Terms & Conditions

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The transactions executed on the Trading and Mobile Platform of Mirae Asset Capital Markets (India) Private Limited (“MACM”) will be completed only after successful transfer of money from Client registered bank account to the Client Bank account of MACM . Please note that As per Exchange Settlement schedule , the stock purchased will be credited to client demat account within one day from date of settlement . You hereby agree and acknowledge that the transactions on the Platform once completed /traded cannot be cancelled by You. In case of successful transfer of money from Your Bank account and there are no transactions done or executed by you , the money would be refunded to Your registered bank account based on your withdrawal request or as per settlement cycle selected by you at time of opening of account with MACM whichever is earliest.

Please note that this Refund policy is designed based on MACM current Operational Procedures. It may be changed from time to time

I/We wish to avail of the MCP Interface (MCP Tool) from Mirae Asset Capital Markets (India) Private Limited (“MACM”) pertaining to availing the facility of MACM that assists in enabling clients to integrate any MCP/AI based Tools of their choice and requirement with the MACM trading platform whether vide MACMs APP/website or any other platform of online trading. This includes the assistance to integrate my access to MACM platform with any other third party platform/tool etc for customizing my personal trading and investment requirements/ experience with my own absolute discretion and free will having no liability whatsoever attached to MACM. I hereby fully understand and agree to be bound by and abide by the following understanding and Terms and Conditions:

