These Terms and Conditions (“Terms”) govern the “User(s)” (as defined below) access or availing of Services (as defined below) being provided by Mumbai Angels Network Private Limited and hosted by 360 ONE Distribution Services Limited (Formerly, IIFL Wealth Distribution Services Limited), both subsidiaries of 360 ONE WAM Limited (Formerly, IIFL Wealth Management Limited) (hereinafter “Company” or “we” or “us”) which term shall include the Company’s directors, officers, employees, representatives, agents, affiliates and permitted assigns, through its platform accessible at Mumbai Angels app (“Platform”). The Company has its principal place of business at 360 One Centre, Kamala City Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra - 400013.
For the purposes of these Terms, the Users (as defined below) shall be referred to as “you” or “your”.
i. Please read the Terms carefully before using and accessing the Platform. Before accessing or using the Platform or availing any Services, you:
ii. We may modify the Terms at any time by posting the changes on the Platform and you agree that it shall be your responsibility to ascertain the changes to the Terms, by viewing the revised Terms. However, we will obtain your consent prior to any material changes pertaining to your continued use of any Services after the new and/or revised Terms are effective, which would indicate that you have read, understood, and agreed to those Terms.
iii. In order to avail the Services offered on the Platform, you will be required to register on the Platform by providing details about yourself, including your name, contact details and such other details as may be required and create an account (“Account”), by setting up your username and password (“MPIN”). You shall not have more than one active account on the Platform. Additionally, you are prohibited from selling, trading, or otherwise transferring your Account to another party or impersonating any other person for the purposing of creating an Account with the Platform.
i. To avail our Services, you will be required to register on the Platform and create an Account with us, after completing KYC procedures as may be prescribed by us. You represent that you have all rights required to provide the information that you have provided to the Company, including the User Information and represent that they are true and accurate.
ii. Please note that any fee paid by you towards creation of an Account on the Platform is non-refundable.
iii. Except as expressly set out herein and to the fullest extent permitted by law, the Company and its third-party suppliers make no warranties and hereby specifically disclaim all implied warranties or conditions, including any implied warranties or conditions of merchantability, satisfactory quality, fitness for a particular purpose, title, noninfringement of third party rights, or any warranties arising from usage of the Platform.
iv. You will be solely responsible for your acts on the Platform including those conducted under your username or using your User Information. Unless otherwise permitted under these Terms, you are prohibited from sharing your username or password/MPIN or other login credentials to anyone else.
vi. You understand that the Company shall adhere to reasonable security measures deemed to be appropriate by the Company for the provision of the Services and the Platform, including, without limitation, using reasonable measures to secure your information (including User Information) from unauthorized access and modifications. Such security measures shall be no less stringent than the measures used by the Company to secure its own information. You will not take any action that will cause a breach of the security measures used by the Company.
vii. Your access and use of the Platform may possibly be disrupted due to technical or operational difficulties, without prior notice of downtime.
ix. Your KYC details like PAN, address details, bank details and documents, signature, etc. may be shared with any Third Party that the Company has partnered with to facilitate processing of payment and other third Parties as engaged from time to time. Such records may be used for authorizing the transactions that have been submitted by you. The Company and Third Parties would be sending you messages on the mobile number and email ID provided by you to inform you the status of your orders/ investments / portfolio / new investment opportunities, etc. The subject companies in any investment opportunity are not obliged to accept any subscriptions, purchases to their investment offerings.
x. You shall notify the Company, in writing, if there is any change in the information provided by you.
xii. You shall ensure that any amount utilised for transactions in relation to the services on the Platform are from legitimate sources only and not made for the purpose of contravention and/or evasion of applicable laws. You further confirm that you are not restricted by any legal/ regulatory/ judicial/ governmental/ other authority, to access the Platform and/or the Services.
xiii. You shall only use the Platform and Services for your personal use.
