Privacy Policy

We, at Karma Capital Advisors Private Limited, respect investors / customers / clients right to privacy.

We recognize 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 / clients / customers 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.

Interpretation

{ All references to the masculine shall include the feminine and all references, to the singular shall include the plural and vice-versa. All references to client / customer / investor whether masculine or feminine include references to non- individuals also unless repugnant to the context thereof;

( Any reference to any statute or statutory provision shall be construed as including a reference to any statutory modifications or re-enactment therein from time to time;

{ Headings are for ease of reference only.

The Policy

Karma Capital Advisors Private Limited. (“Karma Capital”), a Company incorporated under the Companies Act, 1956, is a SEBI registered Portfolio Manager under SEBI (Portfolio Managers) Regulations, 2020 and investment manager to Karma Capital India Fund, Category III Alternative Investment Fund registered with SEBI under SEBI (Alternative Investment Funds) Regulations, 2012.

Karma Capital either directly or through third party service providers engaged by the Karma Capital (Service Providers) collects, receives, possesses, stores, deals or handles information received from investors / client / customers whether existing or prospective.

Such information can be personal and sensitive in nature as per the indicative list given below:

{ Bank Account details;

( 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 Karma Capital / Service Providers to respond to your requests, to process the investment applications and to also ensure safe subscriptions / redemptions. Karma Capital may also call the investors to inform them with respect to various aspects of services offered by the Karma Capital. 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 thereunder, and guidelines and circular on Anti- Money Laundering issued by SEBI and SEBI (Portfolio Managers) Regulations, 2020 and SEBI (Alternative Investment Funds) Regulations, 2012 as amended till date.

The aforesaid information is the basis of our ability to provide investors / clients / customers 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 / customers / clients 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 customer information, to have access to aforesaid information. We would ensure to enter into suitable terms with third party service providers in order to protect client 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 / 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. We may also be required from time to time to disclose investors / customers / clients 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 / clients / customers to contact investors / clients / customers 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 Karma Capital & its affiliates and directors and / or to enforce legal rights or provisions of the Client Application form and / or Private Placement Memorandum of the various schemes launched under Karma Capital India Fund. 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 Customer’s Privacy is protected at all points in time. The customers / clients (whether existing / prospective) must ensure to recheck the information or data being provided to the Karma Capital 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 Karma Capital for immediate amendment. Karma Capital 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 customers / clients (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 / Customers / Clients shall not be covered by the terms of this Policy if they access other websites using links from this website (if any). 

Amendments / Modifications

This Privacy Policy available on our website is current and valid. However, Karma Capital reserves the right to amend/modify any of the sections of this policy at any time and the clients / customers / investors are requested to keep themselves updated for changes by reading the same from time to time.

Retention of information / data

We will keep the personal data we collect about you on our systems or with third parties for as long as required for the purposes set out above or even beyond the expiry of transactional or account based relationship with you: (a) as required to comply with any legal and regulatory obligations to which we are subject or (b) for establishment, exercise or defense of legal claims.

Grievance redressal

If investors / customers / clients have any concerns relating to their personal and sensitive information they may be addressed to shardul.singh@karmainvest.com.
Investors / clients / customers shall have expressly consented to the terms of this Policy if they enter and use this website or provide any information while transacting with us.