Last updated: 9 October 2026
1. Parties and scope. This Agreement is between Seeco Wealth Private Limited (“Seeco”) and the person or entity onboarded as a client (“Client”). Seeco provides the services below on a non-discretionary, distribution and facilitation basis:
2. Nature of the relationship. Seeco is a distributor and facilitator. It is not a SEBI-registered Investment Adviser or Portfolio Manager, does not manage the Client’s money, does not hold the Client’s funds or securities, and does not give guaranteed or assured returns. Any guidance on suitability is incidental to distribution. The Client makes the final investment decision and is responsible for it. Where the Client wants fee-based, independent investment advice, Seeco will say so and refer the Client to a SEBI-registered Investment Adviser.
3. Client onboarding and KYC. The Client will provide true, complete and current information, including KYC, PAN, bank, risk profile and tax residency (FATCA/CRS) details. NRI clients will also provide documents required under FEMA, including NRE/NRO account details. The Client will promptly inform Seeco of any change. Seeco may decline or stop servicing any account where information is incomplete, false, or inconsistent with law.
4. How transactions work. The Client’s money moves directly between the Client’s bank account and the AMC, PMS provider, AIF, issuer or other product provider. Seeco does not accept cash or third-party payments and does not ask the Client to make payments to Seeco’s accounts for investments. Units and securities are held in the Client’s own name, folio or demat account. Seeco acts only on the Client’s instructions, which may be given by email, WhatsApp, phone or platform and which Seeco may record or confirm in writing.
5. Suitability and risk profile. Seeco will make reasonable efforts to understand the Client’s profile and share products that appear generally appropriate. The Client acknowledges that all investments carry risk, including loss of capital, and that suitability is the Client’s decision.
6. Remuneration and conflicts of interest. Seeco earns commission from AMCs, PMS providers, AIF managers, issuers, insurers and other product providers for distributed products, and may earn fees for separately agreed services such as tax filing or estate planning. Commission rates differ across products, which can create a conflict of interest. Seeco discloses its commissions on request and as required by SEBI and AMFI. For mutual funds, the Client may invest in Direct Plans directly with the AMC without paying distributor commission; Seeco distributes Regular Plans. Details are in the Disclosures page.
7. Client responsibilities. The Client will read the scheme information document, key information memorandum, PMS disclosure document, information memorandum, term sheet and other offer documents before investing, and will check statements for accuracy.
8. Reports and communication. Official statements and confirmations come from the AMC, RTA, PMS provider, depository or issuer. Any report Seeco shares is for convenience and does not replace the official record. Seeco may communicate by email, phone, SMS and WhatsApp, and the Client consents to this for service purposes.
9. No assurance on returns or taxes. Past performance does not predict future returns. Tax outcomes depend on the Client’s facts and the law in force; Seeco’s tax coordination is based on information the Client provides and is not a guarantee of any tax position.
10. Limitation of liability. Seeco is not liable for market losses, defaults by issuers or product providers, errors or delays by third parties (AMCs, RTAs, banks, exchanges, brokers), or events beyond its control. Subject to law, Seeco’s aggregate liability for proven negligence or misconduct is limited to the fees or commissions actually received from the Client in the 12 months before the claim, except for fraud or wilful misconduct.
11. Confidentiality and data. Seeco keeps Client information confidential and uses it as set out in the Privacy Policy.
12. Term and termination. Either party may end this Agreement by written notice. Termination does not affect existing investments, which continue with the product providers, or obligations that arose before termination. After termination, the Client can transfer holdings to another distributor or switch to Direct Plans.
13. Regulatory compliance. Seeco follows applicable SEBI, AMFI, APMI, RBI, FEMA and PMLA/KYC rules and may share information with regulators when required.
14. Governing law. Indian law applies. Disputes go first to Seeco’s grievance process, then to arbitration seated in Chennai under the Arbitration and Conciliation Act, 1996. The courts at Chennai have jurisdiction. The Client may also use SEBI SCORES and the SEBI Smart ODR platform.