Recommended Funds

P
AT WE RECOMMEND

analyze funds with as long a comparable history as possible and only within their peer group. For a look at our methodolo
here. Please note that while we hope that these recommendations would be useful for investors, you are also advised to loo
spectus and do your own further research before making your investment decisions.

vestors to have a diversified portfolio that is spread over the whole world. The recommended funds should not be seen as be
d in isolation. These funds are what we would recommend amongst their peer groups if you would like to invest in a fund fro
tor or region. So, if you are interested in funds from one region like Japan, then you can see the recommended funds we h
an region. There is little basis of comparing a Japan fund with a Europe fund.

who are also interested in an allocation to the various sectors, we suggest that you refer to our Sector Star Ratings page wh
ews towards the various regions. For aggressive investors who wish to take more risk for the purpose of potentially hig
an take note of the articles we sometimes put out highlighting Fundsupermart's view of a particular region. For a more deta
why we recommend any particular fund, please click on the recommended fund's name below:
Debt Balanced Fund of Funds
Performance (Annualised)
Fund 1 2 3 5
Funds
Class yea year year year
r s s s
Equity -
Banking &
ING FUND- GROWTH Financial 56.37 50 27.99 28.44
Services
Sector
Equity -
AL DISCOVERY FUND- GROWTH 40.13 46.72 19.86 21.82
Contra
Equity -
LUE FUND- GROWTH 47.38 37.46 17.45 18.59
Contra
Equity -
K TOP 100 EQUITY FUND- GROWTH 24.08 27.08 13.36 25.61
Diversified
Equity -
UND- GROWTH 43.57 39.33 18.09 27.33
Diversified
Equity -
ND- GROWTH 33.46 34.61 17.99 27.37
Diversified
Equity -
ELD FUND- GROWTH Dividend 36.61 36.48 19.43 23.96
Yield
Equity -
R- GROWTH 39.67 34.39 13.02 20.86
ELSS
Equity -
DVANTAGE FUND- GROWTH 40.37 34.22 14.26 -
ELSS
Equity -
G FUND- GROWTH - - - -
FMCG
 ECONOMIES INFRASTRUCTURE FUND PLAN A- Equity -
12.02 - - -
Global
Equity -
NATIONAL OPPORTUNITIES FUND- GROWTH 28 23.28 9.09 -
Global
Equity - IT
K TECHNOLOGY.COM FUND- GROWTH 24.44 25.5 5.74 21.3
Sector
Equity -
ND SENSEX PLUS PLAN- GROWTH 23.83 26.48 10.32 21.75
Index
Equity -
AL INFRASTRUCTURE FUND- GROWTH Infrastructur 16.73 17.2 8.49 25.41
e
Equity -
K INDIA T.I.G.E.R. FUND- GROWTH Infrastructur 24.22 25.19 5.89 23.48
e
Equity - Mid
WTH FUND- GROWTH 31.62 30.67 14.6 25.17
Cap
Equity - Mid
K MICRO CAP FUND- GROWTH 69.09 45.12 16.19 -
Cap
Equity -
MA FUND- GROWTH Pharmaceutic 59.66 51.19 28.1 28.7
al

BANKING FUND- GROWTH

nking Fund is the best banking sector fund on our platform (in terms of overall ranking) over a review period of 5 years (
2005 to 30 June 2010).

s been a consistent outperformer among other banking sector funds on our platform. This fund has always been ranked No
umulative performance in all the review years (as at June 2010).

ne 2010, the fund has close to 58% of its assets in large- cap banking and financial stocks, 36% is in mid-cap banking a
stocks and over 5% in cash equivalent investments.

the lowest expense ratio in the banking sector category funds which has a and the category average expense ratio is at 2.41%

not only the best performing but is also clearly by far the largest banking sector fund in terms of of Assets under Manageme
assets with close to Rs. 1200 crores of AUM as at June 2010.

Investor must note that a sector fund is affected by general market risks ( as given in the offer document/scheme informati
nd sector risks that affect all the companies in an industry. Hence, every sector fund has the highest risk rating and on
h an above average risk rating can consider investing in this fund
 iFAST FINANCIAL INDIA PRIVATE LIMITED

INVESTMENT ACCOUNT TERMS AND CONDITIONS

The following terms and conditions apply to all Investment

Accounts opened and maintained with iFAST Financial India
Private Limited (iFAST):

1.                 INTERPRETATION

"Investment Account" means the account on

which the Customer effects the Transactions
pursuant to these terms and conditions;

"AMC" means an Asset Management Company

licensed by SEBI as an asset manager;

"Application Form" means the Application Form

provided by iFAST to the Customer in accordance
with its general operating procedures for the
application by the Customer to open an Account;

"Business Day" means a Business Day or Working

Day or a day by any name called on which the AMC
accepts applications forms and as more specifically
defined in the Offer Document of the respective
schemes;

"Codes" shall have the meaning ascribed to it in

Clause 8.2;

"Customer" means any person or persons who

hold(s) and operate(s) an Account with iFAST to
invest in various Products including but not limited to
units in various Mutual Funds as may be offered by
the AMC from time to time.
 "Electronic Services" shall have the meaning
ascribed to it in Clause 8.1;

"Fees" means and includes upfront fees or such

other fees by whatever name called charged by
iFAST or Product Provider, as decided and / or
amended from time to time.

"iFAST" means iFAST Financial India Private Limited

and include its successors and assigns;

"Key Information Memorandum" means abridged

Offer Document and prospectus of the Mutual Fund
that is a part of the scheme's application form.

