I/we do hereby being a Client hereby understand, undertake, authorize, confirm agree and accept to be bound by the terms and conditions mentioned below as applicable for availing Equity SIP - Systematic Investment Order online through my/our trading accounts maintained with Kotak Securities Limited (KSL).

These Terms and Conditions, along with the terms of the Member - Client arrangement/Client Registration Kit, Additional Terms and Conditions applicable to the Client for availing securities trading services from Kotak Securities Limited, Voluntary Terms & Conditions, Running account authorization, or any other document(s) executed by the Client in favour of Kotak Securities Limited form the contract between the Client and Kotak Securities Limited for availing of the Service.

 

DEFINITIONS:

• Client - shall mean any client of Kotak Securities Limited who has consented to the terms governing SipIt service and have issued SipIt Instruction Form.
• Start Date shall mean the day on which SipIt order(s) will be placed by Kotak Securities Limited as per the Interval and other order-related parameters selected by the Client. In case the Start Date, as per the selected Interval, is a trading holiday, then the next trading day will be the due date for the purpose of placing of order.
• SipIt Order shall mean the Client's instruction(s) under the service specifying the different parameters for placement of Sip - Systematic Investment Plan Orders by Kotak Securities Limited. Clients can place SIP orders based on a pre-fixed Quantity or Amount.
• Amount-based SIP shall mean a predetermined amount of Sip Instruction specified by the Client under this Service.
• Quantity-based SIP shall mean a predetermined quantity of Sip Instruction specified by the Client under this Service.
• Frequency shall mean the intervals, such as Daily, weekly, bi-weekly or monthly, specified by the Client in his SipIt Invest journey for availing the Service and commence from the date as instructed by the client.
• Next instalment date shall be the date on which the consecutive SIP orders will be executed.
• Service shall mean the SIP Service offered by Kotak Securities Limited through Kotak Neo app,website  and other platforms as may be intimated by Kotak Securities Limited from time to time, whereby the Client authorises Kotak Securities Limited to place buy transactions for such securities for such period and at such frequency as specified in SIP order form.

 

 

 

SCOPE OF SERVICE:

Under this service, Kotak Securities Limited will place an order on behalf of the Client in the Client's trading account to purchase securities of such a predetermined quantity or amount at the frequency as instructed while placing an SIP order. The Client can avail SIPs either based on Quantity or Amount. The placement of the order by Kotak Securities Limited as envisaged herein above shall be subject to the availability of sufficient limits to meet the contractual obligations arising out of such order on best effort basis.

• Placement of order in case of Quantity based SIP - The Client shall specify the quantity of securities that he wishes to buy at each order placement. The order value of SIP under this option may vary with each order placement depending on the price of the security prevailing in the Exchange at the time of placement of Quantity based SIP order.
• Placement of order in case of Amount-based SIP - The Client shall specify the amount for each consecutive SIP instalment, for which each order will be placed on the instalment date. In this case, the number of securities to place an order under the Service will be calculated by dividing the Fixed Amount by the last traded days closing price of such security. Any fractional quantity will be ignored, and an order will be placed for the nearest smaller Whole Number. The Number of securities bought under this option may vary with each order placement depending on the price of the security prevailing at the time of placement of the SIP order execution.

 

OBLIGATION OF THE CLIENT:

1. The Client shall place a duly filled SIP order form on the date specified to avail the Service. The Client may set up various SIP orders with different frequencies and time periods for the same or different securities.
2. The Client may Stop an ongoing SIP selected by him at any time before the order placement has been initiated by Kotak Securities Limited before the Due Date but not later than such time.
3. The Client agrees that only a Market order will be placed under the Service as per the SIP order, which will be executed as per the Order Matching mechanism of the exchanges. However, when the orders are placed, there is a possibility that different clients get the same scrip at different rates and same shall not be disputed by the Client.
4. Kotak Securities Limited will place orders under the Service in the Client's account only if there is sufficient limit available in their account on Due Date/at the time of placing of the Order.   The Client shall ensure that payment is made on or before the SIP instalment date, failing which Kotak Securities Limited shall have the right to liquidate securities and charge delayed payment charges as per the risk management and other policies of the company which are agreed by the Client or as intimated by KSL from time to time.
5. The authorization given to Kotak Securities Limited will stand rescinded, in case an ongoing SIP is Stopped by the Client, and Kotak Securities Limited will not place further orders.

