These terms and conditions create a contract between you as a client and RankMF by SAMCO Securities Limited (“RankMF”). Please read the agreement carefully.

• Introduction to SmartSIP by RankMF
  • This agreement governs the use of SmartSIP order and it’s variants by you on the RankMF platform.
  • A SmartSIP order is a simple order type with 2 mutual fund schemes – one leg is the equity scheme and the other leg is a liquid scheme. It works as a multi – leg composite order where based on the Margin of Safety Index (MosDEX ™) of the Equity scheme, automatic adjustments are made between the selected Equity scheme and the liquid scheme.
  • The default liquid scheme selected for all SmartSIP orders is the ICICI Prudential Liquid Fund – Growth.
  • If the markets are expensive, the Margin of Safety (MosDEX) value is low and if the markets are cheap, the Margin of Safety value is high. The values of the MosDEX will range from 0 – 200, 100 being the base level of margin of safety where the underlying value of the scheme’s units converges with the price or the NAV i.e. net asset value of the scheme.
  • The SmartSIP order is available in 3 variants – SmartSIP , SmartSIP+ and SIP+.

• Order Mandate and Triggers
  • This agreement stands as a mandate for execution of pre-determined transactions based on index values as derived from the MosDEX. This mandate order stands as good till cancelled order by the client. The client authorizes RankMF to execute transactions in accordance with pre-defined rules as defined hereunder.
  • Mandate for SIP+ orders: SIP+ orders are similar to SIP (Systematic Investment Planning) orders such that a fixed monthly installment amount gets invested in an underlying equity scheme on a pre-determined date of each month. In addition to the regular SIP order, in months where the margin of safety is high and prices are low, an amount equivalent to the monthly installment amount gets invested in the selected equity scheme as an additional installment. The MosDEX ™ Index values for the previous trading day are used for determining the trigger on the date of the order. The Mandate orders for the SIP+ order shall operate as under:

    MosDEX ™ Index value for the Equity scheme	Mandate Order
    < 105	Invest SIP installment amount in Equity Scheme
    > 105	Additional installment amount equivalent to original SIP amount is drawn and invested in the scheme i.e. instead of Rs. 10000, double the amount i.e. Rs. 20000 would be invested in the scheme.

  • Mandate for SmartSIP orders: SmartSIP orders are intelligent 2-legged SIP orders with one leg being the selected Equity scheme and other leg comprising of the default liquid scheme i.e. ICICI Prudential Liquid Fund – Growth scheme. Similar to an SIP order, a fixed amount is debited and invested on a pre-determined date of each month. The MosDEX ™ Index values for the previous trading day are used for determining the trigger on the date of the order. The Mandate orders for the SmartSIP order shall operate as under:

    MosDEX ™ Index value for the Equity scheme	Mandate Order	Explanatory Note
    < 60	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth Sell 35% of Outstanding Equity Scheme Units and Invest proceeds in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Negative since price/NAV of equity scheme exceeds value of the scheme by a very high margin.
    60 – 80	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth Sell 30% of Outstanding Equity Scheme Units and Invest proceeds in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Very Low since price/NAV of equity scheme exceeds value of the scheme by a high margin.
    80 – 90	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Low since price/NAV of equity scheme exceeds value of the scheme by a reasonable margin.
    90 – 105	Invest SIP Installment amount in selected Equity Scheme	Margin of Safety is Moderate since price/NAV of equity scheme and the value of the scheme are more or less in convergence.
    105 – 110	Invest SIP Installment amount in selected Equity Scheme Sell amount of ICICI Prudential Liquid Fund – Growth equivalent to Monthly SIP Installment amount and invest proceeds in selected Equity Scheme After above, Sell 35% of outstanding units of ICICI Prudential Liquid Fund – Growth and invest proceeds in selected Equity Scheme	Margin of Safety is High since price/NAV of equity scheme is less than the value of the scheme.
    > 110	Invest SIP Installment amount in selected Equity Scheme Sell amount of ICICI Prudential Liquid Fund – Growth equivalent to Monthly SIP Installment amount and invest proceeds in selected Equity Scheme After above, Sell 100% of outstanding units of ICICI Prudential Liquid Fund – Growth and invest proceeds in selected Equity Scheme	Margin of Safety is Very High since price/NAV of equity scheme is far less than the value of the scheme.