xiv. You hereby provide your consent to be contacted by the Company, Third Parties through calls, SMS, e-mails, push notifications or any other form of electronic communication in connection with your access to the Platform and Services.
xv. In order to personalize and improve your experience in using the Platform and enable us to provide you with better Services, we may collect and store your device data, Platform usage data, and cookies.
xvi. By accessing and using the Platform, you agree not to undertake certain activities which include but are not limited to:
i. You shall ensure and confirm that the User Information provided by you is complete, accurate and up to date. If there is any change in the User Information, you shall promptly update your User Information on the Platform. If you provide any information that is untrue, inaccurate, not current, incomplete, misleading, fraudulent, (or becomes untrue, inaccurate, not current, incomplete, misleading or fraudulent), or if the Company has reasonable grounds to suspect that such information belongs to any of the foregoing categories, it will be deemed to be a breach of these Terms and the Company has the right to suspend or terminate your Account and refuse any and all current or future use of the Platform (or any portion thereof) at its discretion, in addition to any right that the Company may have against you at law or in equity.
ii. You will be responsible for maintaining the confidentiality of the User Information and are fully responsible for all activities that occur in your Account. You agree to (a) immediately notify the Company of any unauthorized use of your User Information or any other breach of security, loss of device and (b) ensure that you exit from your Account at the end of each session. The Company cannot and will not be liable for any loss or damage arising from your failure to comply with this provision.
iii. Use of another User’s Account information for availing the Services is expressly prohibited.
i. Once you have created an Account with us, you will be able to avail the Services provided on the Platform. However, please note that some of these services may only be availed by you if you are undertaking a transaction above a certain monetary threshold as may be revised by the Company from time to time. All transactions undertaken by the Company will be at your express instructions and strictly on a non- risk participation basis.
i. The Company is granting a limited right to you to access and use the Platform, including the content and material therein, in accordance with the Terms, on a non-exclusive, worldwide, revocable, royalty-free, non-transferable and non-sublicensable basis. There are no other rights being granted to you on the Platform or any of its contents and functionalities.
ii. You agree and acknowledge that all content, material and information on the Platform including but not limited to reports, newsletters, information, logos, designs, databases, arrangement of databases, user interfaces, response formats, software, pictures, logos, icons, including any intellectual property rights therein, are the sole property of the Company, or its licensors as the case may be and you agree not to use or otherwise reproduce separately, the aforementioned proprietary rights without obtaining the Company's prior written consent. You agree to not remove, obscure, or otherwise alter any proprietary notices appearing on any content on the Platform, including copyright, trademark, and other intellectual property notices. The Company has endeavoured to ensure that all the information on the Platform, including in any reports provided to you are correct, but the Company neither warrants nor makes any representations regarding the quality, accuracy or completeness of any data, information in relation to the Platform, Services, reports or otherwise.
iii. You have no right to use any search mechanisms other than that provided on the Platform, and you will not use any web-crawler, robot or any data harvesting tools to access, monitor, harvest, copy or scrape data in any manner from the Platform.
i. The Company is not registered as an Investment Advisor as defined under the (Investment Advisers) Regulations, 2013 and does not hold itself out to be an Investment Advisor.
ii. Any recommendation or advice with reference to the Services provided on the Platform will be incidental to the provision of such Services and in no manner shall be construed as advice given by the Company as an Investment Advisor. The decision to act on such recommendation or advice shall be at your sole discretion.
iii. You expressly agree that any information you read on the Platform or any information communicated to you by the Company shall not be construed as Investment Advice and that all decisions to act upon such information shall be on the basis of your personal judgement arrived after due consideration only. You understand and agree that the Company does not, in any manner:
iv. You are responsible for any or all investment decisions made by you on this Platform and are also responsible for validating all the information used to make the investment decision. You agree that the investment decision is based on your independent assessment of your personal investment needs and risk tolerance which may be solely determined by you. Any information available on the Platform is one among many other things that should be considered while making an investment decision.
