Terms & Conditions of Service

HM Wealth (referred to as "we", "us", or "the Firm") is registered with the Association of Mutual Funds in India (AMFI) as an AMFI-registered Mutual Fund Distributor holding ARN-341412.

Our service is strictly that of an intermediary and distributor. We facilitate the purchase, systematic investment (SIP), redemption, and switching of regular mutual fund units issued by Asset Management Companies (AMCs) registered with the Securities and Exchange Board of India (SEBI).

HM Wealth operates on a 100% non-custodial framework. We do not, under any circumstances, accept cash, receive cheques in our name, or hold client funds or securities.

• Direct Fund Debits: All purchase and SIP amounts are debited directly from your verified, KYC-compliant bank account and credited straight into the respective SEBI-registered AMC scheme accounts through recognized clearing corporations (ICCL / NSE Clearing) or official RTA payment aggregators.
• Strict Prohibition of Third-Party Accounts: Under SEBI Anti-Money Laundering mandates, investments originating from bank accounts belonging to any third party other than the primary or joint folio holders are strictly prohibited and will be rejected.
• Direct Redemption Payouts: Redemption proceeds, systematic withdrawal payouts (SWP), and dividend payouts are credited directly by the AMC/RTA into your verified primary bank account. HM Wealth has no access to or role in redemption transfers.

In accordance with SEBI circulars (including circular SEBI/HO/IMD/DF2/CIR/P/2020/175 on fund realization), the allotment of Net Asset Value (NAV) for all purchases, redemptions, and switches is strictly contingent upon the credit of funds into the AMC’s scheme account before statutory cut-off times:

HM Wealth accepts no liability for NAV variances or allotment delays caused by banking network clearing cycles (NEFT/RTGS/NACH), payment gateway downtimes, or RTA server outages.

In accordance with SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 and the AMFI Code of Conduct, HM Wealth makes complete disclosure regarding its commission structure:

• Trail Model Only: HM Wealth earns ongoing trail commissions from Asset Management Companies for regular plan distribution and investor servicing. No upfront commissions are received as per SEBI mandates.
• Total Expense Ratio (TER): These trail commissions are paid directly by the AMC out of the scheme's Total Expense Ratio (TER), within the statutory regulatory caps established by SEBI.
• Zero Direct Invoicing: HM Wealth never bills or collects any direct advisory or distribution fees from clients for mutual fund transactions.
• Right to Commission Transparency: Clients have the statutory right to request and inspect the complete commission rates received by HM Wealth across any schemes distributed.

Zero Entry Load: In compliance with SEBI regulations, no entry load is charged on any mutual fund investment in India.

Exit Loads: Certain mutual fund schemes may levy an Exit Load if units are redeemed or switched prior to the minimum prescribed holding duration (as specified in the Scheme Information Document - SID). The exit load is deducted by the AMC directly from the redemption proceeds and credited back to the scheme.

Stamp Duty & STT: Stamp duty of 0.005% is levied by the Government of India on mutual fund purchases and SIP installments. Securities Transaction Tax (STT) and capital gains taxes (LTCG / STCG) apply in accordance with prevailing Indian Income Tax laws.

Under the Prevention of Money Laundering Act, 2002 (PMLA) and SEBI Master Circular on KYC norms, completion of verified KYC is mandatory prior to transacting:

• Authenticity of Documents: You warrant that all identity proofs (PAN, Aadhaar OVD, passport), bank account details, and contact credentials submitted are authentic, valid, and belong to you.
• Lawful Source of Funds: You declare and certify that all funds deployed in mutual fund investments are derived through legitimate, lawful sources and do not constitute proceeds of crime under PMLA provisions.
• Ongoing Information Updates: You agree to promptly update your contact details, residential address, bank accounts, and FATCA/CRS tax residency declarations via SEBI-registered KRAs.

HM Wealth makes no representations, warranties, or assurances—express or implied—regarding capital preservation, guaranteed returns, dividend declarations, or future appreciation of any scheme.

Past performance of any fund house, fund manager, or scheme is purely historical and is not indicative of future results. NAVs may fluctuate upward or downward based on prevailing market, macroeconomic, interest rate, and geopolitical conditions.

All financial calculators, return simulations, and compound interest models on this website are illustrative tools assuming uniform hypothetical growth rates for educational purposes only.

In alignment with the AMFI Code of Conduct on suitability:

• Scheme Risk-o-Meter: Investors must independently review each scheme’s official Risk-o-Meter label (ranging from Low to Very High risk) as published in the Key Information Memorandum (KIM) and Scheme Information Document (SID).
• Independent Evaluation: You acknowledge that you have assessed the liquidity terms, exit loads, underlying portfolio composition, and tax ramifications before committing capital.
• Insurance Solicitation: Insurance policies displayed or facilitated on this website are issued by licensed insurance partners. Insurance is the subject matter of solicitation. Policy issuance, underwriting, and claim approvals remain the sole prerogative of the underwriting insurer.

By sharing your contact information and utilizing our digital portals or website assistant:

• Consent for Electronic Dispatches: You consent to receive service notifications, transaction confirmations, Consolidated Account Statements (CAS), and operational updates via Email, SMS, or WhatsApp.
• Marketing Opt-Out: You may opt out of receiving educational newsletters or marketing broadcasts at any time by notifying our compliance desk or clicking unsubscribe.
• Security of Credentials: You are responsible for safeguarding your registered email, mobile OTPs, and transaction passwords. HM Wealth representatives will never solicit your OTP, net-banking passwords, or UPI PINs.

To the maximum extent permissible under applicable law, HM Wealth, its proprietor, and employees shall not be held liable for any direct, indirect, incidental, punitive, or consequential damages resulting from:

• Market losses or capital depreciation incurred in mutual fund or insurance holdings.
• Technical failure, server downtime, or transactional errors on stock exchange infrastructure (BSE StAR MF / NSE NMF II), payment gateways, or RTA servers (CAMS / KFintech).
• Rejection of orders resulting from incomplete KYC, incorrect bank details, or banking network failures.
• Events of Force Majeure including cyberattacks, natural disasters, telecommunications blackouts, or government regulatory moratoriums.

In compliance with SEBI Master Circulars on investor grievance management, HM Wealth maintains a defined multi-tier redressal mechanism:

These Terms & Conditions are governed by, interpreted, and construed strictly in accordance with the laws of the Republic of India and applicable regulatory directives of SEBI, AMFI, and IRDAI.

Any legal dispute, difference, or claim arising out of or in connection with the distribution services of HM Wealth shall be subject to the exclusive jurisdiction of the competent courts in Hyderabad, Telangana, India.

HM Wealth reserves the right to amend, update, or revise these terms at any time to reflect legislative or regulatory amendments. Continued engagement with our services constitutes acceptance of the modified terms.