  • Mandate for SmartSIP+ orders: SmartSIP orders are intelligent 2-legged SIP orders with one leg being the selected Equity scheme and other leg comprising of the default liquid scheme i.e. ICICI Prudential Liquid Fund – Growth scheme. Similar to an SIP order, a fixed amount is debited and invested on a pre-determined date of each month. In addition to the regular SIP order, in months where the margin of safety is high and prices are low, an amount equivalent to the monthly installment amount gets invested in the selected equity scheme as an additional installment. The MosDEX ™ Index values for the previous trading day are used for determining the trigger on the date of the order. The Mandate orders for the SmartSIP order shall operate as under:

    MosDEX ™ Index value for the Equity scheme	Mandate Order	Explanatory Note
    < 60	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth Sell 35% of Outstanding Equity Scheme Units and Invest proceeds in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Negative since price/NAV of equity scheme exceeds value of the scheme by a very high margin.
    60 – 80	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth Sell 30% of Outstanding Equity Scheme Units and Invest proceeds in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Very Low since price/NAV of equity scheme exceeds value of the scheme by a high margin.
    80 – 90	Invest SIP Installment amount in ICICI Prudential Liquid Fund – Growth	Margin of Safety is Low since price/NAV of equity scheme exceeds value of the scheme by a reasonable margin.
    90 – 105	Invest SIP Installment amount in selected Equity Scheme	Margin of Safety is Moderate since price/NAV of equity scheme and the value of the scheme are more or less in convergence.
    105 – 110	Invest SIP Installment amount in selected Equity Scheme Additional installment amount equivalent to original SIP amount is drawn and invested in the scheme i.e. instead of Rs. 10000, double the amount i.e. Rs. 20000 would be invested in the scheme. Sell 35% of outstanding units of ICICI Prudential Liquid Fund – Growth and invest proceeds in selected Equity Scheme	Margin of Safety is High since price/NAV of equity scheme is less than the value of the scheme.
    > 110	Invest SIP Installment amount in selected Equity Scheme Additional installment amount equivalent to original SIP amount is drawn and invested in the scheme i.e. instead of Rs. 10000, double the amount i.e. Rs. 20000 would be invested in the scheme. Sell 100% of outstanding units of ICICI Prudential Liquid Fund – Growth and invest proceeds in selected Equity Scheme	Margin of Safety is Very High since price/NAV of equity scheme is far less than the value of the scheme.

• Additional installment amounts in SIP+ and SmartSIP+
  • You understand that in the SIP+ and SmartSIP+ order type, additional installment amount is debited from your bank account in accordance with the mandate. It is your responsibility to ensure adequacy of funds being maintained in your bank account as on date of debit. RankMF and SAMCO Securities Limited shall not be liable for any charges that your bank may debit on account of rejection of debit instructions due to lack of funds or any other reason thereof. RankMF shall endeavor to inform you of likely cases of additional investments 2 days prior to the date of debit however shall not be held responsible in cases where the same is not done. It is primarily the client’s responsibility to maintain reasonable balances to avoid any rejection of debit instructions.

• Licensed Data for Margin of Safety - MosDEX ™, SmartSIP order and Research Disclosures
  • The SmartSIP order and MosDEX ™ values for schemes are licenses provided to you by SAMCO Securities Limited.
  • The MosDEX ™ is an proprietary valuation model that has been created and licensed to the user for the purposes of determining the relative price – valuation difference in the markets and the scheme. The MosDEX uses a variety of parameters for the determination of value of an underlying and compares the derived value with the existing net asset value for the purpose deriving an Index value.
  • The MosDEX ™ values are published every morning for the price/net asset value of the previous closing day. These values are subject to change on a regular frequency based on regular price/NAV updates.
  • This index value is strictly confidential and is being furnished to you solely for your index value. This index value should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Samco Securities and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this information in certain jurisdictions may be restricted by law, and persons in whose possession this information comes, should observe, any such restrictions. The index value given in this information is as of the date of this information and there can be no assurance that future results or events will be consistent with this index value. This index value is subject to change without any prior notice. Samco Securities reserves the right to make modifications and alterations to this statement as may be required from time to time. Samco Securities or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the index value contained in this information. Neither Samco Securities nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the index value. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. The index value provided in these information remains, unless otherwise stated, the copyright of Samco Securities. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Samco Securities and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.
  • Samco Securities and its associates, officer, directors, and employees, research analyst (including relatives) may: (a) from time to time, have long or short positions in, and buy or sell the mutual funds, mentioned herein or (b) be engaged in any other transaction involving such funds and earn brokerage or other compensation or act as a distributor in the mutual funds of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related index value and opinions at the time of publication of research information or at the time of public appearance. Samco Securities may have proprietary long/short position in the above mentioned fund(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Samco Securities. Samco Securities or its associates may have received compensation from the subject company/fund/asset management company in the past 12 months. Samco Securities or its associates may have received compensation for brokerage services from the subject company in the past 12 months. Research analyst or his/her relative or Samco Securities’s associates may have financial interest in the subject company. Samco Securities and/or its Group Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise in the Securities/Currencies and other investment products mentioned in this information. Samco Securities, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related index value and opinions at the time of publication of research information or at the time of public appearance.
  • Research analyst has served as an officer, director or employee of subject Company/Fund/Asset Manager: No 
  • Samco Securities has financial interest in the subject Company/Fund/Asset Manager: No
  • Samco Securities’s Associates may have actual / beneficial ownership of 1% or more securities of the subject Company/Fund/Asset Manager at the end of the month immediately preceding the date of publication of research information. Disclosure No
  • Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject Company/Fund/Asset Manager at the end of the month immediately preceding the date of publication of research information: No
  • Samco Securities has actual/beneficial ownership of 1% or more securities of the subject Company/Fund/Asset Manager at the end of the month immediately preceding the date of publication of research information: No
  • Subject Company/Fund/Asset Manager may have been client during twelve months preceding the date of distribution of the research information.
  • The analyst for this information certifies that all of the views expressed in this information accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this information.