"KYC" means Know Your Customer policies in

respect of money laundering, corruption and
terrorism, which are appropriate for the line of
business, which meets or exceeds the applicable
regulatory and industrial requirements aimed at
ascertaining the Customer's identity and where
appropriate or required by the regulatory authorities.

"Loss" means any and all loss, damage, costs,

charges and expenses of whatsoever nature and
howsoever arising, including legal fees on a full
indemnity basis;

"Mutual Funds" shall mean various Mutual Funds

registered with SEBI.

"NAV" shall mean the Net Asset Value of the Units

of the Mutual Funds and the plans and options
therein, calculated on every Business Day, in the
manner provided in the Offer Document of the
respective Mutual Funds or as may be prescribed by
SEBI regulations from time to time;
 "Offer Document/ Scheme Information
Document/ Statement of Additional
Information" means the document issued by the
AMC, as amended from time to time (including by
way of addendum), offering Units of the respective
schemes/ plans for subscription;

"Officer" means any officer or employee of iFAST;

"Order" means any authorisation, request,

instruction or order (in whatever form and howsoever
sent) given or transmitted, to iFAST or any Service
Provider, by the Customer or which iFAST or an
Officer or Service Provider reasonably believes to be
the authorisation, request, instruction or order of the
Customer;

"Person" includes any government, statutory body,

corporate, business, firm, partnership, cooperation or
unincorporated body;

"Personnel" means the directors, officers,

employees, servants, agents and employees of
iFAST;

"Products" means any financial product offered by

iFAST including Mutual Funds, portfolio management
or any other collective investment scheme or any
financial and non financial product authorised or
recognised by SEBI or any other regulatory
authorities (or deemed to be authorised or
recognised under law) and distributed by or made
available through iFAST from time to time ("financial
products");
 "Product Providers" means an entity offering any
Products on iFAST platform.

"SEBI" means the Security and Exchange Board of

India;

"Service Provider" means and includes any Person

acting as a service provider on behalf of iFAST;

"Transaction" means any transaction (both

financial and non financial transaction) effected
under the Investment Account in respect of any
financial products / Mutual Funds and includes
applications for subscription, switching, transferring
and redemption of Units in any Mutual Funds;

"Unit" means an interest of an investor(s) in the

scheme of Mutual Funds consisting of each unit
representing one undivided share in the net assets of
that scheme as evidenced by the account
statement ;

2.                 SCOPE AND APPLICATION

2.1              The terms and conditions herein shall apply to

provisions by iFAST to the Customer of all transaction
facilities in respect of all Products including Mutual
Funds under the Investment Account.

2.2              iFAST reserves the right to add to, amend or vary

any of these terms and conditions at any time in its
sole and absolute discretion and any additions,
amendments or variations shall take effect and bind
each Customer from such date as iFAST may
prescribe. A Customer shall be deemed to have
agreed to any addition, amendment and/or variation
without reservation, whether or not the Customer
 gives iFAST any Orders subsequent to the said
change in terms and conditions.

3.                    GENERAL CONDITIONS

3.1              The Customer agrees that the transactions carried

out through the website in Units of various schemes
offered by the Mutual Funds shall be subject to the
provisions contained in the respective Offer
Documents / Scheme Information Document /
Statement of Additional Information / Key
Information Memorandum (as updated by issue of
relevant addenda).

3.2              The Customer authorises, consents and agrees to

the disclosure by iFAST and/or any of its Officers or
agents, at any time and from time to time, of any or
all information in respect of any particulars of the
Customer, the Transactions or the Investment
Account to any Person as iFAST may, in its sole and
absolute discretion, deem fit, appropriate or
necessary, or when such disclosure is made in
accordance with applicable laws.

3.3              The opening of Investment Account is subject to the

satisfactory completion of the account opening form
and acceptance by iFAST. Upon acceptance, iFAST
shall register the Customer after due compliance with
respect to KYC and Prevention of Money Laundering
Act.

3.4              The Investment Account provided to the Customer

comprises of a non-transferable, revocable and non-
exclusive license to use the Investment Account and
website and other facilities and services for bonafide
purposes only.
3.5              The relationship between Customer and iFAST shall
be on a principal-to-principal basis. The Customer
shall have no right whatsoever to bind or act on
behalf of iFAST.

3.6              The Customer(s) should ensure that the amount

invested in the Products offered by iFAST including
Mutual Funds is through legitimate sources only and
does not involve and is not designated for the
purpose of any contravention or evasion of the
provisions of the Income Tax Act, Prevention of
Money Laundering Act, Prevention of Corruption Act
and/or any other applicable law in force and also any
laws enacted by the Government of India from time
to time or any rules, regulations, notifications or
directions issued thereunder. To ensure appropriate
identification of the Customer(s) under KYC policy
and with a view to monitoring Transactions, iFAST
reserves the right to seek information, record
Customer's telephone calls relating to Customer
information to iFAST and/or obtain and retain
documentation for establishing the identity of the
Customer, proof of residence, source of investments,
etc. iFAST may re-verify identity and obtain any
incomplete or additional information from the
Customer for this purpose.

3.7              The Customer shall provide iFAST with a copy of a

valid Permanent Account Number ("PAN") card,
including any other documents for address
verification and any other details as required in the
format as may be prescribed by iFAST and iFAST will
further get these details verified with the CDSL
Ventures Limited ("CVL") or any other authority or
body that may be appointed for providing KYC
verification by the regulator from time to time. Once
iFAST gets a confirmation from CVL or any other
relevant authority with respect to PAN and other
 details of such Customers as required for the purpose
of confirming the KYC, iFAST shall grant registration,
access and use of the website and Investment
Account to such Customers. If any Transaction is
undertaken by the Customer without providing a
valid PAN or other details, then it will be at the sole
liability of the Customer and iFAST will not be liable
in any way whatsoever. Furthermore Customer shall
indemnify iFAST against all actions, proceedings,
claims, losses, liabilities, penalties, demands and
costs arising out of the Customer undertaking a
Transaction without a valid PAN and /or other
legitimate details.

