Binding Service Agreement: Welcome to DK FIINSERV (ARN-133557). By navigating our website (https://dkfiinserv.com/), interacting with our digital investment tools, or engaging our physical or digital mutual fund distribution desk, you agree to be bound by these Terms and Conditions in full. Please read this document carefully before initiating any financial transactions.
1. DEFINITIONS & OPERATIONAL INTERPRETATIONS
DEFINITIONS
Throughout these Terms and Conditions, the following legal and regulatory terms carry specific operational definitions:
🏢 "The Entity / Distributor"
Refers to DK FIINSERV, an AMFI-registered Mutual Fund Distributor holding ARN-133557 and EUIN E223074, operating from Mumbai, Maharashtra.
👤 "Investor / User / Client"
Refers to any individual, NRI, HUF, Corporate, Trust, or Partnership firm accessing https://dkfiinserv.com/ or engaging the Entity for mutual fund transactions.
🏦 "AMC & RTA Network"
Refers to SEBI-registered Asset Management Companies and their designated Registrars and Transfer Agents (CAMS and KFintech) responsible for unit allotment and folio maintenance.
🌐 "Execution Portal"
Refers to the digital infrastructure on https://dkfiinserv.com/, including third-party exchange feeds (BSE StAR MF, NSE NMF II, MF Central) utilized to route order payloads.
2. INTERMEDIARY CAPACITY & SERVICE SCOPE
SCOPE & ROLE
The operational boundaries and statutory limits of our distribution services are structured under SEBI (Mutual Funds) Regulations, 1996, as follows:
- Distributor Status: We act purely as an AMFI-registered Mutual Fund Distributor (ARN-133557). We facilitate investments in Regular Plans of mutual fund schemes, where we receive trailing commission directly from Asset Management Companies as disclosed in our Commission Disclosure policy.
- Non-Discretionary Mandate: We operate strictly on an execution-only, non-discretionary basis. We do not exercise investment control over investor bank accounts or folios, and all order instructions require explicit user authentication.
- Separation from Advisory Role: Services provided under ARN-133557 are incidental distribution services and do not constitute fee-based Investment Advisory under SEBI (Investment Advisers) Regulations, 2013. Investors seeking fee-only advice may consult a SEBI-registered Investment Adviser (RIA).
- No Performance Guarantees: Mutual fund investments are subject to market risks, including loss of principal. We do not provide capital safety guarantees, assured returns, or fixed profit promises on any scheme.
3. USER ELIGIBILITY, ONBOARDING & MANDATORY KYC
ELIGIBILITY
To execute transactions through our portal or physical desk, investors must maintain strict compliance with statutory Indian laws and SEBI Know Your Customer (KYC) norms:
| Requirement Category |
Statutory Condition & Operational Rule |
| Legal Capacity |
Users must be competent to enter into binding contracts under the Indian Contract Act, 1872 (18+ years of age for individuals, or duly authorized signers for non-individual entities). |
| KYC Registration |
Investors must hold an "In-Person Verified" (IPV) KYC status registered with a SEBI-recognized KRA (CVL, NDML, CAMS KRA, Karvy) backed by valid PAN and Aadhaar records. |
| Bank Account Verification |
All transaction payments must originate from a verified bank account where the investor is listed as a primary or joint holder. Third-party payments are strictly rejected. |
| FATCA / CRS Declarations |
Tax residency declarations must be accurately disclosed during onboarding. US Persons or tax residents of outside jurisdictions must provide statutory FATCA/CRS self-certifications. |
4. TRANSACTION EXECUTION, NAV APPLICABILITY & CUT-OFF TIMINGS
CUT-OFF RULES
Order submissions across purchase, SIP, redemption, STP, and SWP instructions are strictly governed by SEBI cut-off timing regulations and banking clearance workflows:
- Applicable NAV Determination: In accordance with SEBI circulars, the applicable Net Asset Value (NAV) for purchase/subscription transactions across all mutual fund schemes (including Liquid and Overnight funds) is determined based on the date and time when funds are actually realized in the AMC's bank account, regardless of when the order payload was submitted.
- Official Cut-Off Windows: Standard cut-off time for receiving order submissions on our portal is 2:30 PM IST for Liquid/Overnight schemes and 2:30 PM IST for Equity/Debt/Hybrid schemes to ensure timely transmission to RTAs before the official SEBI deadline of 3:00 PM IST.
- Order Transmittal & Processing: Orders submitted after portal cut-off times or on non-business days (Saturdays, Sundays, and public bank holidays) will be processed on the next immediate business day.
- System Delays & Bank Gateways: DK FIINSERV is not responsible for NAV variances or transaction failures resulting from payment gateway outages, clearing house (NPCI) delays, or RTA server downtime.
5. INTELLECTUAL PROPERTY & WEBSITE USE RESTRICTIONS
PROPRIETARY RIGHTS
All content, software code, design templates, calculators, and brand elements published on https://dkfiinserv.com/ are protected under Indian Intellectual Property laws:
🔒 Ownership & Copyright
All text, underlying PHP/CSS code, graphic icons, domain names, and brand marks are the exclusive property of DK FIINSERV.
🚫 Prohibited Scraping & Copying
Users may not scrape, frame, reproduce, reverse-engineer, modify, or commercially distribute any site code or content without explicit written consent.
6. LIMITATION OF LIABILITY & INDEMNIFICATION CLAUSES
LIABILITY LIMITS
Limitation of Damages: Under no circumstances shall DK FIINSERV, its proprietor, employees, or technology providers be held liable for indirect, incidental, consequential, or punitive losses arising from market declines, missed transaction deadlines, or technical interruptions.
- Market Loss Disclaimer: Investment risk lies entirely with the investor. Portfolio value changes resulting from market volatility, interest rate adjustments, or macroeconomic events are solely borne by the client.
- Technical Exemption: We are not liable for transaction rejections caused by invalid PAN status, incorrect bank details, unverified email/mobile credentials, or failure of third-party verification API nodes.
- Indemnification Mandate: You agree to defend, indemnify, and hold harmless DK FIINSERV against any legal claims, liabilities, damages, or administrative penalties resulting from your violation of these Terms, submission of inaccurate details, or breach of tax laws.
7. AMENDMENTS, GOVERNING LAW & JURISDICTION
JURISDICTION
Policy Modifications
We reserve the right to revise or update these Terms and Conditions at any time to reflect SEBI regulatory changes, AMFI directives, or structural enhancements. Revisions take immediate effect upon publication on https://dkfiinserv.com/. Continued use of our portal constitutes acceptance of revised terms.
Legal Jurisdiction
These Terms and Conditions shall be governed, construed, and enforced exclusively in accordance with the laws of the Republic of India. Any legal actions, regulatory disputes, or arbitrations arising out of these terms shall be subject to the exclusive jurisdiction of the competent courts located in Mumbai, Maharashtra, India.