1. The MACM Model Context Protocol (MCP) is a communication standard that lets AI assistants securely access real-time data from your MACM account. Instead of relying only on general internet knowledge, these assistants can now interact with your actual portfolio and market data.
2. MCP assists in
   a. Tailored portfolio insights - get personalized analysis and feedback based on your specific investments,
   b. Smart interactions - Ask for specific details and get accurate responses
   c. Easy conversations - Talk about complex financial topics in plain language
3. I/We shall be required to provide information/details/documents/records (physical or electronic) relating to any such actions of mine including but not limited to trading or incidental thereof within the prescribed time to MACM.
4. I/We am/are aware of the risks associated with the market and the financial instruments being traded on stock exchanges. I am responsible for complying with laws, rules, regulations, notifications, etc. issued by regulatory authorities as may be applicable from time to time. I shall place reliance on and /or use the said MCP/AI Tools at my own risk and consequences. I declare that all my trading decisions taken on the basis of such tools are my own responsibility.
5. I/We have read and understood the details and explanations provided for this facility by MACM. I am also aware of the list of tables where this MCP/facility have access to in my trading application.
6. The aide provided by MACM under this facility is meant only to be used for customising/enhancing my own personal trading and investment experience/requirements. Development of trading platforms are bound by various norms and regulations stipulated by SEBI and Exchanges. I may be required to discontinue my usage of the MACM interface if so required by MACM / regulators, without any reason assigned therefor.
7. I/We will only access (or attempt to access) any such tools by the means described in the documentation of such tools read with MACM instructions on their platform/app or as instructed by MACM at any time. Any circumvention of the instructions may result in the termination of your ability to integrate such tools with your accesses as a client of MACM , forthwith.
8. I/We am/are aware that authentication technologies and strict security measures are required for routing orders through any such facility and undertake to ensure that my password as a client and/or his representative are not revealed to any third party. In any event any leakage of any of my passwords/data leading to any consequences are solely my responsibility and I hereby confirm I understand that MACM is in no way related or connected to such issues of data leakage/hacking/breach etc.
9. MACM may set limit on my use of the said facility (for instance, limiting the number of requests sent to a particular AI tool etc) manually or via automated checks. Further I understand that all my trading related activities continue to be governed by the terms and conditions accepted by me at time of opening my demat/trading account with MACM and the RMS policy of MACM will at all times continue to be applicable to all my trades. The Threshold Order Per Second (TOPS) not exceeding 10 orders per second in accordance with regulatory requirement will be applied to all my orders irrespective of which mode /platform is used.
10. I am aware that if I am using AI tool, I will need to be sure that such modes are allowed by SEBI and exchanges / regulators. I understand that the AI tool needs to be integrated with the interface of the trading member, and any disputes that arise between myself and the AI tool provider will not be the obligation of the trading member in any way whatsoever.
11. The AI based tools are non-exclusive and by using the AI/MCP Tools, I agree that MACM may monitor, track, and record all interactions and requests happening via said route.
12. I/We declare that I am the end user of the data so received from MACM through connectivity to any such MCP/AI tools with MACM's software.
13. I/We shall not provide access of Data through the AI/MCP Tools or access of the tool itself to any other person and /or share such Data / access with any other person. I understand that I am being permitted access to this facility solely for my trading convenience and use and enabling or facilitating use by any other person, without prior written consent from MACM, shall be treated as 'unauthorized transmission' and I shall be liable to necessary action, including payment of damages to MACM, as may arise.
14. MACM, its affiliates/parent company the directors, managers, officers, vendors, employees or agents of MACM or the Exchange shall not be liable or responsible for non-execution of the orders of the client placed using the such above mentioned tools integration facility due to any link/system failure at the client/ Broker/ exchange(s) end. Any technical glitch that arises/occurs at the end of any such AI Tool provider shall be solely my responsibility and MACM shall not in any manner be either responsible to report to me or anyone such technical glitches nor will MACM be responsible directly or indirectly for any losses/liabilities/issues arising from any technical or other glitch at the AI Service provider end or at my end.
15. The AI response and account access times may vary/be unpredictable or erroneous due to a variety of factors, including but not limited to trading volumes, market conditions, system performance, technical and other factors. Market volatility, volume and system availability may delay technical delay, account access and trade executions etc.
16. The uptime and availability of such facility may be affected by technical or other factors within or outside of MACM's control, or unforeseen circumstances or natural disasters. MACM will not be responsible for lost profits, revenues, or data; financial losses; or indirect, special, consequential, exemplary, or punitive damages. To the extent permitted by law, MACM excludes all warranties and guarantees.
17. I/We undertake responsibility for any losses, costs or liabilities required to be incurred by MACM on account of my misuse of the said AI/MCP based tools or any violation of the Terms and Conditions contained herein or any content / data routed into or used by me.
18. I/We acknowledge that all orders placed by me through the said facility would be validated by the risk management system of MACM. MACM has the right to accept or reject any order placed by the client at its sole discretion.
19. I/We undertake to ensure that the AI/MCP tools are not used for any manipulative or unfair trading practices or for the intent of making gains / avoiding losses by practices that result in market abuse or which cause detriment to the interest of other investors in the market. I undertake to trade honestly without disrupting the integrity of the market.
20. I/We shall not use of such facility to engage in any form of market misconduct including insider trading and market manipulation or conduct that is otherwise in breach of applicable laws, rules and regulation.
21. In particular, MACM shall not be liable for any non-performance including but not limited to delays, interruptions, inaccuracies, errors or omissions in transmission through the MCP tool, arising due to any kind of event, including but not limited to technical glitches, power failures, mechanical / electrical / telephone / other transmission break-downs, network downtimes, malfunction of any computer and/ or data transmission or receiving apparatus and/ or auxiliary equipment, and Force Majeure events (which means and includes wars, insurrections, revolution, fires, floods, epidemic/pandemics, quarantine restrictions, declared general strikes in relevant industries, act of God, act of the Government of India and any concerned State Government and such other acts or events beyond the control of MACM within or outside India).
22. The client shall be solely responsible for all acts or omissions of any person using such facility mentioned herein above and shall be bound to accept and settle all transactions executed through the facility provided by MACM notwithstanding that such order(s) may have been submitted erroneously or by an unauthorized user, or that its data is inaccurate or incomplete when submitted, or the client subsequently determines for whatever reason that the order should not have been submitted. MACM decision on this is final and non-challengeable.
23. MACM may, at its discretion, terminate, suspend, discontinue, halt or interrupt, wholly or partially, temporarily or permanently, the provision of this facility, envisaged under these terms and conditions, without any intimation to me or my prior consent and without assigning any reasons therefor and I may have to revert to the traditional means of order placement or other Internet Based Trading avenues offered by MACM.
24. MACM shall have the right to withdraw the facility in case of:-
    a. Breach of the limits imposed by the broker or any regulatory authority.
    b. On account of any misuse of the said facility by the client or on instructions from SEBI/Exchanges.
    c. Any other reason, at the discretion of the broker
    d. MACM shall not be liable to give reasonable notice to the client in such instances.
25. I am aware that I will have no recourse against MACMor the Exchange Grievance Redressal Mechanism for any failure /error of any output ,as well as losses arising on account of use of usage of any recommendations/advise/output etc of any AI based tools.
26. In case of any issue with usage of such third-party service providers/ AI based tools or platforms due to technical glitches /server outages leading to any resultant loss to me/us, I/we understand that MACM/affiliates/group will not be liable or responsible in any way.
27. I/We am/are fully aware of the risks of transmitting orders to MACM's MCP/ vendor systems or service providers and the Broker is not responsible for such risks.
28. The client shall notify MACM in the event of any AI tool based facility being compromised. Upon receipt of this notice, client's login access facility shall be promptly disabled but the client shall continue to be responsible for any misuse of the facility or any orders placed through the MCP Interface facility as a result of the compromise of the facility at their end. MACM shall not be liable for any loss, liability or cost whatsoever arising as a result of any unauthorized use of such MCP/AI tool-based facility at the client's end.
29. In case of any recourse and/or communications with or from any third-party service providers/ AI based tools or platforms, I understand that I have to liaise directly with such third-party service providers/algo trading providers/ AI based tools or platforms.
30. In case of any sudden discontinuation of services from any third-party service providers / AI based tools or platforms I/we understand that MACM/affiliates/Group will not be liable/responsible.
31. I/We shall be responsible for ensuring that, only persons authorized by me shall access and use the said MCP Interface which are integrated with the interface provided by the MACM. All orders originating from such facility / system shall be deemed to be authorized by the client.
32. I hereby agree that court of Mumbai shall have the exclusive jurisdiction to resolve any dispute arising from anything relating to these terms and conditions between me and MACM.
33. I/We am aware that in the event of winding-up or insolvency or otherwise becoming incapable of settling my obligation, MACM may close out the transaction of the client as permissible under byelaws, rules, regulations of the exchanges. I/We shall continue to be liable for any losses, costs, damages arising thereof.
34. The customer confirms that by using the AI tools /API services the customer establishes a contractual relationship with the AI tool based service provide and becomes by his own choice a client of the AI tool service provider and any matter / issue/problem that occurs while using the product and services of said service provider(s) shall be a matter of dispute/understanding strictly between the Customer and his Service provider MACM shall have no obligation or liability for any such dispute/ glitch/ problem etc whatsoever.
35. I/We hereby confirms that he/she understands that in no way represents or endorses the Service Provider. MACM /affiliates/group entities can provide/add/modify/delete/de-activate/block/able/dis-able any service facility or execution mechanism at its sole discretion without any intimation to me or my prior consent and without assigning any reasons therefor.
36. This document shall not be altered, amended and /or modified by the parties in a manner that shall be in contravention of any other provisions of this document. Any additional terms and conditions should not be in contravention with rules/regulations/byelaws/circulars of the relevant authorities including applicable stock exchanges as amended from time to time.