This document is an electronic record in terms of the Information Technology Act, 2000 and rules thereunder as applicable and the provisions pertaining to electronic records in various statutes as amended by the said IT Act. This electronic record is generated by a computer system and does not require any physical or digital signatures.
The online platforms, www.salt.one and app.salt.one is owned and operated by Five Salts Private Limited (“SALT”), a private limited company incorporated under the Companies Act, 2013 with its registered office at 40, Renaissance HVV, Jalahalli, Bengaluru, Karnataka 560015, India. The Website, its sub-domains and other sites/ apps/ other channels maintained by SALT to enable the Services (defined below) shall be collectively referred to hereinafter as the “Platform”.
Seven Salts Financial Services Private Limited (“Seven Salts”), having its registered office at 40, Renaissance HVV, Jalahalli, Bengaluru, Karnataka 560015, India, is a company registered with the Securities and Exchange Board of India (SEBI) as a Stock Broker under SEBI (Stock-brokers and Sub-brokers) Regulations 1992 vide registration no. INZ000303532. The Mutual Fund products that you will purchase and sell using the Platform would be facilitated by Seven Salts Financial Services Private Limited, a wholly owned subsidiary of Five Salts Private Limited. For the purposes of providing Mutual Fund products, Five Salts Private Limited has granted to Seven Salts Financial Services Private Limited a world-wide, revocable, non-exclusive, non-transferable license to utilize the Platform.
The group, affiliate and subsidiary companies of SALT shall include Five Salts Private Limited, Seven Salts Financial Services Private Limited, Nine Salts Pte Ltd. among others.
The words “User/ user”, “You/ you” and “Your/ your” refer to the person(s) who use and avail the Services of SALT through the Platform and shall include both singular and plural. The Services provided herein is only for Indian citizens and tax resident of India.
General browsing or any other services available on the Platform shall be subject to this General Terms and Conditions below, unless otherwise specified herein.
GENERAL TERMS AND CONDITIONS
You represent and warrant that you are
If you wish to use or browse through the Platform, you are required to maintain an account on the Platform (“Account”) and you will be required to furnish certain information and details, including your name, email id, contact number, financial information, and any other information asked directly on the platform.
You further understand that you are responsible for maintaining the confidentiality and security of your Account including log-in details and password. You agree to accept responsibility for all activities that occur through your Account. You should take all necessary steps to ensure that your password is kept confidential and secure and should inform SALT immediately if you have any reason to believe that your password has become known to anyone else, or if the password is being, or is likely to be, used in an unauthorized manner.
You represent and warrant that all information, data and documents provide by you (a) for creating of the Account; and/or (b) through your Account are true, correct, accurate and up to date. In the event of any change, you agree to update the details on the Account in a prompt and swift manner. You also warrant that providing such details and information on the Platform or sharing of the aforesaid details/information shall not violate any third-party rights or the intellectual property of any third party. You further represent and warrant that at the time of making any new Account, you do not currently have an existing account on the Platform.
The below are the Services currently being provided or which may be provided in the future by the Platform (“Platform Services” or “Services”):
The terms & conditions for Digital Gold are as mentioned in SALT Rewards & Digital Gold Transactions Terms and Conditions
Seven Salts does not and is not obliged to offer all mutual fund schemes for investment. By limiting the number of schemes on the Platform, Seven Salts does not make any representation as to the quality, bona fides or nature of any Asset Management Company (AMC) or mutual fund scheme, or any other representation, warranty or guarantee, express or implied in respect of such mutual fund schemes.
In accordance with the guidelines of SEBI (Stock-brokers and Sub-brokers) Regulations 1992, Seven Salts shall only be providing basic advice on Mutual Funds to you incidental to its broking activity (“Incidental Advice”). Incidental Advice with respect to stock broking means providing basic advice pertaining to investment in securities to the broking clients. You hereby agree and acknowledge that the data and information provided on the Platform do not constitute advice of any nature beyond Incidental Advice, and shall not be relied upon by you while making investment decisions and all your decisions, notwithstanding the services rendered by the Platform, in relation to buy, sell, hold or otherwise deal in the investment securities shall be based on your own independent evaluation of the risks and rewards of the investments and your own verification of all the relevant facts, including financial and other circumstances and a proper evaluation thereof. The data displayed on the Platform comes from Morning Star and Twelve Data, any classification errors or data errors shall therefore not be a liability of SALT and/or its group, affiliates, and subsidiary companies. In no event shall SALT and/or its group, affiliates, and subsidiary companies be liable to you for any loss or damage that may cause or arise from or in relation to these Terms & Conditions and/or due to use of the Platform or due to investments made using the Platform.
You shall not use or access the Platform or any Service:
SALT may provide you links to third party services (“Third Party Services”) and may display, include or make available content, data, information, applications or materials from third parties (“Third Party Materials”). You acknowledge and agree that SALT is providing the Third Party Materials on an “as is” basis and is not responsible for examining or evaluating the content, accuracy, completeness, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect of such Third-Party Materials or Third-Party Services. SALT does not warrant or endorse and does not assume and will not have any liability or responsibility to you or any other person for any third-party services, third party materials or web sites, or for any other materials, products, or services of third parties.