v. For the avoidance of any doubt, we accept no responsibility for any investment decisions made on the Platform and you shall not hold the Company or/and its affiliates and their officers, employees, directors and agents liable for any action undertaken or the consequence thereof based on the advice or representation provided to you by the Company or/and its affiliates and their officers, employees, directors and agents, including by not limited to any opinions/views stated under the “our views” section on any screen.
vi. You understand and agree that the Company will not be responsible, in any manner whatsoever, for Services provided by Third Parties on the Platform and you will directly engage with such Third Parties for any queries that you may have.
vii. The Platform, the Services, and any content or information therein are provided "as is" without warranty of any kind, either express or implied, including without limitation, any implied warranties of merchantability, fitness for a particular purpose, or non-infringement. The Company does not warrant, and hereby disclaims any warranties, either express or implied, with respect to the accuracy, adequacy or completeness of the content of or the Services provided through the Platform. The Company does not warrant that the Platform will operate in an uninterrupted or error-free manner or that the Platform is free of viruses or other harmful components.
viii. To the extent permissible under applicable laws, you expressly release the Company and where applicable its officers, employees, authorized representatives and agents from any cost, damage, liability or other consequence of any use of the Platform by you.
ix. You understand and acknowledge that it is at your own discretion and based on our judgment that you avail Services on the Platform. The Company does not guarantee that availing Services on the Platform will result in profits or otherwise meet your investment objectives and goals.
x. You are responsible to keep yourself updated of any local legal and/or regulatory requirements with regards to conducting transactions on the Platform.
xi. The Company reserves the right to remove any content on the Platform.
xii. The 360 ONE WAM group companies may have other business interests with the Third Parties providing Services on the Platform. You understand and agree that the Company may earn fees / commissions or any other remuneration from such Third Parties or 360 ONE WAM group companies (on an arm’s length basis) for Services provided on the Platform. You acknowledge that such fees / commission / remuneration shall solely belong to the Company.
xiii. The Platform may contain links to Third Party Platforms or Third Party content. The Company shall not be responsible in any manner for the contents of these Third Party Platforms or such other Third Party content and if you choose to use or view the Third Party Platforms or access such Third Party content, you choose to do so at your own risk. The Company does not endorse the contents nor in any manner represents the accuracy or correctness of information on such Third Party Platforms or such other Third Party content.
xiv. Except as specifically set forth on the Platform, any information contained therein is not an offer to sell or an invitation or solicitation of an offer to buy any security or other service. The Company does not offer any investment, tax or legal advice to anyone accessing or using this Platform. You should take appropriate advice on the legal requirements and as to the possible tax consequences, that may be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments. You are expected to obtain or rely on your own independent advice/ advice obtained from an investment advisor with respect to any investments made through the Platform / the offline operational model of the Company.
xvi. Disclaimers pertaining to product offerings on the Platform (“Products”)
xvii. Disclaimers under “Deal Page”
xviii. Disclaimers under “Commit Amount Button”
xix. Disclaimers under “Portfolio tab”
xx. Disclaimers under “Events tab”
xxi. Disclaimers under “Resources tab”
ii. The mode of payments available to you through the Platform are internet banking and cheque payments, as facilitated by the Third Party payment service providers. The information on security of these payment methods, along with the information on any fees or charges payable by you, charge back options (if any), will be provided to you by the Third Party payment service provider.
iii. In order to make payments online, you undertake to use bank details or details required for any other mode of payment (Payment Details), and to have sufficient funds or credit or transfer limits available to complete the payment on the Platform in good standing. These Payment Details will be provided by you to our Third Party payment service providers and will be governed by such payment service providers’ terms and policies. By providing the Payment Details, you represent, warrant, and covenant that:
iv. The payment receipt for completion of a transaction shall be provided by the respective Third Parties (i.e., vendors) and the transaction summary shall be provided by the Company, the payment receipt and transaction summary shall be made available on the Platform and also sent to your registered email address.
v. Except to the extent otherwise required by applicable law, the Company is not liable for any payments authorized through the Platform using your Payment Details.
vi. Particularly, the Company is not liable for any payments that do not complete because:
i. In no event shall the Company be liable to you and any third party, for any loss of profits (anticipated or real), loss of reputation, loss of data, or any direct, indirect, special, incidental, consequential, punitive, tort or other damages, however caused, whether or not it has been advised of the possibility of such damages.
ii. In no event shall the Company be liable to you for actions attributable to the Third Parties including those offering the Products and services on the Platform.
