These terms and conditions outline the rules and regulations for the use of Sqrrl Fintech Pvt Ltd's Website and mobile application. Sqrrl Fintech Pvt Ltd is located at 33, Commercial Shopping Complex, Anand Niketan, New Delhi 110021, India.
Sqrrl is a AMFI registered Mutual Fund Distributor with ARN 112848.
The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements
Sqrrl, acts as a digital lending lead sourcing agent for Bhanix Finance and Investment Limited (Bhanix). Bhanix is a Non-Banking Finance Company registered with Reserve Bank of India under registration No. B-13. 02211. Sqrrl collects and forwards all relevant customer information with Bhanix, which assesses the customer for creditworthiness and offers credit/loans to the customers as per their lending policies. For more detail please visit : https://bhanixfinance.com/
Third Party Risk
Sqrrl shall not be liable for any loss or damage caused by reason of failures or delay of the mutual fund to deliver any units purchased even though payments have been made for the same, or failure or delay in making payment in respect of any units sold, though they may have been delivered and I shall hold Sqrrl harmless and free from any claim in respect thereof. Sqrrl shall also not be liable for any delay, failure or refusal of the mutual fund in registering or transferring units to my names or for any interest, dividend or other loss caused to me/us arising therefrom.
In such instances of third party claims, the AMC/mutual fund/trustees to the mutual fund shall be liable for failure/delay only where such claims/losses arise due to a reason entirely attributable to an error or gross negligence of the AMC. In no event shall the AMC/mutual fund/trustees to the mutual fund be liable for losses/claims arising due to force majeure reasons beyond the reasonable control of the AMC/mutual fund.
Liability of Sqrrl
Sqrrl shall not in absence of gross negligence on the part of Sqrrl, be liable to me for any act, omission or delay by the mutual fund or for any claims which I may suffer or incur as a result of or in course or discharge by Sqrrl or its employees, officers, directors duties.
Without prejudice to the above, Sqrrl shall not be held liable for any loss or damage or failure to comply or delay in complying with its obligations under these Terms and Conditions which is caused directly or indirectly by any event or circumstances beyond Sqrrl’s reasonable control. These include system failure, network errors, delay or loss of data due to the above and in circumstances of acts of God, floods, epidemics, quarantine, riot, civil commotion and/or war. I further agree that Sqrrl shall not be held liable for any losses, damages, expenses, costs, liabilities and claims of whatsoever nature caused by fraudulent or unauthorized use or access of my information, and/or signatures. Sqrrl will be under no duty to verify compliance with any restrictions on my investment powers.
Sqrrl will not be liable for any loss, damage, cost, charges or expenses directly or indirectly caused by reasons of any defects or imperfections or mechanical or other failure with relation to computer, cable, telex, telephone or postal system.
While Sqrrl will make every effort to have its computer systems available at all times, Sqrrl makes no guarantees with respect to the availability of such systems. Sqrrl will make every effort to resolve availability issues such as network problems, virus attacks etc. in an expeditious manner. Notwithstanding these, Sqrrl will as such not be liable for any loss, damage, cost, charges or expenses directly or indirectly caused by reasons of lack of such availability.
Registered Users duly acknowledge by Sqrrl the liability on account of the services referred herein, shall not exceed INR One Thousand Rupees.
Electronic Payment Gateway
I understand that funds transfer for purchase of units of mutual funds will be done by using an Electronic Payment Gateway facility for net banking offered through a third party net banking service provider registered with the Reserve Bank of India. I agree not to use or permit the use of the payment gateway or any related services for any illegal or improper purposes.
I hereby acknowledge that I am utilizing the Electronic Payment Gateway at my risk. I agree and understand that these risks would include but not be limited to the following risks and Sqrrl/AMC/trustees of the AMC, disclaim all liability and responsibility for any claims, losses, damages, costs of whatsosever nature arising due to such risks
- "Client", “You” and “Your” refers to you, the person accessing this website and accepting the Company’s terms and conditions.
- "The Company", “Sqrrl”,“Ourselves”, “We”, “Our” and "Us", refers to Sqrrl Fintech Pvt Ltd.
- “Party”, refers Client or ourselves.
- “Parties”, refers to both the Client and ourselves together.
- The App will be constantly available or available at all. We shall have no liability to you for any interruption or delay in access to the App or services availed through it, irrespective of the cause.
- The information on the App or given through services is complete, true, accurate or non-misleading;
- That the App is secure or free of viruses, trojans or other malware; or
- The contents of the App do not infringe any intellectual property rights.
- Sqrrl has taken all commercially reasonable steps to protect the confidentiality of all confidential or non-public information provided by me and shall not disclose the same in any manner, except as provided herein.
- Incidental Advice will be offered in an unbiased, transparent manner and in good faith. The Client is free to act on the incidental advice offered by Sqrrl or disregard it. Sqrrl will not be responsible for any direct or consequential damage suffered by the client by acting on the incidental advice given by Sqrrl.
