 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-CRS Terms and Conditions and hereby accept the same. I/We agree to indemnify LIC Mutual Fund Asset Management Ltd. / LIC Mutual Fund in respect of any false, misleading, inaccurate and incomplete information regarding my/our “U.S. person” status for U.S. federal income tax purposes. or in respect of any other information as may be required under applicable tax laws.
I/We hereby allow LICMF/AMC to capture and record my/our geo-location tagging to ensure my/our physical location in India at the time of submitting my/our online KYC application.
I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account on a Repatriation Basis and/or Non-Repatriation Basis. I/We further declare that I/We am/are not a citizen of USA/Canada.
Valued Patrons,
Please note that we will be experiencing video KYC services downtime on 24th December 2021 between 10:30 PM to 1:30 AM 25th December 2021 due to maintenance.
The video KYC services will not be available during the scheduled downtime period.
We apologise in advance for any inconvenience that may be caused.