Except in cases of gross negligence, or wilful default of the Company, you agree to release, indemnify, and hold the Company and its affiliates and their officers, employees, directors and agents harmless from any and all losses, damages, costs, charges, expenses, including reasonable attorneys' fees, rights, claims, liabilities, actions of any kind and injury, directly or indirectly, arising out of or relating to your breach of these Terms or your access or use of the Platform or Services including your actions or omissions or delays.
i. You may communicate with the Company for any grievance that you experience in connection with the Services or the Platform, at
You can also reach out to your relationship manager in this respect.
ii. Please provide your name, email address, physical address and contact numbers so that the Company may be in a position to verify details or check the authenticity of the complaints.
i. Termination: The Company reserves the right to terminate your access to the Platform or any Services at any time by giving 30 days prior notice in writing to you, for any reason, including if you violate these Terms or on account of inactive/dormant User status, death, insolvency, or bankruptcy of the User, any restriction imposed by any legal/governmental/judicial/regulatory/other authority, or for any other cause arising out of applicable laws. The Company may also terminate or suspend your access to the Platform or any Services at any time with immediate effect and without prior notice, in the event that you are found to be/ suspected to be in negligent, wilfully defaulting or fraudulent in your use of or access to the Services and/or the Platform. You acknowledge the Company’s right to do so and waive any claim that you may have arising from such termination. The Company may also in its sole discretion and at any time discontinue the provision of the Platform or Services, or any part thereof. Notwithstanding such termination, all provisions of these Terms which by their nature are intended to survive, shall survive termination and continue to be applicable. You may also terminate your Account by giving 30 days prior notice in writing to the Company. Notwithstanding any termination under this Clause, you will not be relieved of your obligations incurred hereunder prior to the date on which such termination shall become effective.
ii. Force Majeure: In no event shall the Company be liable for any acts beyond its control including but not limited to lockdowns, war, strike, riots, crime or act of God such as flooding, earthquake, pandemics or other natural disasters, unavailability of any communication systems or failure of any telecommunication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, hacking, unauthorized access to computer systems not attributable to the Company. Any delay or failure in the performance by Third Parties hereunder shall be excused if and to the extent caused by the occurrence of acts beyond their control and other acts as mentioned above. For the avoidance of any doubt, the Company will not be liable for actions/omissions/technical failures/delays caused due to a bank or other third parties or rejection of instructions by such parties in relation to the Services being procured by you.
iii. Access: You are solely responsible for complying with laws applicable to you in relation to the access to the Platform and use of Services.
iv. Waiver:No waiver of any provision of these Terms shall be binding unless executed and notified by the Company in writing to you. No waiver of any of the provisions of these Terms shall be deemed or shall constitute a waiver of any other provision and no waiver shall constitute a continuing waiver. You hereby waive any present or future claims you have against the Company arising from your use of the Platform.
v. Assignment: You may not assign your obligations under these Terms or any part thereof without the prior written consent of the Company.
vi. Severability: If any provision of these Terms is determined to be invalid or unenforceable, it will not affect the validity or enforceability of the other provisions of these Terms, which shall remain in full force and effect.
vii. Governing Law: These Terms are governed by the laws of India. Any disputes that may arise in connection herewith or relating to these Terms or anything done hereunder shall be subject to the exclusive jurisdiction of the courts at Mumbai, Maharashtra, India.