3.8              In cases where Customer is non-individual investor,

Customer represents that it has the authority to bind
the said entity to these terms and conditions and
that the Customer shall personally sign the terms
hereof or through its authorised signatories.

3.9              Customer shall not, without the prior written

consent of iFAST, assign, charge or encumber any
Investment Account or the Customer's rights therein,
or create or permit to create, in favour of any Person
(other than iFAST) any interest by way of trust or
otherwise in any Investment Account. iFAST shall not
be required to recognise any Person other than the
Customer as having any interest in any Investment
Account. However in cases where in Customer
requests to mark lien on his Mutual Fund units,
(provided that the underlying Products and Product
Provider's terms of offering the Product do not state
otherwise) in all such cases Customer shall have to
convert the online folio into an offline folio in order to
meet the requirement of lien against his Mutual Fund
Units.
 3.10          The Customer agrees and accepts that iFAST has
the sole discretion to restrict a particular set / class
of Customer from dealing with iFAST..

3.11          iFAST may engage or appoint any Person (who is

not an Officer or related to iFAST) to carry out any
Order or to exercise any authority granted to iFAST
by the Customer whether under this terms and
conditions or otherwise. In making such engagement
or appointment, iFAST shall not be liable to the
Customer for any Loss suffered or incurred by the
Customer as a result of any act or omission of such
Person.

3.12          The Customer's relationship with iFAST, the

operation of the Investment Account and the
implementation of all Orders shall be subject at all
times to the applicable laws. iFAST may take or
refrain from taking any action whatsoever, and the
Customer shall do all things required by iFAST, in
order to procure or ensure compliance with
applicable laws.

3.13          Customer shall be responsible for the systems used

by Customer with respect to dealings with iFAST and
for various security measures which Customer has to
take to prevent unauthorised access to details
relating to the dealing with iFAST through the
website, and iFAST shall not be liable for any such
unauthorised access.

3.14          The Customer hereby agrees to ratify and confirm

all Transactions and all acts and things done or
caused to be done or effected by iFAST on the
Customer's behalf in relation to the Investment
Account or the Units held on behalf of the Customer
and agrees that such Transactions, acts and/or
 things done shall also be governed by these terms
and conditions.

3.15          The Customer hereby irrevocably appoints iFAST

through any of its directors or officers as the
attorney of the Customer for each and all of these
terms and conditions and authorises such directors or
officers of iFAST to sign and execute all documents
and perform all acts in the name and on behalf of the
Customer in connection therewith, whether in respect
of any Transaction relating to the Investment
Account or these terms and conditions (including the
protection or preservation of any of iFAST's rights
and remedies hereunder and the payment of all Fees
and monies due and owing to iFAST by the
Customer) or in respect of anything required to give
effect and/or substance thereto. For the avoidance of
doubt, nothing in this Clause shall impose any
obligation on iFAST to take any action or exercise
any rights as the Customer's attorney and iFAST shall
at all times have the absolute discretion in
determining whether or not to exercise any of its
powers as the Customer's attorney hereunder.

3.16          Whenever the Customer receives any statements of

account, contract notes (if applicable), confirmations
or notifications in respect of any Order or any
document (the "Statement") provided in relation to
the Investment Account from iFAST, the Customer
agrees that it will inform iFAST of any mistakes or
omission or disagreements within seven (7) days
from the date of the relevant Statement. If the
Customer fails to do so, the Customer is deemed to
have agreed to the contents in such Statement and
will no longer have the right to dispute the accuracy
of the Statement. Accordingly, iFAST has the right to
treat the Customer's silence as the Customer's
representation that the statement is accurate.
 Nothing in this Clause shall prevent iFAST from
unilaterally amending any such statement for any
inaccuracy it detects.

3.17          Any instructions (oral or otherwise) purported to be

given by any person other than the Customer, need
not be acted on by iFAST but iFAST is authorised to
act on any and all such instructions which iFAST
believes in good faith, or has reason to believe, is
from the Customer as soon as such instructions have
been received by iFAST in writing, fax, or email
correspondence thereof. iFAST shall not be liable for
any loss, damage, cost, charge and expense incurred
by the Customer as a result of iFAST so acting.

4.                    iFAST RIGHTS

4.1              iFAST has full rights to reject the Investment

Account opening form of any Customer at its sole
discretion without assigning any reason.

4.2              Without limiting other remedies, iFAST may issue a

warning, temporarily suspend, indefinitely suspend or
terminate a Customer's Investment Account and
refuse to provide any Products and services to
Customer if: (a) the Customer breaches any of these
terms and conditions or the linked policies and
information incorporated herein by reference,
including our written policies and procedures posted
on the website; (b) iFAST is unable to verify or
authenticate any information Customer provides to
iFAST or on the website; or (c) iFAST believes that
Customer's actions may cause legal liability for the
Customer, iFAST or Service Providers. Once
temporarily suspended, indefinitely suspended or
terminated, Customer may not continue to use the
website under the same Investment Account, a
different Investment Account or re-register under a
 new Investment Account, subject to discretion of
iFAST.

4.3              In the event of termination for any reason

whatsoever, iFAST shall be entitled to recover all
outstanding Fees, charges and dues from Customer.