SALT urges you to read the terms & conditions of the respective Third Party Services, before accessing or registering with any of such third-party sites. Further, the Company does not make any warranties and expressly disclaims all warranties express or implied, including without limitation, those of merchantability and fitness for a particular purpose, title or non-infringement with respect to any information or services or products that are available or advertised or sold through these third-party websites.
To the maximum extent permitted by law, SALT, its affiliate, group and subsidiary companies, officers, directors, employees or any related party disclaim any liability to you or to any third party for any indirect, incidental, special or consequential damages, including without limitation to loss of investments, revenue or profits or any other pecuniary or non-pecuniary loss or damage of any nature whatsoever, howsoever arising. To the maximum extent permitted under law, you waive, release, discharge and hold harmless SALT, its affiliate, group and subsidiary companies, and each of their directors, officers, employees, and agents, from any and all claims, losses, damages, liabilities, expenses and causes of action arising out of your use of the Platform and/or Services.
You expressly understand and agree that, to the maximum extent permitted by applicable law, the Platform and its content are provided by SALT on an “as is” basis without any warranty of any kind, express, implied, statutory or otherwise, including the implied warranties of title, non-infringement, merchantability or fitness for a particular purpose. Without limiting the foregoing, SALT and its group, affiliate and subsidiary companies make no warranty that (i) the Platform or Platform Services will meet your requirements, or your use of the Platform will be uninterrupted, timely, secure or error-free; (ii) the results obtained from the use of the Platform will be effective, accurate or reliable; (iii) any errors or defects in the Platform will be corrected. No advice or information, whether oral or written, obtained by you from SALT and/or its group, affiliate and subsidiary companies shall create any warranty not expressly stated in these Terms & Conditions.
SALT has endeavored to ensure that all the information on the Platform is correct, but the Company neither warrants nor makes any representations regarding the quality, accuracy or completeness of any data, information regarding the Platform Services or otherwise. SALT and/or its group, affiliate and subsidiary companies shall not be responsible for the delay or inability to use the Platform or related functionalities, the provision of or failure to provide functionalities, or for any information, software, functionalities and related graphics obtained through the Platform, or otherwise arising out of the use of the Platform, whether based on contract, tort, negligence, strict liability or otherwise. Further, SALT and/or its group, affiliate and subsidiary companies shall not be held responsible for non-availability of the Platform during periodic maintenance operations or any unplanned suspension of access to the Platform that may occur due to technical reasons or for any reason beyond its control. You understand and agree that any material or data downloaded or otherwise obtained through the Platform is done entirely at your own discretion and risk, and that you will be solely responsible for any damage to your computer systems or loss of data that results from the download of such material or data.
Please note that Platform Services are not available in all geographical areas and depending on your location, you may not be eligible to avail certain Platform Services offered by SALT and/or its group, affiliate and subsidiary companies. SALT and/or its group, affiliate and subsidiary companies reserve the absolute right to determine the availability and eligibility for any of the Platform Service offered on the Platform.
NAV / prices / any data shown on the Platform to you for the purpose of transacting in any instruments are shown directly on an ‘as is’ basis, which may be provided by a third party data vendor, directly by BSE StAR Mutual Fund (BSE StAR) / AMCs / financial institutions, and/or by any such entity that SALT, its group, affiliate or subsidiary companies may have an agreement/association with. In case of differences in such price data due to any delay/connectivity issues, SALT, its group, affiliate or subsidiary companies shall not be liable for any such inaccuracy or consequential damages. You are required to do your own diligence on prices required to be paid by you on transactions made on any instruments via the Platform, and all such decisions to transact to such instruments would be based on your sole discretion. Upon any investment made, units are allocated by Mutual funds/ AMCs / institutions as per applicable NAV/ price traded / issued as the case may be, which is not under the control of SALT, its group, affiliate or subsidiary companies.
You agree to indemnify, save, and hold SALT, its affiliates, contractors, employees, officers, directors, agents and its third party associates, licensors, and partners harmless from any and all claims, demands, losses, damages, and liabilities, costs and expenses, including without limitation legal fees and expenses, arising out of or related to your use or misuse of the Services or of the Platform, any violation by you of these terms, or any breach of the representations, warranties, and covenants made by you herein or your infringement of any intellectual property or other right of any person or entity, or as a result of any threatening, libelous, obscene, harassing or offensive material posted/ transmitted by you on the Platform.
SALT, its group, affiliate and subsidiary companies, its directors, employees, associates, partners, or suppliers shall, in no event be liable, to the maximum extent permitted by law, to you for any loss or damage that may cause or arise from or in relation to these terms and conditions or due to use of the Platform or due to investments made using this Platform or availing any product or services from any third-party service provider.
