The mutual fund information displayed on the Primestar Investments website and app is obtained from third-party vendors over whom Primestar Investments has no control or authority. The information is either directly acquired from these vendors or derived from it. Primestar Investments will strive to display the most up-to-date data, but it does not guarantee the accuracy, relevance, or timeliness of the information. Users should invest at their own discretion based on this information.
1. Returns Graph
The user understands that any graphical representations, recommendations, feedback, and reviews provided on the Primestar Investments website and app do not guarantee the performance of the funds or assess the creditworthiness of the fund or its underlying securities. The graphical representations are merely factual depictions of fund performance and do not constitute investment advice. Actual returns may differ significantly and depend on personal and market circumstances. The graphs are created based on data obtained from third-party data providers, and Primestar Investments assumes no responsibility for its accuracy, correctness, relevance, or timeliness. Users should invest at their own discretion based on this information.
2. Asset Management Company (“AMC”)
Information regarding AMC (Asset Management Company) displayed on the Primestar Investments app is obtained from third-party vendors, and Primestar Investments has no control or authority over the authenticity of the information. The data displayed is either obtained directly from third-party vendors or derived from it. Although Primestar Investments will strive to provide the most up-to-date data, it does not take responsibility for the accuracy, relevance, or timeliness of the information. Users are advised to exercise their own discretion while making investment decisions.
3. Insta Redemptions
Primestar Investments uses the term "Insta Redemption" for funds that offer instant redemption facility in collaboration with the respective Asset Management Companies (AMCs). These funds fall under SEBI guidelines, which stipulate that users can withdraw up to ₹50,000 or 90% of the latest value of their investment, whichever is lower, per day per user per scheme. Primestar Investments is not responsible for the amount or timeline of the redemption proceeds being credited to users' bank accounts. The credit of funds will be done in accordance with the bilateral contract between the AMC and the user. Primestar Investments only acts as an intermediary in this transaction, and any issues related to Insta Redemptions should be directed to the respective AMC.
4. Performance & Returns
Primestar Investments receives the returns and other performance details shown on its app from third-party vendors, and it has no control or authority over the legitimacy of the data. The data shown is either directly acquired from the third-party vendors or derived from it. Primestar Investments takes no responsibility for the correctness, relevancy, or update of the data, although it will attempt to show users the most recent data. Users are advised to invest at their own discretion.
5. Comparison
Primestar Investments receives the comparison and other performance details shown on its app from third-party vendors, and it has no control or authority over the legitimacy of the data. The data shown is either directly acquired from the third-party vendors or derived from it. Primestar Investments takes no responsibility for the correctness, relevancy, or update of the data, although it will attempt to show users the most recent data. Users are advised to invest at their own discretion.
6. Riskometer
The riskometer shown on Primestar Investments's app or website as part of Mutual Fund scheme details is received from third-party vendors, and Primestar Investments has no control or authority over the legitimacy of the data. Primestar Investments is not responsible for the outcomes of any investment or redemption decisions made by users based on the riskometer on the Mutual Fund page. Mutual Fund Investments are subject to market risks, and users should read the scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
7.Riskometer vs User Risk Profile
Primestar Investments displays a user's risk profile against the scheme's riskometer as part of Mutual Fund information. Certain guidelines are provided for a user with a particular risk profile vs. the risk of that Mutual Fund. This mapping is purely indicative, and Primestar Investments is not responsible for the outcomes of any investment or redemption decisions made based on these guidelines. Mutual Fund Investments are subject to market risks, and users should read the scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
8. Recommended date for Investment (in SIP mode)
Primestar Investments recommends a date for systematic investment plan (SIP) to its users for some Mutual Funds based on the last 12-month performance of the Fund. This is a purely indicative number, and Primestar Investments takes no responsibility for the underlying data received from third-party vendors. Users are not expected to base their decisions on the data showcased.
9. Holdings / Sectors / Instruments / Debt
The information displayed on the Primestar Investments app or website regarding mutual fund holdings is obtained from third-party vendors, and Primestar Investments does not have control or authority over the accuracy of the data. The data presented is either obtained directly from third-party vendors or derived from it. While Primestar Investments will make an effort to provide the most up-to-date information, it is not responsible for the correctness, relevance, or timeliness of the data. Users are advised to use their discretion when investing.