5.                    Transaction Processing

5.1              The Customer may instruct iFAST to execute any

Transaction by placing an Order with iFAST and/or its
Service Provider. The Customer understands that an
Order once placed with iFAST cannot be revoked.
Upon the receipt of such Order, iFAST shall execute
the Transaction by placing an order with the relevant
AMC. The Order becomes irrevocable immediately
after iFAST or Service Provider has received the
Transaction on behalf of Customer. In the case of an
Order for the subscription of Units, iFAST shall
execute the Transaction by placing the Order with
the relevant AMC, where the subscription is settled
by Service Provider , upon the receipt of the Order
and on a cleared-fund basis or, in the sole and
absolute discretion of iFAST, upon the receipt of the
Order .

5.2              Orders placed by the Customer with iFAST may be

aggregated and consolidated either daily or from
time to time by iFAST together with orders placed by
iFAST's other customers or any other Person whom
iFAST deems fit, for the purposes of placement of the
orders by iFAST with the relevant AMC.

5.3              Orders received by iFAST on any Business Day

before the relevant cut-off time (as may be specified
by iFAST in its sole and absolute discretion) shall be
consolidated with other orders (if any) for placement
with the relevant AMC on the same Business Day.
 Orders received after the specified cut-off time shall
be deemed to be an Order received by iFAST on the
next Business Day and shall only be placed with the
relevant AMC on the next Business Day.

5.4              Customer agrees and confirms that all the

authorised and complete Transactions will be
processed at the applicable NAV (as defined in the
Offer Documents / Scheme Information Documents
of respective schemes of Mutual Funds) subject to
realization / utilization of the funds and acceptance of
the Transactions by the Mutual Funds / their
authorised representatives.

5.5              Where iFAST has placed a consolidated Order for the

subscription of Units or for the switching of Units with
the relevant AMC, the AMC will (subject to the AMC's
right to refuse or reject any such order pursuant to
the trust deed and/or Offer Documents/Scheme
Information Documents and/or addendum of the
relevant scheme) issue the relevant Units to and
register the Units in the name of the Customer.

5.6              Customer agrees that Customer shall be responsible

for all Transactions conducted through the website
and records generated by iFAST / its authorised
representatives shall be conclusive proof of the
Transaction being undertaken and shall be binding on
Customer and may be used as an evidence in any
proceedings, legal or otherwise. In case of any
discrepancy with regard to a Transaction, Customer
agrees to notify iFAST / its authorised
representatives within 7 days of receipt of the record
of such transaction.

5.7              In respect of Transactions involving Units

purchased, iFAST will send the confirmation notes
and statements to the Customer in respect of all
 Transactions in the Investment Account by email or
any other mode as provided by iFAST from time to
time. .

5.8              The Customer acknowledges that any AMC which

receives the order from iFAST is not obliged to accept
the order in part or whole. iFAST shall not be liable or
responsible for any action or rejection on the part of
any AMC in respect of any Order. iFAST shall have no
responsibility or liability for ensuring that the
relevant AMC allots the Units or for any Losses
(including any loss of investment opportunity) which
the Customer may suffer or incur as a result of any
refusal to accept or delay in accepting such Order by
the AMC.

5.9              The Customer acknowledges that the issue prices

and redemption (realisation) prices are determined
by the AMC in accordance with the prescribed
procedures on any Business Day. Accordingly, any
price or value quoted by iFAST to the Customer in
respect of any Unit in any Mutual Funds is not
conclusive and is indicative / historic only. The
Customer hereby agrees that in placing an Order,
Customer is not relying on any such information
provided to him/her by iFAST and acknowledges that
the applicable issue or redemption price in relation to
the Customer's Order may be different from the
indicated or quoted / historic prices.

6.                 RISKS

6.1              The Customer acknowledges that investments in

financial products including Mutual Funds are subject
to investment risks and market risks, including
possible loss of the principal amount invested. The
Customer represents and warrants that the Customer
 understands and is fully aware of the risks involved
in investing in financial products including Mutual
Funds

6.2              In relation to investments into Mutual Funds or any

financial products, the Customer acknowledges that
the Customer has read and understood or will obtain
from either iFAST or the relevant AMC up-to-date
versions of the Scheme Information Document, Offer
Document, Statement of Additional Information and
Key Information Memorandum of the respective
scheme or any other documents by whatever name
called issued by Product Provider including risk factor
and disclaimer as contained in the Offer Document
and addendum issued by the scheme or any
materials supplied by the relevant AMC / Product
Provider that might exist on the date of the
Transaction and the date of the Order given by the
Customer to iFAST prior to placing any Order with
iFAST to subscribe for Units in such Mutual Funds.
The Customer acknowledges and agrees that iFAST
shall bear no liability or responsibility whatsoever to
the Customer for any error, misstatement or
omission in any Scheme Information Documents,
Statement of Additional Information or Offer
Documents or report or any other material prepared
by or issued by any AMC/ Product Provider, or willful
action or omission, default, fraud or negligence by
the AMC/ Product Provider.

6.3              iFAST accepts no responsibility and will bear no

liability to the Customer for giving any
recommendation or advice to the Customer as to
whether to invest or not to invest in any financial
products, or in connection with the performance of
any Mutual Fund schemes. The Customer
acknowledges the desirability and importance of
seeking independent financial or professional advice
 with respect to any dealings or investments in any
financial products including Mutual Funds or
investment opportunities. The Customer
acknowledges that any dealings or investments
under the Investment Account in any such financial
products including Mutual Funds is solely and
exclusively made by the Customer based on the
Customer's own judgment and after the Customer's
own independent appraisal and investigation into the
risks associated with such dealings or investments
have been made.