 

 

DISCLAIMERS AND WARRANTIES:

2. The Client understands and declares that

1. Kotak Securities Limited is merely the Client's agent for placing orders as per the SIP order instructions given by the Client under the Service.
2. Kotak Securities Limited shall not be required to obtain approval for placing orders on respective instalment dates as per the frequency specified by the Client in his Equity SIP till the culmination of the Period of SIP once he has authorized Kotak Securities Limited by a duly filled SIP order form and the SIP instruction shall be treated as the pre-trade instruction for any and all subsequent SIP orders.
3. The quantity / amount of SIP order will depend upon the prevailing price of the securities at the time of placement order on the instalment dates and therefore quantity based SIP, the value of order may be significantly different from its previous order.
4. The time for placement of SIP order on the exchange platform on each frequency day shall be 11.00 AM or at any other time as may be determined by Kotak Securities Limited at its sole discretion on trading day.
5. The Sip amount may be significantly different from its previous order, thus resulting in change of amount debited from Client's bank account or ledger.
6. by availing the Service, the Client is not entering into any Portfolio Management arrangement or otherwise. The stock recommendations provided by Kotak Securities Limited should not be considered as an investment advice and the Client should take independent professional advice before deciding the stocks for investment under SIP facility.
7. Kotak Securities Limited shall not be responsible for non-execution / rejection of the SIP. Further no Partial Orders will be executed in case the limits are insufficient.
8. SIP order placed on the instalment date which are not executed at the Market Price till the end of the day would expire and Kotak Securities Limited shall not be held responsible for non-execution of such order. However, such expiry of order shall not affect the placement of subsequent SIP orders on the subsequent instalment dates.
9. If the Client account is dormant, deactivated or suspended or terminated or closed due to any reason, then the SIP orders will be stopped automatically. Client shall be required to re-set up SIP, upon Client account is reactivated.
10. Kotak Securities Limited, at its sole discretion, reserves the right to either temporarily or permanently, withdraw or suspend the Service to the Client or   at any time without giving any notice or assigning any reason for the same.

Kotak Securities Limited, in its sole discretion, in accordance with its risk management policy, may disable buy option in certain securities. Further, certain scrips may be disabled from trading by Exchanges on account of corporate action such as stock split, issue of bonus shares, merger etc. In the above cases, if the scrip is disabled then the SIP order in such securities may not be placed or get rejected for any reasons mentioned above during period when such scrip is disabled. Subsequent SIP order for the said security will be placed by Kotak Securities Limited only when such scrip is enabled for trading. Further Kotak Securities Limited may, at its sole discretion, cancel the SIP with regard to such security, which is disabled for uncertain and/or long period for the reasons mentioned herein above.LIMITATION OF LIABILITY:

3. Without prejudice to any other provisions of these Terms and Conditions, Kotak Securities Limited shall not be liable to the Client for any loss or damage whatsoever or howsoever caused arising directly or indirectly whether for consequential loss or damage or loss of profit, business, revenue, goodwill or anticipated savings which may arise in respect of the Service or arising out of the performance of the Services or otherwise.

 

FORCE MAJEURE:

4. Kotak Securities Limited shall not be liable for any failure to perform any of its obligations under this Agreement 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. "Force Majeure Event" means any event due to any cause beyond the reasonable control of Kotak Securities Limited, including without limitation, unavailability of any communication system, breach or virus in the processes, communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control and may result in delay in processing or not processing Equity SIP orders either in part or in full, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, un-authorised access to computer data and storage devices, computer crashes, etc.

 

AMENDMENT:

• 5.          KSL reserves its right, at any time, without previous notice to add/change/ withdraw/modify/alter or vary any or all of these Terms and Conditions or to replace, wholly or in part, this offer at any time without prior intimation and without assigning any reason whatsoever. Under such circumstance the Client understand that the Client shall not be eligible for refund as per the terms and condition and the Client shall not hold KSL responsible for such action or for any loss suffered by the Client and the Client shall have no claim against Kotak Securities Limited.

The continued use of the Kotak Securities app or website by the Client shall be deemed to be an acceptance by the Client of the amended/ modified/altered Terms and Conditions.

 

The Service is in addition to the existing products and services provided by Kotak Securities Limited. Availing this Service by the Client does not bar the Client from availing other products and services offered by Kotak Securities Limited.

 

• In case of any dispute, the decision of the management of the Kotak Securities Limited will be final and shall be binding on the Client.
• All disputes arising out of or in connection with this offer shall be subject to the exclusive jurisdiction of courts in the city of Mumbai only.

 

Experience the Power of Compounding Calculator

 

The Calculator is designed to provide a simplified projection based on the given return percentage and tenure of 10 years. However, it is important to note that the Calculator relies on assumptions made and does not guarantee the accuracy or future performance of any investment or financial instrument.

The results generated by the Calculator are purely hypothetical and should not be considered as financial advice or a recommendation to invest. Actual returns on investments can vary significantly based on numerous factors, including market conditions, inflation, taxes, and individual investment decisions.

By using the Calculator, you acknowledge that you understand and accept the inherent limitations and risks associated with projecting investment returns. The results should be treated as educational and illustrative in nature and should not be solely relied upon for making financial decisions. We recommend consulting with a qualified financial advisor or professional before making any investment decisions.

