Disclaimer

1. General Information and Nature of Services

The information provided on this website is for general informational and educational purposes only.

Munaafa Financial Services (MFS) is a trade/business name used by Nilesh Gala and Kinjal Gala for providing financial product distribution and related services.

Nilesh Gala (ARN: 32673) and Kinjal Gala (ARN: 180773) are AMFI Registered Mutual Fund Distributors in their respective individual capacities and does not provide paid investment services. They facilitate the distribution of mutual funds and other permitted financial products under applicable laws and regulatory frameworks as prescribed by SEBI, AMFI, IRDAI and other relevant authorities.

2. Regulatory Disclosure and Incidental Advice

Munaafa Financial Services is not registered with SEBI as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013.

However, in accordance with Regulation 4(d) of the SEBI (IA) Regulations, may provide incidental advice in its capacity as a distributor. This includes:

• Guidance on product suitability based on client's risk profile, investment horizon, and/or financial goals
• Clarification of product features and categories
• Support in assessing options offered by SEBI-registered AMCs or Portfolio Managers

Such incidental advice is:

• Non-fee-based
• Product-specific
• Not intended to be a substitute for professional, personalized, or Holistic financial planning

Investors seeking comprehensive advice on ALL ASSET CLASS should consult a SEBI-registered Investment Adviser (RIA).

As a distributor, we receive commissions. Please refer to our commission disclosure page.

3. Products - Specific Risk Disclaimers

Munaafa Financial Services may facilitate or assist in the distribution or servicing of other financial products, wherever applicable, including:

• Corporate Fixed Deposits
• RBI/Capital Gain Bonds
• PMS/AIF
• Bonds and other fixed-income products
• Insurance products
• Loans and related financial services
• Other financial products offered by permitted product providers

The availability of these products and the capacity in which they are offered may vary by product.

The information and products presented by Munaafa Financial Services are limited to products distributed/promoted by us. Investors are advised to consider all relevant factors and may also consider other suitable products or alternatives not distributed/offered by us before making any investment decision.

4. Types of Mutual Fund Transactions

To assist investors in understanding common transaction modes, below are brief definitions of key mutual fund transaction types:

• Purchase: A purchase refers to the act of investing a lump sum amount into a mutual fund scheme.
• Redemption: The process of Withdrawing funds by selling mutual fund units.
• SIP (Systematic Investment Plan): A facility that enables regular, automated investments of a fixed amount into a chosen mutual fund scheme at defined intervals (e.g., monthly, quarterly etc).
• STP (Systematic Transfer Plan): A scheduled transfer of funds from one mutual fund scheme to another within the same fund house, helping investors manage risk and reallocate investments over time.
• SWP (Systematic Withdrawal Plan): A facility that allows investors to withdraw a fixed sum from their mutual fund investments periodically.
• Switch: A transaction that involves transferring investments from one mutual fund scheme to another within the same Asset Management Company (AMC), often used for portfolio rebalancing.

5. Transaction-Related Disclosure

By initiating or approving a transaction, the investor confirms that they have read, understood, and agreed to the contents of the following documents.

• Scheme Information Document (SID)
• Statement of Additional Information (SAI)
• Key Information Memorandum (KIM)
• Scheme/Product Factsheets
• Risk disclosures
• Other documents and communications issued by the respective product provider

5.1 Transaction Cut-off Timings & NAV Applicability

• All transactions are subject to SEBI/AMFI-prescribed cut-off timings. NAV applicability will be as per prevailing mutual fund regulations and may change from time to time.
• The applicable NAV may depend on the type of transaction, time of receipt, availability and realization of funds and other applicable conditions.
• MFS is not responsible for NAV allotment as it is based on industry standards, the transaction time, and fund house processing.

5.2 Turnaround Time (TAT)

The time required for services such as folio creation, mandate registration, transaction processing, confirmation, redemption proceeds and other service requests may vary depending on:

• Nature of the request
• AMC/RTA processing timelines
• Completeness of documentation
• KYC status
• Banking/payment processing
• Regulatory requirements
• Operational circumstances

Munaafa Financial Services does not guarantee real-time processing where processing is dependent on the respective AMC, RTA, bank, payment platform or other service provider.

5.3 Charges & Regulatory Costs

• All investments are subject to:
• Entry Load (if applicable)
• Exit Load
• Stamp Duty
• Other statutory or regulatory charges as defined by SEBI, AMFI, and the concerned AMC

Investors are expected to read & understand scheme related documents for the same.

5.4 KYC and Documentation

• No transaction shall be processed unless the investor has a valid, compliant KYC status as per SEBI norms.
• PAN/Aadhaar and other documentation must be verified and compliant for successful execution of any transaction.
• However, if the transaction may be delayed or is rejected/not processed due to non-compliance of KYC, documentation or operational requirements are not fulfilled by investor then, any financial risk shall not be borne by Munaafa Financial Services.