6.4              The Customer acknowledges that any investment in

any financial products offered currently or in future
by iFAST may be subject to a lock in period as
provided in the Offer Document/ Scheme Information
Document/Statement of Additional
Information/addenda or any other terms and
conditions issued by Product Provider / issuer and
the Customer may not be entitled to redeem till the
maturity period is completed.

7.                 TRANSACTION LIMITS AND RESTRICTIONS

7.1              iFAST may, at any time0 in its sole and absolute

discretion, impose upon the Customer any position or
Transaction limits, or any trading or Transaction
restrictions. Such limits may include minimum sizes
for Transactions, specified times or procedures for
communicating Orders to iFAST or otherwise. Such
limits may also be set by a regulatory, statutory or
such other body as may govern the Transactions. In
placing Orders with iFAST, the Customer shall not
exceed any limits or breach any restrictions, whether
imposed by iFAST or any such body.

7.2              iFAST shall have the absolute discretion whether to

accept and partially execute any Order to ensure that
 the relevant limit or restriction imposed is not
breached or to entirely reject such Order.

7.3              The Customer shall at all times ensure that the

Customer does not transact on the same Folio
Number, directly with AMCs for investment made
through iFAST. In case a Customer directly
approaches AMCs for any financial or non-financial
transactions, it is liable to be rejected by AMCs and
in all such case neither iFAST nor AMCs shall be liable
to Customer.

8.                 ELECTRONIC SERVICES

8.1              iFAST may, from time to time and at its sole and
absolute discretion, provide to the Customer, such
computer or telephone services or systems (including
but not limited to any other services or information
accessible through iFAST's proprietary software or
the latest mobile technology such as 3G) (the
"Electronic Services") for the purposes of viewing
details or information relating to his Investment
Account or placing Orders or Transacting.

8.2              The Customer has the sole responsibility and shall

be liable for the security and safe keeping of the
Customer's Investment Account number as well as
any and all passwords, identification and other Codes
issued to the Customer by iFAST or by any
certification authority duly recognised by iFAST for
the purpose of enabling the Customer to access the
Electronic Services and the Investment Account (the
"Codes").

8.3              The Customer agrees that iFAST shall be entitled to

rely on the digital signature and/or correct entry of
the Codes in order to ascertain whether any Order
placed with iFAST is that of the Customer's and to act
 on that assumption. The Customer shall be fully
responsible and liable for any Orders placed with
iFAST through the use of the Electronic Services
notwithstanding that such Order may have been
given by a third party with or without authority to
give such instructions or Order on behalf of the
Customer.

8.4              In utilising the Electronic Services, the Customer

agrees not to do anything that will violate, infringe,
prejudice or in any way affect IFAST's or any third
party's intellectual property rights ("IP Rights") and
shall take all necessary measures to preserve and
protect these IP Rights. All IP Rights (whether by
way of copyright or otherwise) in the information or
reports available from or generated by the Electronic
Services vest solely in and will remain the exclusive
property of iFAST.

8.5              The Customer agrees pursuant to these terms and

conditions that the risk of electronic instructions
given by the Customer not being genuine or being
forged, fraudulent, ambiguous or erroneous lies
solely with the Customer, and the Customer
undertakes to keep iFAST and its Personnel
indemnified against all Loss incurred by iFAST or its
Personnel arising out of anything done or omitted
pursuant to the said electronic instructions given or
purportedly given by the Customer or his authorised
person, including but not limited to:

(a)              the loss or unauthorised use of the Codes;

(b)              the unauthorised use of or access to the
Electronic Services;
(c)               forgery of the Customer's digital signature;
(d)              any delay, fault, failure or loss of access to,
or unavailability of the Electronic Services for
whatever reason.
8.6              In the use of the Electronic Services, the Customer
shall not:

(a)              reproduce, retransmit, disseminate, sell,

distribute, publish, broadcast, circulate,
exploit (whether for commercial benefit or
otherwise) the information and/or reports
obtained from or through the Electronic
Services in any manner whatsoever without
the express written consent of iFAST and shall
not use the information for any wrongful or
illegal purpose or in contravention of
applicable laws;
(b)              make any additions, modifications,
adjustments or alterations to, tamper any
part or corrupt any information or services
available on or through the Electronic
Services;
(c)               permit any equipment or software to be
linked to or communicate in any manner or be
used in connection with any other service or
system whereby any information and/or
reports obtained from iFAST may be accessed,
used, stored or redistributed by or through
such other equipment or software; and
(d)              use the facilities available under the
Electronic Services otherwise than as
contemplated under these terms and
conditions or such other directions which may
be issued by iFAST from time to time.

8.7              In providing the Electronic Services to the

Customer, iFAST may in its sole and absolute
discretion, from time to time and without notice to
the Customer:
 (a)              amend, modify, suspend or terminate the
operation of the Electronic Services;
(b)              suspend or terminate the Customer's access
to or use of the Electronic Services; or
(c)               deactivate the Codes,

and shall not be liable to the Customer for any Loss

which may be suffered by the Customer consequent
upon any of the above actions.

9.                 FEES AND PAYMENT

9.1              Unless otherwise agreed, iFAST shall deduct from

the Customer's bank account through ECS
("Electronic Clearing System") the sum of any
outstanding fees and charges imposed by iFAST from
time to time in its sole and absolute discretion with
respect to the execution of any Transaction or
otherwise for the maintenance of the Investment
Account or the provision of any service or facility to
the Customer in connection with the Investment
Account.

9.2              The Customer shall promptly pay to iFAST any

outstanding sum on the due date of the relevant
Transaction or upon demand by iFAST as provided
for under these terms and conditions.

