Please read these Terms & Conditions carefully before using the DMK Wealth website and services. By accessing this website, you agree to comply with these terms and applicable laws.
These Terms and Conditions establish the rules governing the use of our website, investment services, and digital platform. They are designed to ensure transparency, security, and compliance with applicable regulations.
When using our online investment portal, users agree to the following conditions.
Platforms explicitly state that investments are subject to market risks, and neither past performance nor the principal investment is guaranteed.
T&Cs outline the strict cut-off times (e.g., 1:30 PM or 3:00 PM depending on the fund type) used to determine the Net Asset Value for your purchase or redemption.
The site will detail their expense ratios, exit loads (fees for withdrawing early), and any commissions received as an intermediary.
By accepting the T&Cs, you agree that you have read the Scheme Information Document (SID) and acknowledge that you are legally bound by SEBI regulations.
If you are engaging with a registered chit fund online, T&Cs focus on localized rules and operations:
You must be an Indian citizen of legal age (18 or 20+, depending on the company) to join groups, requiring explicit KYC (Aadhaar, PAN)
The agreement defines the bidding processes, such as the maximum discount rate a subscriber is willing to take, and confirms that the foreman's decision in a bidding dispute is final.
It highlights the timeline for paying your monthly installments and the penalties or legal actions enforced if a member defaults on payments.
Outlines how the prize money is distributed (by lot or auction) after each collection and what documents are required to claim it.
A quick comparison between Mutual Funds and Chit Funds.
| Feature | Mutual Funds | Chit Funds |
|---|---|---|
| Regulation | Regulated by SEBI (Securities and Exchange Board of India). | Regulated by state governments under the Chit Funds Act, 1982. |
| Liquidity | Highly liquid; open ended funds can usually be redeemed anytime (subject to exit loads). | Locked liquidity; you get your lump sum only when you win the bid or by lottery during the tenure. |
| Risk Factor | Volatile and tied to market performance (equity, debt). | Depends on the financial reliability of other group members and the company's management. |
Users are advised to carefully understand all investment products, risks, fees, regulatory requirements, and eligibility conditions before making financial decisions.
Website Terms and Conditions (T&Cs) form a legally binding contract protecting company's intellectual property, defining acceptable user behavior, and limiting liability. While not strictly a legal mandate, they are critical for managing disputes and shielding your business from cyber liabilities and malicious third-party attacks. To build comprehensive, enforceable, and localized terms, your T&Cs should include the following core sections:
Prohibit users from hacking, launching [DDOS] Distributed Denial of Service attacks, introducing malware, or attempting to breach your network's security or vulnerability measures.
Disclaim responsibility for any computer system damage, data loss, or malware exposure users might suffer while browsing your website.
Assert ownership over all trademarks, logos, and content, and explicitly state that unauthorized copying or scraping of your site is prohibited.
State the specific legal jurisdiction governing the T&Cs (e.g., laws of India, governed by the courts in Satara, Maharashtra).
Retain the right to immediately suspend or terminate access for any user who violates your security or usage rules.
Make sure your T&Cs are prominently displayed (typically in the website footer) and require users to click an "I Agree" button or tick a box during account creation or checkout to make the agreement enforceable.
Every user is responsible for protecting their account and complying with security requirements.
By accessing or using this website, you acknowledge that you have read, understood and agreed to these Terms & Conditions. If you do not agree with any part of these Terms, please discontinue use of this website.
To maintain a secure online environment, every user accessing the DMK Wealth website must comply with the following cyber security requirements.
Clearly state that while you implement industry-standard safeguards, the client or user acknowledges no digital system is completely immune to security breaches.
Prohibit users from hacking, introducing malware, reverse-engineering, conducting unauthorized penetration testing, or circumventing system controls.
Protect your business from damages, data loss, or system downtime resulting from cyber-attacks or unauthorized third-party access.
Specify how security incidents will be handled, requiring users or clients to report suspected vulnerabilities or breaches immediately.
Enforce guidelines on permitted activity, restricting automated scraping, spam distribution, and other activities that threaten server stability.
Require users to maintain strong passwords, utilize Multi-Factor Authentication (MFA), and keep their account credentials confidential.