• Risk Disclosures and Disclaimer
  • Mutual Fund Investments are subject to market risks, read all scheme documents carefully before investing.
  • The performance data of the SmartSIP has been back tested for periods since 1st January 2005 or later based on availability of data and existence of the scheme. Past performance of SmartSIP product/fund/AMC/sponsor does not indicate future performance.
  • There is no guarantee of returns and investors confirm that neither guaranteed returns nor assured returns are being offered to them by RankMF or any of it’s employees or associates.
  • Past performance may or may not be sustained in the future. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to SmartSIP order type.
  • The data or figures mentioned on the RankMF shall not be construed as indicative yields/returns of any of the variants or products of RankMF or SmartSIP.
  • For Schemes specific risk factors please refer the Scheme Information Document (‘SID’). For further details, please refer the Statement of Additional Information, SID and Key Information Memorandum cum Application Forms of the respective Schemes, which are available at AMC and Registrar Offices and Investor Service Centres/AMC website.
  • The content and data available on RankMF.com, including but not limited to MosDEX index value, SmartSIP return numbers and SmartSIP signals are for information and illustration purposes only. Charts and performance numbers are back tested/simulated results calculated via a standard methodology and do not include the impact of taxes and related transaction costs. Data used for calculation of historical returns and other information is provided by approved third party data vendors and has neither been audited nor validated by the company.
  • All information present on RankMF.com is to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on RankMF.com is one among many other things that should be considered while making an investment decision.

• Registered Address of SAMCO Securities Limited
  • Address: 1004 - A, 10th Floor, Naman Midtown - A Wing, 
    Senapati Bapat Marg, Elphinstone Road, 
    Mumbai - 400 013, Maharashtra, India.
  • CIN Number: U67120MH2004PLC146183
  • Research Analyst Registration Number: INH000005847
  • ARN Number : 120121
  • Compliance Officer – Narayan Thanvi
  • Contact Number - +91-22-22227777
  • Email – grievances@samco.in

• No Warranty
  • NO WARRANTY: YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT USE OF THE LICENSED DATA AND SOFTWARE IS AT YOUR SOLE RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE LICENSED DATA AND SOFTWARE AND ANY SERVICES PERFORMED OR PROVIDED BY THE LICENSED DATA AND SOFTWARE ARE PROVIDED "AS IS" AND “AS AVAILABLE,” WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND, AND LICENSOR HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH RESPECT TO THE LICENSED DATA AND SOFTWARE AND ANY SERVICES, EITHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES AND/OR CONDITIONS OF MERCHANTABILITY, OF SATISFACTORY QUALITY, OF FITNESS FOR A PARTICULAR PURPOSE, OF ACCURACY, OF QUIET ENJOYMENT, AND OF NONINFRINGEMENT OF THIRD-PARTY RIGHTS. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY LICENSOR OR ITS AUTHORIZED REPRESENTATIVE SHALL CREATE A WARRANTY. SHOULD THE LICENSED DATA AND SOFTWARE OR SERVICES PROVE DEFECTIVE, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR, OR CORRECTION. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES OR LIMITATIONS ON APPLICABLE STATUTORY RIGHTS OF A CONSUMER, SO THE ABOVE EXCLUSION AND LIMITATIONS MAY NOT APPLY TO YOU.