9.3              iFAST shall be entitled to charge interest on any

sum or payment due to iFAST from the Customer at
such rate and calculated and/or compounded in such
manner as iFAST may, in its sole and absolute
discretion, impose and determine from time to time
and to debit the bank account through ECS in respect
of the interest due.

9.4              All payments made by the Customer to AMC and or

iFAST shall be in free and clear funds and free of
 deductions or withholdings. In case where the
Customer chooses to combine the investment
amount with the payment of any additional Fees
charged by iFAST on account of any Transaction,
iFAST / Service Provider shall deduct such Fees and
make the investment for the net amount.
9.5              Any taxes, duties, disbursements, costs and/or
other expenses incurred by iFAST in connection with
the account or otherwise in connection with the
Customer shall be borne by the Customer who shall
reimburse iFAST for any such said payments made
by iFAST on behalf of the Customer. All interest,
Fees, commissions and other charges of iFAST are
exclusive of any goods and services tax or any other
applicable tax which shall be borne by and separately
charged to the Customer.

9.6              The Customer acknowledges that in relation to

investments in the Mutual Funds, the Mutual Fund
would pay monies (by way of commissions,
discounts, fees or otherwise) to iFAST in connection
with, or in relation to, the issue of Units to or for the
Customer, or other dealings in connection with Units
in any Mutual Fund. The Customer agrees that iFAST
may retain these monies for its sole benefit and is
under no obligation to account to the Customer for
such monies.

9.7              iFAST may at its full and absolute discretion charge

a sales charge ("Sales Charge") for the subscriptions
of Units in any of the Mutual Funds. The Sales
Charge accrues to iFAST and is deducted as upfront
fees from the total subscription monies received and
the net sum remaining shall be used to subscribe for
Units in the relevant Mutual Fund. iFAST reserves the
right to vary and increase the Sales Charge from
time to time. The Sales Charge is separate and
 independent of the initial sales charge or upfront fees
which may be charged by the Mutual Funds.

10.             JOINT ACCOUNTS

10.1          If an Investment Account is opened or maintained in

the name of more than one individual or a
partnership:-

(a)              the term "Customer" shall refer to each

individual or partner jointly and severally, and
the liability of each such individual or partner
to iFAST shall be joint and several; and
(b)              iFAST shall be entitled to recover any sum
due or owed to iFAST by any of the individuals
in whose name the Investment Account is
opened or maintained or constituting the
Customer.

No individual constituting the Customer shall be

discharged, nor shall his liability be affected by, any
discharge, release, time, indulgence, concession,
waiver or consent given at any time in relation to any
one or more of the other such individuals constituting
the Customer.

10.2          In respect of each Investment Account opened in

the name of 2 or more individuals or a partnership,
the first holder of Investment Account in case of joint
account or authorized signatories in case of
partnership, are authorised to give Orders in relation
to transaction and any other instruction to iFAST.
Any correspondence, mail, notice or communication
addressed and sent by iFAST to the first holder and
such communication in respect of a Joint Account
shall be deemed to have been addressed and sent to
all the individuals named in respect of such Joint
Account.
10.3          In a Joint Account, if iFAST, prior to acting on any
instructions given by one signatory, receives
contradictory instructions from the other signatory,
iFAST may thereafter only act on the instructions of
all signatories for the said Joint Account.

10.4          The doctrine of survivorship shall apply to any

Investment Account opened in the joint names of
more than one individual or in the name of a
partnership. Accordingly, in the event of the death of
such individual or any partner constituting the
Customer, the Investment Account shall immediately
vest in the surviving individual (s) or partner(s) (as
the case may be).

10.5          The password shall be assigned only to the first

applicant as listed in the Application Form.

10.6          The provisions in this Clause apply to any other

services provided by iFAST or any other Person or
Service Provider appointed by iFAST from time to
time in this regard.

11.             CHANGE OF PARTICULARS

The Customer agrees and undertakes to notify iFAST

immediately of any change in the particulars of the
Customer, or any information relating to any
Investment Account or to these terms and
conditions, supplied to iFAST or to update the
changes online. iFAST shall at all times be entitled to
rely on the records in the Application Form last
submitted by the Customer unless any change in the
particulars therein have been notified to iFAST or
updated online by the Customer. iFAST is not obliged
 to verify any particulars furnished or updated online
by the Customer and iFAST shall not be liable or
responsible for any Loss suffered or incurred by the
Customer or any other Person by reason of any error
or omission in the completion of the Application Form
or in the furnishing or online updating of the
particulars by the Customer.

12.             AUTHORITY OF PERSONAL REPRESENTATIVES

12.1          All acts performed by iFAST prior to receiving

written notice of the Customer's death, incapacity of
or incapability shall be valid and binding upon the
Customer and the Customer's successors in title.

12.2          In the event of the Customer's death, iFAST shall be

absolutely protected in acting under these terms and
conditions until iFAST receives actual notice of death
from the legal personal representatives or executors
of the Customer. The legal personal representatives
or executors will be recognised by iFAST as having
the sole authority to act under these terms and
conditions on behalf of the deceased Customer only
upon the legal personal representatives or executors
producing the relevant legal documents which
establish them as the legal representatives of the
deceased Customer.

13.             GENERAL INDEMNITY

13.1          In addition and without prejudice to any other right

or remedy of iFAST (at law or otherwise) the
Customer shall indemnify and hold iFAST and its
Personnel harmless from and against any and all
Loss suffered or incurred by iFAST and/or its
Personnel as a result of:
 (a)              any failure by the Customer to comply with
these terms and conditions;
(b)              iFAST acting in accordance with the Orders or
in any manner permitted under these terms
and conditions;
(c)               any change in any applicable laws; and/or
(d)              any act or thing done or caused to be done
by iFAST in connection with or referable to
these terms and conditions or any Investment
Account or the instructions of the Customer.