- Sqrrl will employ scientific methods to select mutual funds supplemented by human judgment.
- All transactions shall be under the Regular plan of concerned mutual fund under the ARN Code 112848.
- To forward my transaction data and requests to the respective mutual funds/AMCs with respect to my instructions and orders of sale, purchase, transfer, splitting and consolidation of mutual funds units.
- To transmit to the mutual fund and/or the corresponding AMC, information relating to my nomination/changes in investment plan/any other changes made through the online platform.
- To obtain and forward to the AMC/its Authorized Registrar my information as available in the KYC records, including my signature. I agree that such records may be used by the AMC/Authorised Registrar for authorizing the transactions that may be submitted by me in physical/offline mode
- I agree and acknowledge that I will not process physical/offline mode transactions if my KYC is process through Aadhaar No.– OTP or Bio Metric (eKYC)

- Misuse of Password: I acknowledge that if any third party obtains access to my password of the Investments Services Account, such third party would be able to transact on Sqrrl’s online technology platform. I shall ensure that the terms and conditions applicable to the use of the Net Banking password as contained in the Electronic Payment Gateway for Net Banking are complied with at all times.
- Internet Frauds: I understand that the Internet per se is susceptible to a number of frauds, misuse, hacking and other actions, which could affect payment instructions given using Electronic Payment Gateway or the transactions done using Sqrrl’s online technology platform. Whilst Sqrrl shall aim to provide security to prevent the same, there cannot be any guarantee against such Internet frauds, hacking and other actions. I shall separately evolve/evaluate all risks arising out of the same.
- Mistakes and Errors: The filling in of applicable data for transfer would require proper, accurate and complete details. In the event of my account receiving an incorrect credit by reason of a mistake committed by any third party, the concerned mutual fund/AMC or the bank shall be entitled to reverse the incorrect credit at any time whatsoever without my consent. I shall be liable and responsible to Sqrrl/concerned mutual fund/concerned AMC and accede to accept instructions without questions for any unfair or unjust gain obtained by me as a result of the same.
- Technology Risks: The technology for enabling the transfer of funds and the other services offered by the Electronic Payment and Sqrrl could be affected by virus or other malicious, destructive or corrupting code, program or macro. I understand that the site of Sqrrl or the bank may require maintenance and during such time it may not be possible to process my request. This could result in delays in the processing of transactions/payment instructions or failure in the processing of transactions/payment instructions and other such failures and inability. I understand that Sqrrl disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by Sqrrl /bank/mutual funds/AMCS to process any transaction/payment instructions for whatsoever reason. I understand and accept that Sqrrl/AMC/trustee company of the AMC, authorised registrars of the AMC shall not be responsible for any of the aforesaid risks.
- Limits: I am aware that Sqrrl may from time to time impose maximum and minimum limits on funds that may be transferred by virtue of the payment transfer service given. I realize and accept and agree that the same is to reduce my risks. I shall be bound by such limits imposed and shall strictly comply with them.
- Indemnity: I agree and undertake to indemnify Sqrrl/mutual funds/AMCs/trustees to the AMCs/authorized registrar of the AMC from and against all losses and damages that may be caused as a consequence of breach of any of the Electronic Payment Gateway for net banking and the terms and conditions mentioned herein above.
- Withdrawal of Facility: Sqrrl shall be entitled to withdraw this service at any time without assigning any reason whatsoever.
- Binding nature of above terms and conditions: I agree that by use of this facility, I shall deemed to have agreed to all the above terms and conditions and such terms and conditions shall be bound on me in the same manner as if I have agreed to the same in writing.
- I agree that all information, content, materials, products (including, but not limited to text, content, photographs, graphics, video and audio content) on the Sqrrl Websites is protected by copyright in the favour of Sqrrl under applicable copyright laws and is also protected otherwise under general intellectual property law.
- I agree that all information submitted by me to Sqrrl whether through the Sqrrl Websites or otherwise shall be deemed to be the property of Sqrrl, and Sqrrl shall be free to use any ideas, concepts, know‐how or techniques provided by me at the Sqrrl Websites, in any manner whatsoever.
- I agree not to copy, reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, transmit, license, create derivatives from, transfer or in any way exploit any part of any information, content, materials, services available from or through the Sqrrl Websites, except that which I may download for my own personal, non‐commercial use.
- I agree that I will not use Sqrrl's websites for any purpose that is unlawful, or prohibited by these Terms. I also agree that I will not use Sqrrl’s websites in any manner that could damage, disable or impair Sqrrl's websites or interfere with any other person’s use or enjoyment of Sqrrl’ websites.
- I agree that the software and hardware underlying Sqrrl’s websites as well as other internet related software which are required for accessing the Sqrrl website are the legal property of the respective Vendors. The permission given by Sqrrl to access the Sqrrl websites will not convey any proprietary or ownership rights in the above software/ hardware. I agree that I shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software/ hardware underlying the Sqrrl website or create any derivative product based on the software / hardware.
- I agree that not all the products and services offered on Sqrrl’s websites are available in all geographic areas and I may not be eligible for all the products or services offered by Sqrrl on the Sqrrl Websites. Sqrrl reserves the right to determine the availability and eligibility for any product or service.
- I agree that Sqrrl/AMC is not responsible for the availability of content or other services on third party sites linked from the Sqrrl website. I are aware that access of hyperlinks to other internet sites are at my own risk and the content, accuracy, opinions expressed, and other links provided by these sites are not verified, monitored or endorsed by Sqrrl in any way. Sqrrl 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.
- I agree that Sqrrl has the absolute discretion to amend or supplement any of the Sqrrl website Terms at any time without prior notice for such changes.
- I agree that an Account may be created offline, without accessing the Sqrrl website. In the event I create an investment services account offline, I understand and acknowledge that these Terms and Conditions and the Terms and Conditions of use of the Sqrrl website will continue to be applicable to me for the use of the Services.
- Mutual Fund investments are subject to market risks, and I have read and understood all scheme related documents (offer documents/ Key information Memorandum) carefully before investing.
- Whilst every reasonable precaution has been taken to ensure the accuracy, security and confidentiality of data and information available through the Sqrrl Account, Sqrrl/its authorised representative/its service provider shall not be held responsible for any consequence of any action carried out by you.
- The services/facility may suspend or withdrawn at any time, and that the Investment Account facility is also subject to interruption.
- The Website and the linked backend infrastructure may be inaccessible and/or unavailable at times. In such an event Sqrrl will not be liable for any damage, liability, action, cause of action, suit, claim, demand, loss, cost, and expense arising directly or indirectly from or in connection with such system inaccessibility and/or unavailability.
- Sqrrl makes no express or implied warranty:
- that the dealing through the Investment Account will be uninterrupted or free from errors or that any identified defect will be corrected;
- that the service is free from any virus or other malicious, destructive or corrupting code, program;
- in relation to non-infringement of any third party rights, merchantability, satisfactory quality or fitness for a particular purpose.
- Sqrrl/its authorised representative and its service provider shall not be liable for any loss or damage or other consequences arising from any suspension, breakdown, withdrawal, interruption, technical flaw, the presence of virus or other malicious, destructive or corrupting code, programs over the Sqrrl Account or otherwise and any consequent delay or failure in completion of any payment or other instructions as a consequence thereof arising from the use or inability to use the services.
- Sqrrl/its authorised representative and its service provider shall not be liable for any failure to perform any of its obligations or service standards etc if the performance is prevented, hindered or delayed by a Force Majeure Event, which includes any event due to any cause beyond the reasonable control including, without limitation, unavailability of any communication system including Internet, breach or virus in the processes or payment mechanism, sabotage, fire, flood, explosion, acts of God, civil commotion, 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, breach of security and encryption codes.
- I hereby allow Sqrrl Fintech Pvt Ltd to utilize my KYC information such as identity (Name, PAN, Age etc.), address and signature for sending it to Asset Management Companies (AMC) for the purpose of validation and to comply with the legal and regulatory requirements. I hereby accept that for any transaction that are submitted offline i.e. with wet signatures, the signature available in my KYC records would be used for signature. I agree and understand that I shall be solely liable to inform the Sqrrl Fintech Pvt Ltd or Asset Management Companies in case of any change in my KYC information including change in signature etc and in the event of my signature not being updated, available or legible in KYC records, the Sqrrl Fintech Pvt Ltd or Asset Management Company would be within its rights to carry out further checks to validate the authenticity of the request or reject any such offline request based on existing KYC information.”
- I, the holder of Aadhaar number, hereby give my consent to Sqrrl Fintech Pvt Ltd to obtain my Aadhaar number, Name and Fingerprint/Iris for authentication with UIDAI if required. Sqrrl Fintech Pvt Ltd has informed me that my identity information would only be used for eKYC and also informed that my biometrics will not be stored/shared and will be submitted to (KRA) only for the purpose of authentication.
- I have read and understood the contents of all the scheme related documents including but not limited to Statement of Additional Information and Scheme Information Document, Key Information Memorandum (KIM), addenda issued thereto from time to time and Product Label of the Scheme(s) before making the investment (collectively called as the Scheme related documents).
- I agree to abide by the terms, conditions, rules, regulations and take note of the risk factors of the respective scheme(s) as on the date of this transaction.
- I/We have neither received nor been induced by any rebate or gifts, directly or indirectly in making the above transaction.
- I hereby declare that I am/We are authorized to make the above transaction and the amount invested by me/us in the scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directions issued any statutory or regulatory or government authority from time to time.
- I confirm and believe that this transaction is appropriate for me as per my investment objective.
- I understand that Mutual fund and Securities are subject to market risks and there can be no assurance that the objectives of the schemes will be achieved.