Policy on Privacy and Security of Information
We, at ITI Mutual Fund, respect investors right to privacy.
We recognise that the lawful and correct treatment of personal data is very important
to maintain investor's confidence in ourselves.
It is our endeavor to ensure that any personal data that we collect, process, record
or use in any way whether it is held on paper, on computer or other electronic media
will have appropriate safeguards in place to comply with our obligations of confidentiality
and privacy.
In this regard, we request investors to kindly read this “Policy on Privacy and
Security of Information” carefully.
The terms as may be used in this document would be in accordance with “The Information
Technology Act 2000 as amended till date, Information Technology (Reasonable security
practices and procedures and sensitive personal data or information) Rules, 2011”
and such other rules/regulations and Circulars as may be applicable.
The Policy
ITI Asset Management Limited (‘AMC’), a Company incorporated under the Companies
Act, 1956, has been appointed as the Investment Manager to the Schemes of ITI Mutual
Fund. ITI Mutual Fund Trustee Private Limited (‘Trustee Company’) is the Trustee
to the Mutual Fund. The Investment Trust of India Limited and Fortune Credit Capital
Limited are the Sponsors of the Mutual Fund.
The AMC either directly or through third party service providers engaged by the
AMC (Service Providers) such as the Registrar and Transfer agents collects, receives,
possesses, stores, deals or handles information received from investors whether
existing or prospective.
Such information can be personal and sensitive in nature as per the indicative list
given below:
- Bank Account details change of bank account details or registration of multiple
bank accounts etc. through application forms;
- Payment instrument details at the time of submitting application at the time of
investment or as proof for carrying out change of bank account or any other details
of debit card obtained (if any);
- Generation and storing password (PIN) in encrypted form based on the request from
the investor under the online mode of investments;
- Biometric information obtained, if any;
- Demat Account details like beneficiary account no. etc.;
- Annual Income and savings profile; and
- Other information as may be considered as sensitive and personal.
The aforesaid information is being collected by the AMC/Service Providers to respond
to your requests, to process the investment applications and to also ensure safe
subscriptions/redemptions through points of acceptance in physical form, website,
online portals, Automated Teller Machines and such other mode. The AMC may also
call the investors to inform them with respect to the other products or services
offered by the AMC. The said information is also being collected to be compliant
with the Know Your Client (KYC) norms under the Prevention of Money Laundering Act,
2002, (PMLA), the rules issued there under, and guidelines and circular on Anti-
Money Laundering issued by SEBI and SEBI (Mutual Funds) Regulations, 1996 as amended
till date.
The aforesaid information is the basis of our ability to provide investors with
good, qualitative, timely and efficient service, while also keeping the information
and data provided totally secure and confidential.
We endeavor to have suitable technical, operational and physical security controls
and measures to protect investors personal/sensitive data or information that are
commensurate with the nature of our business at all times.
We permit only authorized employees who are trained in the proper handling of investor
information, to have access to aforesaid information. We would ensure to enter into
suitable terms with third party service providers in order to protect investor confidentiality
and follow a non-disclosure or restricted disclosure policy. Further, the employees
who violate the privacy and confidentiality promise shall be subjected to disciplinary
action.
We shall reveal only such information to external authorities as may be found relevant
and necessary in order to comply with the applicable laws of the land and to third
party service providers to ensure smooth functioning of the activities as may be
prescribed under applicable laws like Registrar and Transfer Agents/distributors/banks/sub-brokers/call-centers/custodians/depositories
and such other entities/persons. By using our website or by agreeing to transact
with us, you agree to the above sharing of information during your relationship
with us. We may also be required from time to time to disclose investor personal
information to governmental or judicial bodies or agencies or our regulators based
on their requirement to comply with the applicable laws including cyber laws. In
addition to the above we may also use the information shared by investors to contact
investors regarding the products and services offered by us and seek feedback on
the services provided. Further, such information may also be used by us to generate
statistics and reports and/or to protect and defend the rights, interest and property
of the Mutual Fund, AMC, Trustee Company, Sponsors & its affiliates and directors
and/or to enforce legal rights or provisions of the Scheme related Documents of
the Mutual Fund viz. Scheme Information Document (SID), Statement of Additional
Information (SAI) and Key Information Memorandum (KIM). Further, it may be noted
that Internet Protocol (IP) addresses, browser supplied information and site session
information may be recorded as part of the normal operations and for security monitoring
purposes.
Nevertheless, it is our foremost endeavor to ensure that the Investor’s Privacy
is protected at all points in time. The investors (whether existing/prospective)
must ensure to recheck the information or data being provided to the AMC or any
person acting on its behalf. Incase if any of the data/information is found to be
inaccurate or incorrect, the same shall be informed to the AMC for immediate amendment.
The AMC and any person acting on its behalf shall not be responsible for the authenticity
of the personal information or sensitive personal data or information supplied by
the investors (whether existing/prospective).
Our website may use cookies. By using our website and agreeing to these terms of
use, you consent to our use of cookies in accordance with the terms of our privacy
policy.
Investors shall not be covered by the terms of this Policy if they access other
websites using links from this website.
Further, despite our efforts to protect investors privacy, if unauthorized persons
breach security control measures and illegally use such sensitive/personal data
or information, the Mutual Fund, AMC, Trustee Company, Sponsors and its affiliates
and directors shall not be held responsible/liable.