Privacy Policy

This privacy policy states how Mfundz uses and protects any information you share on this website.

Mfundz as a platform ensures our firm commitment to protect your personal information shared on the website. To protect your information privacy, we are providing this notice explaining our information practices and how we use your data in general. Rest assured, information shared by you will only be used in accordance to this privacy statement.

Mfundz may change this policy from time to time as per the compliances. Current policy is effective from July 1, 2017.

INFORMATION WE COLLECT

Mfundz is facilitating investments in Mutual funds through Bombay Stock Exchange (“BSE”). To comply with BSE, we collect following information which includes, but is not limited to:

  1. Name
  2. Email
  3. Phone Number
  4. PAN Numberme
  5. Date of Birth
  6. Bank Account Information
  7. Demographic information such as Gender, Address, Income etc
  8. Pictures of documents required for KYC
  9. Other information that can help us improve our services
  10. Email address, Geo locations or any information entered in the Live Chat window or on phone or email or any form on website

COOKIES

We use data collection devices such as "cookies" on certain pages of our Websites. "Cookies" are small files sited on your hard drive that assist us in providing customized services and make your user experience pleasant. Cookies allows our web application to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. We also offer certain features that are only available using a "cookie". Overall, cookies help us provide you with a better website by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. Cookies may be used whether you register with us or not. Most web browsers automatically accept cookies, but you can usually modify your browser’s settings to decline cookies. This may prevent you from taking full advantage of the website.

LINKS TO THIRD PARTY WEBSITES

The Website may include hyperlinks to other web sites or content or resources including without limitation websites of Developers. We have no control over any websites or resources, which are provided by companies or persons other than us.

You acknowledge and agree that we are not responsible for the availability of any such external sites or resources, and do not endorse any advertising, products or other materials available on or from such websites or resources.

You acknowledge and agree that We are not liable for any loss or damage which may be incurred by you because of the availability of those external sites or resources, or because of any reliance placed by you on the completeness, accuracy or existence of any advertising, or other materials on, or available from, such websites or resources. These third-party service providers and Third-Party Sites may have their own privacy policies governing the storage and retention of your personal information that you may be subject to. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites. You should exercise caution and look at the privacy statement applicable to the website in question. We use third-party advertising companies to serve ads when you visit the Website.

USE OF YOUR INFORMATION

Your contact information is also used to contact you when necessary. We use your IP address to help diagnose problems with our server, and to administer our Website. Your IP address is also used to help identify you and to record your transaction on Mfundz.com for regulatory compliance. Finally, we may use your IP address to help protect our partners and ourselves from fraud. We will continue to enhance our security procedures as new technology becomes available. We will transfer information about you if we are acquired by or merged with another company.

DISCLOSURE OF YOUR INFORMATION

Due to the existing regulatory environment, we cannot ensure that all your private communications and other personally identifiable information will never be disclosed in ways not otherwise described in this Privacy Policy. By way of example (without limiting and foregoing), we may be forced to disclose information to the government, law enforcement agencies or third parties. Under certain circumstances, third parties may unlawfully intercept or access transmissions or private communications, or members may abuse or misuse your information that they collect from our Website. Therefore, although we use bank-grade security practices to protect your privacy, we do not promise, and you should not expect, that your personally identifiable information or private communications would always remain private.

As a matter of policy, we do not sell or rent any personally identifiable information about you to any third party. However, the following describes some of the ways that your personally identifiable information may be disclosed.

  1. External Service Providers: There may be several services offered by external service providers that help you use our Websites. If you choose to use these optional services, and while doing so, disclose information to the external service providers, and/or grant them permission to collect information about you, then their use of your information is governed by their private policy.
  2. Other Corporate Entities: We share much of our data, including personally identifiable information about you, with our parent and/or subsidiaries, and certain Developers that are committed to serving your online needs and related services, throughout the world. Such data will be shared for the sole purpose of enhancing your browsing experience. To the extent that these entities have access to your information, they will treat it at least as protectively as they treat information they obtain from their other members. It is possible that We and/or our subsidiaries, or any combination of such, could merge with or be acquired by another business entity. Should such a combination occur, you should expect that we would share some or all your information to continue to provide the service. You will receive notice of such event (to the extent that it occurs).
  3. Law and Order: We cooperate with law enforcement inquiries, as well as other third parties to enforce laws, such as: intellectual property rights, fraud and other rights. We can (and you authorize us to) disclose any information about you to law enforcement and other government officials as we, in our sole discretion, believe necessary or appropriate, about an investigation of fraud, intellectual property infringements, or other activity that is illegal or may expose us or you to legal liability.

YOUR PROFILE INFORMATION

After registration, you can review and change the information you submitted until your profile is accepted and made active for investments. If you change any information we may keep track of your old information. After making your investment, you can change your bank account details, correspondence address, nominee details after providing sufficient and adequate proof of the authenticity of information.

We will retain in our files information you have requested to remove for certain circumstances, such as to resolve disputes, troubleshoot problems and enforce our terms and conditions. Further, such prior information is never completely removed from our databases due to technical and legal constraints, including stored 'back up' systems. Therefore, you should not expect that all your personally identifiable information will be completely removed from our databases in response to your requests.

YOUR ACCESS DETAILS

When you sign up to become a Member, you will also be asked to choose a password. You are entirely responsible for maintaining the confidentiality of your password. Though we have implemented two step authentication process using OTP mechanism, it is important that you protect it against unauthorized access of your account and information by choosing your password carefully, and keeping your password and computer secure by signing out after using our services.

You agree not to use the account, username, email address or password of another Member at any time or to disclose your password to any third party. If you choose to share this information with third parties to provide you additional services, you are responsible for all actions taken with your login information and password and therefore should review each third party's privacy policy. You are responsible for all actions taken with your login information and password, including fees. If you lose control of your password, you may lose substantial control over your personally identifiable information and may be subject to legally binding actions taken on your behalf. Therefore, if your password has been compromised for any reason, you should immediately change your password. You agree to notify us immediately if you suspect any consistent unauthorized use of your account or access to your password even after changing it.

OTHER INFORMATION COLLECTORS

Except as otherwise expressly included in this Privacy Policy, this document only addresses the use and disclosure of information we collect from you. To the extent that you disclose your information to other parties, whether they are on our Websites or on other sites throughout the Internet, different rules may apply to their use or disclosure of the information you disclose to them. To the extent that we use third party advertisers, Payment gateway, SMS gateway, email service provider; they adhere to their own privacy policies. Since we do not control the privacy policies of the third parties, you are subject to ask questions before you disclose your personal information to others.

DATA SECURITY

We treat data as an asset that must be protected against loss and unauthorized access. We implemented high-level security techniques to protect such data from unauthorized access by members inside and outside the company. We follow generally accepted industry standards to protect the personal information submitted to us, when we receive it. However, "perfect security" does not exist on the Internet. You therefore agree that any security breaches beyond the control of our standard security procedures are at your sole risk and discretion.

DISCLAIMER

We cannot ensure that all your private communications and other personal information (including sensitive information like credit card information and bank account number) will never be disclosed in ways not otherwise described in this Privacy Policy. Therefore, although we are committed to protecting your privacy, we do not promise, and you should not expect, that your personal information will always remain private. As a user of the Site, you understand and agree that you assume all responsibility and risk for your use of the Site, the internet generally, and the documents you post or access and for your conduct on and off the Site.