5.5 Taxation and Liability

Tax Liability on Redemptions:

• Redemption/Switch/STP/SWP from mutual fund investments may attract capital gains tax, based on the holding period and the asset class (equity, debt, hybrid, etc.).
• For example, SWP withdrawals are treated as redemptions and taxed accordingly.
• Switch and STP transactions are treated as a redemption from the source scheme and a purchase in the target scheme, thus triggering tax liability at the time of transfer.
• ELSS/Solution-oriented schemes are not eligible for premature redemption due to Lock in period. Lock in will be from the date of each instalment.
• The investors are solely responsible for the tax implications arising from the investments. MFS shall not be liable for any tax consequences or filing obligations on behalf of the investor.
• Investors are advised to consult with their Chartered Accountant or Tax Advisor for accurate computation and compliance with applicable tax laws.
• Tax implications can differ based on individual income slabs, investment type, and prevailing tax rules, including TDS (Tax Deducted at Source) on certain categories.
• We do not provide tax advice, and the responsibility to compute and pay appropriate taxes lies solely with the investor.

Tax laws and rates may change from time to time.

5.6 Applicability of Disclaimer

• This disclaimer is a comprehensive and full disclaimer that applies to:
• All types of mutual fund transactions (lump sum, SIP, STP, SWP, switch, redemption, etc.)/Other investments.
• All modes of transactions (offline, online, email-based, or app-based)
• All future transactions, including across different time periods, folios, or schemes (e.g., purchases made in May and switches in October)
• No separate disclaimer will be issued for each transaction unless a material regulatory change mandates it.

By initiating or approving any transaction through MFS, the investor agrees to be bound by the above disclaimer in its entirety.

6. General Risk Disclaimer

All financial products carry risk, including potential loss of capital. Market fluctuations, economic changes, or policy actions may impact returns. Past performance is no guarantee of future results. Investors should conduct their own evaluation and carefully review the applicable product documents and risk disclosures before investing.

For mutual fund investments, investors should also carefully review the applicable SID, SAI and KIM for general and scheme-specific risks, including:

• Market volatility, force majeure events, changes in the political or economic environment, default or insolvency of security issuers, and possible segregation of portfolio by the AMC in such circumstances.
• Liquidity-related risks, including possible suspension or restriction of redemption facilities if a scheme faces a liquidity crisis.
• Risks associated with New Fund Offers (NFOs), including price volatility, liquidity and delisting risks, where applicable.
• The possibility of scheme winding-up due to illiquid investments, higher redemption requests or unforeseen market events.

7. Website Content and Educational Material

The blogs, articles, videos, educational material, market-related information, illustrations and other content available on this website are provided for general informational and educational purposes only.

These do not constitute investment advice, legal advice, tax advice, a recommendation to buy or sell any security or financial product or a guarantee of returns or investment outcomes.

Use of the website does not create a fiduciary or adviser relationship between the visitor and the Company.

8. Third-Party Links, Tools and Content

Any financial calculators, comparison tools, or third-party links & content on the website are:

• Indicative only
• Based on limited inputs and assumptions
• Not guarantees, and not intended as investment recommendations

Such links are provided for convenience and informational purposes.

Users are advised to make independent evaluations and verify any output before acting on it.

9. Privacy and Data Security

Any personal information submitted through this website may be processed in accordance with our Privacy Policy and applicable laws and regulations.

Visitors are advised to review the Privacy Policy for information regarding the collection, use, storage and protection of personal information.

Investors should exercise appropriate caution while sharing personal, financial, login, OTP or other confidential information.

We will not knowingly ask investors to share passwords, PINs or OTPs for purposes other than those legitimately required for the applicable transaction or process.

Use of this website implies acceptance of our Privacy Policy, and permission to process personal data in accordance with it

10. Responsibility and Limitation of Liability

Incidental advice or assistance provided by MFS is offered in good faith based on information disclosed by the investor.

While reasonable care is taken, MFS:

• Shall not be liable for market-related losses or changes in investor risk profile or goals
• Does not offer any return guarantees
• Will be held accountable only where there is misrepresentation, regulatory non-compliance, or breach of fiduciary duty

This clause complies with SEBI's recent directive disallowing blanket indemnity or unfair limitation of liability clauses in distributor-client agreements.

11. Grievance Redressal

For any complaints or grievances relating to the services, investors may refer to our Escalation Matrix and the grievance redressal information available on our website.

Investors may also register complaints through the SEBI SCORES platform:

SEBI SCORES:
https://scores.sebi.gov.in/

Where applicable, investors may also use the SMART ODR platform:

SMART ODR:
https://smartodr.in

12. Scheme Updates & Changes

Please note all material changes to mutual fund schemes – including, but not limited to: modifications in scheme terms, asset allocation, fund manager designation, risk profile, or expense structure – are published by the respective asset management companies (AMCs) through official channels such as Notice cum Addendum, email, SMS and public disclosures.

These communications are sent directly to investors by the AMCs as part of the regulatory disclosure requirements. In line with industry practice, such information is not separately re- communicated by us unless specifically required. Investor are expected to refer to this official updated from time to time. We shall be not responsible for any impact or losses arising from non-review or inaction on such communications received directly from the AMCs

13. Modifications & Jurisdiction

We may modify, update, remove or revise this Disclaimer from time to time to reflect changes in our services, business practices, applicable laws, regulations, regulatory requirements or website content.

Visitors are advised to review this disclaimer periodically.

This Disclaimer shall be governed by and interpreted in accordance with the laws applicable in India.

Subject to applicable laws and regulations, courts having jurisdiction in Thane, Maharashtra shall have jurisdiction in relation to matters arising from or connected with this website and its use.