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These Terms and Conditions of Empanelment as a Distributor of Axis Mutual Fund (including statements made/ information provided) are a binding contract between yourself and Axis Asset Management Company Limited ('AAMCL') for your appointment as a distributor of schemes of Axis Mutual Fund managed by AAMCL and of other products/ services that may be offered by AAMCL from time to time. Please read these Terms and Conditions carefully. By signing these Terms and Conditions you acknowledge that you have read, understood and agree to be legally bound by them.
DISTRIBUTOR and AAMCL are hereinafter collectively referred to as “Parties” and individually as “Party” (which expression shall unless repugnant to the context and meaning thereof be deemed to mean and include its successors, and assigns).
AAMCL has been appointed to act as the investment manager of Axis Mutual Fund (hereinafter referred to as “the Fund”), a mutual fund registered with the Securities Exchange Board of India, by way of an investment management agreement dated June 27, 2009 (“Investment Management Agreement”).
The Distributor, in order to enhance its business activities, has approached AAMCL with a request to empanel it to market / distribute units of Mutual Funds Scheme managed by AAMCL, and other product/ services that may be offered by AAMCL from time to time, through its branch network and the same has been accepted and agreed to by AAMCL subject to the terms and conditions agreed by and between the Distributor & AAMCL. The Distributor agrees to abide by these terms and conditions and the modifications thereto, from time to time.
AND WHEREAS, with effect from the effective date mentioned and on and subject to the terms and conditions mentioned in this document, AAMCL has agreed to empanel the Distributor for procuring subscriptions for various schemes launched by the Fund from time to time (hereinafter referred to as “the Business”).
NOW THIS TERMS AND CONDITIONS WITNESSETH AS FOLLOWS: