Disclaimer

1. Regulatory Status and Nature of Services

Pure White Investments Private Limited (“the Company” / “PWI”) is a private limited company incorporated under the Companies Act, 2013, with its registered office in Thane, Maharashtra, India.

The Company is engaged in the distribution of regulated financial products, including:

• Mutual Funds in India
• Portfolio Management Services (PMS)
• Alternative Investment Funds (AIFs)
• Specialized Investment Funds (SIFs)
• Retirement Products
• Corporate Fixed Deposits
• Insurance Products (via IRDAI-licensed directors)

PWI functions solely as a registered distributor and does not provide paid investment advice. It operates under applicable laws and regulatory frameworks as prescribed by:

• Securities and Exchange Board of India (SEBI)
• Association of Mutual Funds in India (AMFI)
• Association of Portfolio Managers in India (APMI)
• Insurance Regulatory and Development Authority of India (IRDAI)
• Other relevant authorities

2. Regulatory Disclosure and Incidental Advice

Pure White Investments Private Limited is not registered with SEBI as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013.

However, in accordance with Regulation 4(d) of the SEBI (IA) Regulations, PWI may provide incidental advice in its capacity as a distributor. This includes:

• Guidance on product suitability based on client’s risk profile, investment horizon, and/or financial goals
• Clarification of product features and categories
• Support in assessing options offered by SEBI-registered AMCs or Portfolio Managers

Such incidental advice is:

• Non-fee-based
• Product-specific
• Not intended to be a substitute for professional, personalized, or Holistic  financial planning

Investors seeking comprehensive advice on ALL ASSET CLASS should consult a SEBI-registered Investment Adviser (RIA).

3. Product-Specific Risk Disclaimers

Mutual Funds

Subject to market risks. Read SID, KIM, and SAI carefully. Past performance is not indicative of future results.

Portfolio Management Services (PMS)

Offered by SEBI-registered Portfolio Managers. PWI acts as a distributor. Review Disclosure Document and Agreements before investing.

Alternative Investment Funds (AIFs)

High-risk, long-term investments for sophisticated investors. Read the Private Placement Memorandum (PPM) and consult professionals before investing.

Specialized Investment Funds (SIFs)

Intended for eligible investors only. May involve non-traditional or concentrated strategies with increased risk.

Insurance

Distributed through IRDAI-licensed directors. Subject to insurer’s terms and conditions. PWI does not underwrite risk.

4. Execution only transactions

Investments made through the Pure White Investments Pvt. Ltd. (“PWI”) website , Mobile application or any other Platform without personalized interaction with Sales Person or concerned PWI Officer responsible to Deal with Investors investment discussion  shall be treated as execution-only transactions. where no advisory service is provided. By proceeding to invest, the client acknowledges that the investment decision is made solely at their own discretion and risk. We do not take responsibility for the suitability or outcome of such investments. Investors are advised to consult before making any investment decisions.

5. Types Of Mutual Fund Transactions

To assist investors in understanding common transaction modes, below are brief definitions of key mutual fund transaction types:

• Purchase: A purchase refers to the act of investing a lump sum amount into a mutual fund scheme.
• Redemption: The process of Withdrawing funds by selling mutual fund units.
• SIP (Systematic Investment Plan): A facility that enables regular, automated investments of a fixed amount into a chosen mutual fund scheme at defined intervals (e.g., monthly, quarterly etc).
• STP (Systematic Transfer Plan): A scheduled transfer of funds from one mutual fund scheme to another within the same fund house, helping investors manage risk and reallocate investments over time.
• SWP (Systematic Withdrawal Plan): A facility that allows investors to withdraw a fixed sum from their mutual fund investments periodically.
• Switch: A transaction that involves transferring investments from one mutual fund scheme to another within the same Asset Management Company (AMC), often used for portfolio rebalancing.

6. Transaction-Related Disclaimer

By proceeding with any mutual fund, PMS/AIF transactions, (including but not limited to purchase, redemption, switch, SIP/STP/ SWP, or any service request), the investor confirms that they have read, understood, and agreed to the contents of the following documents.

• Scheme Information Document (SID)
• Statement of Additional Information (SAI)
• Key Information Memorandum (KIM)
• Factsheets and other scheme-related documents as issued by the concerned AMC

The investor acknowledges and accepts the following:

6.1 Transaction Cut-off Timings & NAV Applicability

• All transactions are subject to SEBI/AMFI-prescribed cut-off timings. NAV applicability will be as per prevailing mutual fund regulations and may change from time to time.
• PWI is not responsible for NAV allotment as it is based on industry standards, the transaction time, and fund house processing.

6.2 Turnaround Time (TAT)

• The TAT for services such as folio creation, mandate registration, transaction processing, and confirmations will vary based on:
  • The nature of the request
  • AMC-specific operational timelines
• PWI does not guarantee real-time processing, as processing is handled by the respective AMCs/RTA.