• Disclaimer of Warranty, No Liability
  • TO THE EXTENT NOT PROHIBITED BY LAW, IN NO EVENT SHALL LICENSOR BE LIABLE FOR PERSONAL INJURY OR ANY INCIDENTAL, SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, LOSS OF DATA, BUSINESS INTERRUPTION, OR ANY OTHER COMMERCIAL DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE LICENSED DATA AND SOFTWARE, HOWEVER CAUSED, REGARDLESS OF THE THEORY OF LIABILITY (CONTRACT, TORT, OR OTHERWISE) AND EVEN IF LICENSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY FOR PERSONAL INJURY, OR OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THIS LIMITATION MAY NOT APPLY TO YOU. In no event shall Licensor’s total liability to you for all damages (other than as may be required by applicable law in cases involving personal injury) exceed the amount of five hundred rupees (Rs. 500.00). The foregoing limitations will apply even if the above stated remedy fails of its essential purpose.
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  • IN NO CASE SHALL SAMCO/RANKMF, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, CONTRACTORS, OR LICENSORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING FROM YOUR USE OF ANY OF THE SERVICES OR FOR ANY OTHER CLAIM RELATED IN ANY WAY TO YOUR USE OF THE SERVICES AND/OR CONTENT, INCLUDING, BUT NOT LIMITED TO, ANY ERRORS OR OMISSIONS IN ANY CONTENT, OR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE SERVICES, EVEN IF ADVISED OF THEIR POSSIBILITY. BECAUSE SOME COUNTRIES, STATES OR JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR THE LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, IN SUCH COUNTRIES, STATES OR JURISDICTIONS, SAMCO/RANKMF'S LIABILITY SHALL BE LIMITED TO THE EXTENT SUCH LIMITATION IS PERMITTED BY LAW.
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  • SAMCO/RANKMF DOES NOT REPRESENT OR GUARANTEE THAT THE SERVICES WILL BE FREE FROM LOSS, CORRUPTION, ATTACK, VIRUSES, INTERFERENCE, HACKING, OR OTHER SECURITY INTRUSION, AND YOU HEREBY RELEASE SAMCO/RANKMF FROM ANY LIABILITY RELATING THERETO. YOU SHALL BE RESPONSIBLE FOR BACKING UP YOUR OWN SYSTEM, INCLUDING ANY CONTENT ACQUIRED OR RENTED THROUGH THE SERVICES.
  • SAMCO/RANKMF IS NOT RESPONSIBLE FOR DATA CHARGES YOU MAY INCUR IN CONNECTION WITH YOUR USE OF THE SERVICES.

• Waiver and Indemnity
  • BY USING THE SERVICES, YOU AGREE, TO THE EXTENT PERMITTED BY LAW, TO INDEMNIFY AND HOLD SAMCO/RANKMF, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, CONTRACTORS, AND LICENSORS HARMLESS WITH RESPECT TO ANY CLAIMS ARISING OUT OF YOUR BREACH OF THIS AGREEMENT, YOUR USE OF THE SERVICES, OR ANY ACTION TAKEN BY SAMCO/RANKMF AS PART OF ITS INVESTIGATION OF A SUSPECTED VIOLATION OF THIS AGREEMENT OR AS A RESULT OF ITS FINDING OR DECISION THAT A VIOLATION OF THIS AGREEMENT HAS OCCURRED. YOU AGREE THAT YOU SHALL NOT SUE OR RECOVER ANY DAMAGES FROM SAMCO/RANKMF, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, CONTRACTORS, AND LICENSORS AS A RESULT OF ITS DECISION TO REMOVE OR REFUSE TO PROCESS ANY INFORMATION OR CONTENT, TO WARN YOU, TO SUSPEND OR TERMINATE YOUR ACCESS TO THE SERVICES, OR TO TAKE ANY OTHER ACTION DURING THE INVESTIGATION OF A SUSPECTED VIOLATION OR AS A RESULT OF SAMCO/RANKMF'S CONCLUSION THAT A VIOLATION OF THIS AGREEMENT HAS OCCURRED. THIS WAIVER AND INDEMNITY PROVISION APPLIES TO ALL VIOLATIONS DESCRIBED IN OR CONTEMPLATED BY THIS AGREEMENT.

• Arbitration
  • In the event of any dispute between the Parties, they shall on good faith first discuss mutually and endeavor to arrive at an acceptable solution. If they are unable to do so, the dispute may be referred to arbitration by a sole arbitrator to be mutually appointed by the Parties. In case of the parties fail to arrive at consensus for appointment of a sole arbitrator within a period of 15 days then the parties shall appoint an arbitrator each who in turn will appoint the third arbitrator. The decision arising out of the arbitration shall be final and binding on the Parties. The arbitration shall be conducted in English language and the venue shall be Mumbai.

• Governing Law and Jurisdiction
  • Except to the extent expressly provided in the following paragraph, this Agreement and the relationship between you and RankMF/SAMCO Securities Limited, and all Transactions on the Services shall be governed by the laws of the India, excluding its conflicts of law provisions.
  • Subject to the aforesaid, the Parties hereto agree that any dispute arising in connection with this Agreement, the Courts in Mumbai will have exclusive jurisdiction.

Last Updated on July 15, 2019.