We disclaim any liability for any direct or indirect damages or losses that may arise from the use of the Calculator or the information it provides. We do not guarantee the accuracy, completeness, or reliability of the results generated by the Calculator. You acknowledge that any reliance on the Calculator and its results is at Client's own risk.

 

 

 

 

Diversify Client's Portfolio

 

The portfolio analyzer is designed to help investors analyze their portfolio holdings and determine if they are overexposed to a particular sector. The tool presents the sectoral allocation in an intuitive graphical format, allowing users to visualize their portfolio's exposure and identify potential concentration risks. If a user is overexposed, the tool lists alternative sectors or industries and stocks within those industries where the user has yet to invest, based purely on their 5-year compound annual growth rate (CAGR).

Please note that the tool's provides information derived from historical data and user input. It is crucial to understand that investing in stocks carries market risks, including but not limited to price fluctuations, economic conditions, geopolitical factors, and company-specific risks.

The information provided by the tool should not be regarded as a substitute for professional financial advice or as a guarantee of investment success. Users are responsible for independently verifying the accuracy, completeness, and suitability of the information provided by the tool or consulting with a qualified financial advisor before making any investment decisions.

By using the tool, users acknowledge and accept that the tool's output/information are provided on an "as-is" basis, without any warranties or guarantees of any kind, whether express or implied.

Kotak Securities shall not be held liable for any financial losses, damages, or consequences arising from the use of the tool or reliance on its output and information.

Please proceed with using the tool only if you understand and agree to the above disclosures and terms of use.

 

Any person availing this facility shall be deemed to have read, understood and accepted these terms and conditions

 

SIP instalment disclaimer

In case you have a Kotak Trinity account (3-in-1 account),

• The funds for your SIP instalment will be automatically transferred from your linked bank account into your trading account on the SIP due date (known as the auto-debit facility) and the orders will be placed. For quantity based SIP - a 4% buffer amount is factored in the instalment to account for market movement.
• If the bank account does not have sufficient balance, but there is sufficient ledger balance available, the orders shall go through successfully

In case you have a trading account which is NOT a Trinity Account,

• The orders for your SIP instalment will be placed on the SIP due date, and if there is sufficient ledger balance available, the orders shall go through successfully

KSL shall execute the SIP orders as per SIP instruction on the SIP execution date and all such orders shall be deemed to be considered as the order placed by the Client.

 

Auto debit disclaimer

1. Please note that if the balance available in the bank account is less than the order value, and there is no sufficient margin available with Kotak Securities ledger / security margin, all the orders of that particular StockCase SIP instalment might get rejected.
2. Even if an auto debit is successful, StockCase SIP instalment will be processed only if the margin is available in the system after clearing all pending debits.
3. Please note that in case of accounts that had positive margin when the bank account was auto debited and have negative margin at the time of placing the StockCase SIP instalment orders, the orders shall not go through, even though the amount was debited from the bank.
4. Please note that the StockCase SIP instalment order might fail, if a funds confirmation is not received due to technical issues till the time the order is processed. The bank account has to be funded by 7am (cut-off time) on the date the StockCase SIP instalment order is to be triggered.
5. Please note that in case the bank does not have sufficient balance, but there is sufficient ledger balance available, the StockCase SIP instalment orders shall go through for Trinity accounts. The bank account will be debited for Trinity accounts, even if the client has credit balance in the ledger.
6. Kotak Securities Ltd does not warrant that the facility / service will be uninterrupted or error free. The Client agrees that Kotak Securities Ltd shall not be responsible for any delays or failure in the process of a StockCase SIP instalment order or an auto-debit due to breakdown or failure of the system due to technical fault/error or otherwise any other delay or failure beyond the reasonable control of Kotak Securities Ltd.
7. An auto debit will not get processed on a bank holiday or a day on which the markets are closed.
8. Kotak Securities Ltd reserves at any time, without previous notice to add/change/ withdraw/modify/alter or vary any or all of these terms and conditions or to replace, wholly or in part, this facility at its sole discretion, at any time without prior intimation and without assigning any reason whatsoever. Under such circumstance I / we understand that I / we shall not be eligible for this facility and I/We shall not hold KSL responsible for such action or for any loss suffered by me/us and I/We shall have no claim against Kotak Securities Ltd.
9. In case of any dispute, the decision of the management of the Kotak Securities Ltd will be final and shall binding on me/us.
10. All disputes arising out of or in connection with this facility are subject to the exclusive jurisdiction of courts in the city of Mumbai only and all decisions by Kotak Securities Ltd will be final and based on discretion wherever applicable.
11. Any person availing this facility shall be deemed to have read, understood and accepted these terms and conditions