10. KYC / Investment Readiness
The user acknowledges that opening an account is subject to providing accurate, complete, and correct information for KYC verification in accordance with applicable regulations. Primestar Investments will collect all necessary information from the user for KYC verification and investment readiness. During the investment process, this KYC information will be transmitted to KRA and/or CERSAI. Primestar Investments is not responsible for any delays in processing KYC requests from third-party agencies. Additionally, Primestar Investments has no control over the acceptance or rejection of KYC information or the timelines for updating it.
The user agrees to provide the correct documentation and information as listed in the app for the Investment Readiness process. The user acknowledges that failure to provide the required documentation and information may result in Primestar Investments or KRA or CERSAI or AMC/RTA rejecting their KYC. The user also agrees that Primestar Investments has the right to reject a KYC application for any reason, including but not limited to erroneous, incomplete, or misleading information provided by the user or noncompliance with KYC norms of SEBI as per regulations, without assigning any reason. Primestar Investments or AMC/RTA may request additional details for complete due diligence of the user as required by regulations or requested by CERSAI/KRA/AMC/RTA/UIDAI or any other governing agency.
11. PAN Card Check
The user agrees to provide accurate, complete, and correct PAN Card details, and understands that opening an account is subject to the accuracy of the PAN information provided. PAN validation will be performed using the IT department's PAN database. Primestar Investments is not responsible for any PAN rejections due to PAN unavailability or status of PAN in the IT department database.
12. IPV / Photo
Primestar Investments will use the photo and video of the user for in-person verification required for KYC verification, as mandated by regulations. The user agrees to provide the correct documentation and information to Primestar Investments for the purpose of in-person verification. The user understands and agrees that failure to provide the required information for IPV or correct information will result in Primestar Investments rejecting their KYC.
13. Personal Info
Personal information provided by the user will be used by Primestar Investments to open the user's account on Primestar Investments, process the user's KYC, and make the user investment-ready (Account Opening Form, Nominations, Declarations, and FATCA), and will be shared with other partners such as AMCs and RTAs in accordance with regulations. The user is responsible for providing correct personal information that matches the supporting documents or information provided for verification. The user agrees that the name in the account will be their name as per their PAN Card.
14. Bank Account Verification
Primestar Investments verifies a user's Bank Account(s) by checking the Account Holder Name against the name provided in their KYC records. This may involve an automated integration with the user's bank or a manual check of details such as Account Holder Name or Account Number on documents like a Cancelled Cheque, Account Statement, Passbook, or Bank Letter. Primestar Investments will not be liable for any changes in Bank Account ownership details after validation, unless the user specifies such changes, and it is the user's responsibility to keep their bank account details up-to-date.
15. Aadhaar Number
To comply with applicable regulations, Primestar Investments will use UIDAI's services to facilitate the user's KYC process. The integration with UIDAI will provide reliable and accurate information, and the use of these services will be governed by UIDAI's terms and conditions. If there are any uncertainties or concerns, users are advised to verify with relevant authorities or obtain appropriate professional advice.
16. FATCA Declarations
Users must provide accurate FATCA declarations to invest on Primestar Investments Platform. Currently, only Indian citizens who are tax residents of India can invest. The user is solely responsible for providing correct FATCA declarations, and Primestar Investments will not be responsible for any actions taken by authorities in case of incorrect declarations.
17. Account Opening Forms
Primestar Investments will generate the account opening form based on the user's KYC and investment readiness information and forward it to the relevant RTA in the required format. While Primestar Investments makes an effort to collect and represent the user's information, it will not be responsible or have any control over any rejections made by AMCs or RTAs based on the information submitted by the user.
18. Communication Details
Primestar Investments will share the user's communication details with AMCs/RTAs for transaction-related communication. The user is responsible for providing accurate email address and phone number to receive communication from RTA and AMCs. Primestar Investments will not be responsible for non-receipt of communication due to incorrect communication details. While Primestar Investments makes best effort to collect and represent your information, it is not responsible or has any control for any rejections made by AMCs or RTAs on basis of information shared and submitted by you.
19. Nominations
The user's nominees declared on Primestar Investments will be mapped to all the folios created by the user across all AMCs invested through Primestar Investments, unless modified by the user directly with the AMC or RTA. Primestar Investments will not be responsible or have any control over any rejections made by AMCs or RTAs based on the information submitted by the user.