Further, you will not dispute or hold SALT and/or the group, affiliate and subsidiary companies responsible for: (i) any act that is not an obligation under the Terms & Conditions; or (ii) any disclosures made by SALT, its affiliates, group and subsidiary companies, to any statutory body under any law; or (iii) any loss, notional or otherwise, incurred by you due to delays either at the bank, BSE StAR, registrar and transfer agency and/or the AMC; or (iv) rejection of your instructions by the bank, BSE StAR, registrar and transfer agency and/or AMC; or (v) processing of instructions authenticated by your login credentials, non-availability or non-accessibility of the Platform, telephone(s), or office(s) of SALT in case of circumstances beyond SALT’s control
SALT may choose to stop providing one or more services through the Platform and may terminate access to or use of the Platform at any time without any notice. Other than where SALT informs you otherwise, upon termination, (a) the rights and licenses granted to you under these terms will end; (b) your Account shall be suspended; and (c) you must stop using the Platform. SALT reserves the right to suspend or cease providing the Platform and shall have no liability or responsibility to you in any manner whatsoever except as prescribed under applicable law.
The money that you have invested through the Platform will remain safe and will continue to remain invested as is with the respective Mutual Fund as per the applicable regulations and you will be able to access the same.
SALT may provide you with notices and communications by e-mail, SMS, push notifications, regular mail or postings on the Platform or voice call or internet-based messaging applications like WhatsApp or by any other reasonable means based on the details provided by you. In case of any change in any details provided by you including but not limited to email id and/or mobile number and/or correspondence address, you shall inform SALT in writing in advance in the prescribed format to carry out the necessary changes in its records.
You hereby unconditionally consent that such communications sent by SALT to you via the above-mentioned modes are upon the request and authorization from you.
Except as otherwise set forth herein, notice to SALT must be sent by courier or registered email to firstname.lastname@example.org
SALT does not guarantee that electronic communications will be successfully delivered, or that they will be secure and virus free. SALT shall not be liable for any loss, damage, expense, harm or inconvenience caused as a result of an electronic communication being lost, delayed, intercepted, corrupted or otherwise altered or for failing to be delivered for any reason beyond SALT’s reasonable control. All correspondence will be in English.
You agree to be contacted by SALT and its representatives over phone or on registered email id with reference to the Services. You agrees & confirm that if your mobile number is registered in the Do Not Disturb (DND) list of TRAI, you may not receive SMS or calls from SALT. You agree to take steps to deregister from the DND list and shall not hold SALT liable for non-receipt of SMS or calls in the interim period.
Without limiting the generality of any other provision of these Terms & Conditions, if you commit any default or violation of any of the obligations set forth in these Terms, you shall be liable for all the losses and damages that this may cause to the Platform, SALT, its group, affiliate and subsidiary companies, or partners.
The transactions on the Platform with respect to the Platform Services for mutual fund units will be completed only after successful transfer of money from your registered bank account to the relevant AMC. Please note that the mutual fund will be credited to your Account within 2 (two) working days, or as stipulated by Regulatory bodies from time to time, from the date of successful transfer of such amount. You hereby agree and acknowledge that the transactions on the Platform once completed cannot be cancelled by you. With respect to investments in mutual funds, in case of successful transfer of money from your account, but a failure to reflect the mutual fund in the account, the money would be refunded to your registered bank account within the relevant time period agreed with BSE StAR; and SALT, its group, affiliate and subsidiary companies shall not be responsible for the same.
Your use of this Platform, Services and any terms and conditions stated in this T&C or other service specific terms and conditions shall be subject to the laws of India. In case of any disputes arising out of the use of the Platform, Services or any part thereof, you hereby agree that the Courts of Bangalore, India will have exclusive jurisdiction.
Investment in the securities market (including mutual fund investments) are subject to market risks, please read all investments, offer, and scheme-related documents carefully, before investing. For the purposes of these Terms & Conditions, the term “Offer Document(s)” shall refer to a collective term for Offer Document, Scheme Information Document, Statement of Additional Information, Key Information Memorandum, issued by the AMC that manages the mutual fund.
The failure of SALT to exercise or enforce any right or provision under this T&C and other applicable Terms will not constitute a waiver of such right or provision. Any waiver shall be effective only if in writing and signed by SALT.
If any provision of the Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that the Terms will otherwise remain in full force and effect and enforceable.
SALT and its group, affiliate and subsidiary companies shall not be liable for failure or error of any transaction on the Platform or for any failure on part of the Company to perform any of its obligations under these Terms & Conditions if performance is prevented, hindered or delayed by a Force Majeure event (as defined below) and in such case its obligations under these Terms & Conditions shall be suspended for so long as the Force Majeure event continues. The term “Force Majeure Event” means any event which occurred and is beyond the control of SALT, including without limitations, unavailability of any communication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of god, civil commotion, pandemic, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, unauthorized access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal or the systems getting affected by any malicious, destructive or corrupting code or program, mechanical or technical errors/failures or power shut down, faults or failures in telecommunication etc.
SALT, its group, affiliate and subsidiary companies shall be discharged from such performance to the extent of and during the period of such Force Majeure Event, and such non-performance of its obligations shall, in no event whatsoever, amount of a breach of its obligations.
You cannot assign or otherwise transfer the Terms & Conditions, or any rights granted hereunder to any third party. The rights of SALT, its group, affiliate and subsidiary companies under the Terms & Conditions are freely transferable to any third party without your consent.
You can reach out to SALT at email@example.com to raise any questions, complaints, grievances or feedback