6.3 Charges & Regulatory Costs

• All investments are subject to:
  • Entry Load (if applicable)
  • Exit Load
  • Stamp Duty
  • Other statutory or regulatory charges as defined by SEBI, AMFI, and the concerned AMC

Investors are expected to read & understand scheme related documents for the same.

6.4 KYC Compliance

• No transaction shall be processed unless the investor has a valid, compliant KYC status as per SEBI norms.
• PAN/Aadhaar and other documentation must be verified and compliant for successful execution of any transaction.
• However, if the transaction is rejected/not processed due to non-compliance of KYC by investor then, any financial risk shall not be borne by PWI.

6.5 Taxation and Liability

Tax Liability on Redemptions:

• Redemption/Switch/STP/SWP from mutual fund investments may attract capital gains tax, based on the holding period and the asset class (equity, debt, hybrid, etc.).
• For example, SWP withdrawals are treated as redemptions and taxed accordingly.
• Switch and STP transactions are treated as a redemption from the source scheme and a purchase in the target scheme, thus triggering tax liability at the time of transfer.
• ELSS/Solution-oriented schemes are not eligible for premature redemption due to Lock in period. Lock in will be from the date of each instalment.
• The investors are solely responsible for the tax implications arising from the investments. PWI shall not be liable for any tax consequences or filing obligations on behalf of the investor.
• Investors are advised to consult with their Chartered Accountant or Tax Advisor for accurate computation and compliance with applicable tax laws.
• Tax implications can differ based on individual income slabs, investment type, and prevailing tax rules, including TDS (Tax Deducted at Source) on certain categories.
• We do not provide tax advice, and the responsibility to compute and pay appropriate taxes lies solely with the investor.

  6.6 Applicability of Disclaimer

• This disclaimer is a comprehensive and full disclaimer that applies to:
  • All types of mutual fund transactions (lump sum, SIP, STP, SWP, switch, redemption, etc.) /Other investments.
  • All modes of transactions (offline, online, email-based, or app-based)
  • All future transactions, including across different time periods, folios, or schemes (e.g., purchases made in May and switches in October)
• No separate disclaimer will be issued for each transaction unless a material regulatory change mandates it.

By initiating or approving any transaction through PWI, the investor agrees to be bound by the above disclaimer in its entirety.

7. General Risk Disclaimer

All financial products carry risk, including potential loss of capital. Market fluctuations, economic changes, or policy actions may impact returns. Past performance is no guarantee of future results. Investors are encouraged to do due diligence and consult licensed professionals before investing.

8. Website Content and Educational Tools

This website hosts blogs, calculators, articles, videos, and tools strictly for educational and illustrative purposes.

These do not constitute investment advice, legal advice, or solicitation to invest in any product. Use of the website does not create a fiduciary or adviser relationship between the user and the Company.

9. Third-Party Tools & Calculators

Any financial calculators, comparison tools, or third-party content on the website are:

• Indicative only
• Based on limited inputs and assumptions
• Not guarantees, and not intended as investment recommendations

Users are advised to make independent evaluations and verify any output before acting on it.

10. Data Privacy and Security

PWI ensures industry-grade data security and investor protection standards, including:

• SSL encryption (256-bit)
• OTP-based two-factor authentication
• Secure AWS hosting for software (subject to change any point of time)
• Access controls for sensitive investor data

Use of this website implies acceptance of our Privacy Policy, and permission to process personal data in accordance with it.

11. Responsibility and Limitation of Liability

Incidental advice or assistance provided by PWI is offered in good faith based on information disclosed by the investor.

While reasonable care is taken, PWI:

• Shall not be liable for market-related losses or changes in investor risk profile or goals
• Does not offer any return guarantees
• Will be held accountable only where there is misrepresentation, regulatory non-compliance, or breach of fiduciary duty

This clause complies with SEBI’s recent directive disallowing blanket indemnity or unfair limitation of liability clauses in distributor-client agreements.

12. Use of “LAHER” Brand and Mobile Application

The LAHER brand and mobile application, used by investors to access dashboards, transaction links, and investment information, is a registered trademark owned by Mr. Laherchand Gogri, Founder Director of Pure White Investments Pvt. Ltd., in his personal capacity.

Pure White Investments Pvt. Ltd. uses the LAHER brand and mobile application under a formal arrangement involving royalty/license fees paid to Mr. Gogri.

PWI remains solely responsible for:

• Regulatory compliance for all investment activities within the app
• Data protection and technical backend
• Investor grievance handling and communication

Use of the LAHER app constitutes acceptance of the same disclosures, terms, and liabilities mentioned herein.

13. Grievance Redressal and Regulatory Escalation

Clients can contact us:

level 0- Grievance tab from our website