13.2          The Customer's obligation to indemnify iFAST and its

Personnel shall survive the termination of the
Investment Account, and these terms and conditions.

14.             GENERAL EXCLUSION AND LIMITATION OF

LIABILITY

14.1          In addition and without prejudice to any other right

or remedy which may be available (whether under
these terms and conditions or under applicable laws),
and in the absence of fraud on the part of iFAST
and/or its Personnel, neither iFAST nor their
respective directors, officers, servants, agents or
employees shall be liable to the Customer in any
respect for any Loss suffered by the Customer,
including but not limited to any Loss arising out of
any of the following:

(a)              any reliance by the Customer on any

information and/or reports which are
incomplete, inaccurate, corrupted, untrue or
out-of-date, notwithstanding that such
information and/or reports may or may not
have been customised for the use of the
Customer, where such information and/or
reports have been prepared, compiled or
produced by any fund manager and/or issuer
 of any Mutual Funds or any third party,
received by iFAST in good faith and forwarded
to the Customer by iFAST or made available
through the Electronic Services;
(b)              any loss or unauthorised use of the Electronic
Services or delay in the transmission or
wrongful interception of any Order or contract
through any equipment or system, including
any equipment or system owned and/or
operated by or on behalf of iFAST;
(c)               any delay, fault, failure or loss of access to or
unavailability of the Electronic Services for
whatever reason;
(d)              any delay, failure or omission in the
execution of the Orders of the Customer due
to any reason beyond the control of iFAST;
(e)              for any fraud, negligence/mistake or
misconduct by Customer;
(f)               any action taken for non-compliance with
PAN/Bank guidelines issued by SEBI/other
regulatory authorities or for any delay
thereof, including for loss of interest and / or
opportunity loss and / or any loss arising due
to movement in NAV or any other losses,
liabilities, damages, costs, charges, expenses
which the Customer(s) may sustain, incur or
suffer or be put to or become liable or incur
directly or indirectly by reason or as a
consequence of any such action or any delay
thereof.

14.2          For the avoidance of doubt and without prejudice to

the generality of the foregoing, iFAST and its
Personnel shall not in any event be liable to the
Customer for any indirect or consequential loss, or
for punitive damages.

15.             TERMINATION
15.1          Either party may terminate the Investment Account
by giving the other 30 (Thirty) Day's written notice.

15.2          Termination of the Investment Account shall in no

way prejudice or affect any rights iFAST may have
against the Customer under these terms and
conditions or under applicable laws.

15.3          iFAST reserves the right to terminate the status as

Customer forthwith, upon the occurrence of any of
the following events:

(a)              If the Customer commits any breach of any

of the terms and conditions hereunder and
does not remedy such breach within thirty
(30) days after written notice has been given
to it by iFAST requiring such remedy;

(b)              Customer becomes insolvent or enters into

liquidation or receivership or suffers an
administration receiver to be appointed in
relation to the whole or any part of its assets,
or suffers any judgment to be executed in
relation to any of its property or assets, if any
of these would adversely affect the
performance of the obligation under this
terms and conditions;

(c)               any of the Customer's representations,

warranties or statements hereunder or in the
Application Form or in any document
delivered pursuant to the Investment Account
has not been complied with or is incorrect or
incomplete in any respect;
 (d)              where applicable, the Customer ceases, or
threatens to cease, to carry on business;

(e)              iFAST forms the view, in good faith, that it

should take action in order to preserve its
rights or interests in relation to any
Investment Account or under its relationship
with the Customer.

16.             CONSEQUENCES OF TERMINATION

16.1          In the event that the Investment Account is

terminated by either Party in accordance with 15.1
above, Product Provider/ iFAST shall deduct from
Customer's bank account through ECS the sum of
any outstanding Fees, charges and expenses and
wherever necessary redeem the investment in the
Customer's Investment Account to satisfy any
monies due from the Customer to Product
Provider/iFAST under these terms and conditions or
in connection with the Account or any Transaction
effected thereunder;
16.2          In the event that the Investment Account is
terminated by iFAST pursuant to Clause 15.3 above,
and without prejudice to any other right of iFAST
hereunder or under Applicable Law, iFAST may (but
is not obliged to) immediately or at any time
thereafter, do any one or more of the following:

(a)              suspend (indefinitely or otherwise) or

terminate the Investment Account, or iFAST's
relationship with the Customer, accelerate any
and all liabilities of the Customer to iFAST so
that they shall become immediately due and
payable;
(b)              cancel any of the Customer's outstanding
Order(s);
 (c)              apply any amounts of whatsoever nature
standing to the credit of the Customer against
any amounts which the Customer owes to
iFAST (of whatsoever nature and howsoever
arising, including any contingent amounts), or
generally to exercise iFAST's right of set-off
against the Customer;
(d)              exercise its rights of sale in respect of any of
the Customer's Units or call upon any
security;
(e)              demand any shortfall after (c) or (d) above
from the Customer, hold any excess pending
full settlement of any other obligations of the
Customer, or pay any excess to the Customer
by way of cheque to the last known address of
the Customer; and
(f)              exercise such other authority and powers that
may have been conferred upon iFAST by
these terms and conditions.

17.             COMMUNICATIONS

17.1          The Customer acknowledges and agrees that any

communication (including but not limited to the
sending of notices, annual and semi-annual reports,
performance statements, or confirmation notes or
status of Orders (whichever may be applicable for
the relevant Mutual Funds in question) to the
Customer from iFAST may be sent, at iFAST's sole
discretion, by electronic mail, facsimile, telex, or
ordinary mail to the Customer's last known address.
Any such communication shall be deemed to be
received by the Customer (a) if given by electronic
mail, facsimile or telex transmission at the same time
it is dispatched; or (b) if given by post two days after
the same has been posted.
17.2          Any communications from the Customer to iFAST,
whether they be instructions relating to any of the
Investment Accounts or otherwise, shall be given in
accordance with iFAST's general operating
procedures.

18.             PROPERTY RIGHTS IN INFORMATION

The intellectual property in all material provided on

the website (including any Offer Documents, Scheme
Information Documents, Statement of Additional
Information and addenda thereto, Key Information
Memoranda, other literature, manuals, reports,
research papers, data, flow charts, drawings,
designs, diagrams, tables, software, source code or
object code or other information or materials in
whatever form and on whatever media stored or
held) is held by iFAST unless otherwise stated.
Except as expressly permitted herein or on the
website, none of the material provided on the
website may be copied, reproduced, distributed,
republished, downloaded, displayed, posted,
transferred or transmitted in any form or by any
means, including, but not limited to, electronic,
mechanical, photocopying, recording, or otherwise,
without the prior written permission of iFAST.
Further, Customer or an authorised representative
(in case Customer is a non-individual investor) shall
not transfer, reverse engineer, decompile,
disassemble, modify or create derivate works based
on the materials provided on the website except as
permitted herein or by law.

The copyright, trademarks, service marks, registered

designs, database rights, patents and all similar
rights in and relating to the website arising or
subsisting in any country in the world and the
information contained in it are owned by iFAST, its
 licensors or relevant third party content providers.
Nothing on the website should be construed as
granting, by implication, estoppel or otherwise, any
license or right to use any trademark displayed on
the website without the written permission of iFAST
or its relevant affiliate. Customer also agrees not to
use any information available on iFAST website for
any unlawful purpose, and Customer shall comply
with any request of iFAST or any of the third party
providers to protect their respective rights in the
information.

19.             DISCLAIMER
19.1          Customer is instructed that any information on the
website of iFAST should be used in conjunction with
investment techniques, which may include obtaining
applicable legal, accounting, tax or other professional
advice or services. iFAST is not responsible for any
omissions, errors or investment consequences arising
from the use of this material available on the website
of iFAST by Customer. The data and information
provided on the website of iFAST does not constitute
advice and should not be relied upon while taking
investment decisions.

19.2          Whilst every reasonable precaution has been taken

to ensure the accuracy, security and confidentiality of
data and information available through the website,
iFAST shall not be held responsible for any
consequence of any action carried out by Customer
or unauthorised person.

19.3          iFAST makes no express or implied warranty:

i.            that the dealing with iFAST through the website will be
uninterrupted or free from errors or that any
identified defect will be corrected;
 ii.            that the website service / Electronic Service is free
from any virus or other malicious, destructive or
corrupting code, program;
iii.            with respect to the merchantability, satisfactory
quality or fitness for a particular purpose of the
website or any of the products/services offered
therein; or
iv.            in relation to non-infringement of any third party
rights.

19.4          iFAST, shall not be liable for any loss or damage or

other consequences arising from any suspension,
breakdown, withdrawal, interruption, technical flaw,
the presence of virus or other malicious, destructive
or corrupting code, programs over the website or
otherwise and any consequent delay or failure in
completion of any payment or other instructions as a
consequence thereof arising from the use or inability
to use the website or any other services provided by
iFAST or any other Person appointed by iFAST.

20.             DISPUTE RESOLUTION

20.1          If any dispute and/or difference that has arisen

between the Parties hereto during the subsistence of
this terms and conditions or thereafter, in connection
with the validity, interpretation, implementation or
alleged material breach of any provision of these
terms and conditions or regarding any question
arising out of this terms and conditions or otherwise,
the Parties hereto shall endeavor to settle such
dispute/difference amicably by negotiation.

20.2          In case of failure to resolve the dispute and/or

difference amicably, the dispute and/or difference
shall be referred to Arbitration presided by a sole
arbitrator.
 20.3          The Arbitration proceedings shall be governed by
the Arbitration and Conciliation Act, 1996 or any
amendment thereto.

20.4          The Arbitration proceedings shall be held in Mumbai,

India and in the English language.

20.5          The Parties hereto shall submit to the Arbitrator's

award and the award shall be enforceable in any
competent court of law.

20.6          The provisions of this clause shall survive the

termination of these terms and conditions for any
reason whatsoever.

20.7          Notwithstanding anything contained above, dispute

either judicial or quasi judicial the same will be
subject to the exclusive jurisdiction of the courts in
Mumbai.

21.             GOVERNING LAW AND JURISDICTION

These terms and conditions, any Investment

Account, and the relationship between the Customer
and iFAST, and the rights and obligations
contemplated thereunder, shall be governed by and
be construed in accordance with the laws of India.

22.             FORCE MAJEURE

22.1          iFAST shall not be liable for any failure to perform

any of its obligations under this terms and conditions
if the performance is prevented, hindered or delayed
by a Force Majeure Event (defined below) and in
such case its obligations shall be suspended for so
long as the Force Majeure Event continues. iFAST
 shall endeavor to inform the Customer of the
existence of a Force Majeure Event.

22.2          "Force Majeure Event" means an event arising due

to any cause beyond the reasonable control of iFAST,
including, without limitation, unavailability of any
communication system (including Internet), breach
or virus in the processes or payment mechanism,
sabotage, fire, flood, explosion, acts of God, civil
commotion, strikes or industrial action of any kind,
riots, insurrection, war, acts of government, and
computer hacking.