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Investment Advisory Services Agreement

Glide Tech Investment Advisory Private Limited, (hereinafter also referred to as the “INVESTMENT ADVISOR” or GTIAPL), is a Registered Investment Advisor (RIA) with SEBI Registration No. INA000014793 and offers Investment Advisory services to Investors (hereinafter also referred to as the “CLIENT” shall unless it be repugnant to the context or be deemed to mean and include, its administrators & permitted assigns) who register through their website (and its subdomains), and/or its mobile applications called “Glide Invest” (henceforth referred to as “Platform”).

Both INVESTMENT ADVISOR and the CLIENT shall hereinafter be individually referred to as Party & collectively as Parties.

Whereas the CLIENT is desirous of availing the advisory services in respect of the analysis of the investment portfolio from the Investment Advisor on the terms & conditions as described hereinafter.

    • In accordance with the applicable laws, client hereby appoints, entirely at his / her / its risk, the Investment Adviser to provide the required services in accordance with the terms and conditions of the agreement as mandated under Regulation19(1)(d) of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
    • I / We have read and understood the terms and conditions of Investment Advisory services provided by the Investment Adviser along with the fee structure and mechanism for charging and payment of fee.
    • In addition to the terms and conditions mentioned herein, I have also read and understood the Terms of Service, Privacy Policy, Grievance Redressal Policy, and other relevant policy as applicable for using “Glide Invest” website/application and shall abide by the same.
    • Based on our request to the Investment Adviser, an opportunity was provided by the Investment Adviser to ask questions and interact with ‘person(s) associated with the investment advice.
    • In case, I/We breach any of the terms and conditions I/We shall be solely responsible for the consequences arising out of the same.
    • GTIAPL has not compelled me/us to avail any/all execution/distribution/ Implementation services through them.
    • All decisions/Implementation relating to act on the investment advice of GTIAPL shall be made solely by me/us.
    • I/We hereby declare that all information provided by me/us to GTIAPL for doing the risk profiling and availing the Services are accurate, factually correct and up to date and I shall be solely responsible for any liabilities arising due to wrongful representation of information, and GTIAPL shall not be liable for any consequential loss or damage caused to me/us.
    • I/We understand and agree that investing in securities/investment products recommended by GTIAPL is subject to market risk and other risks and I/We hereby declare that I/We will not hold GTIAPL and or its Group Companies/ Directors/ Employees responsible/liable for any loss or damage arising to me/us pursuant to acting on such recommendations.
    • Investment Adviser shall neither render any investment advice nor charge any fee until the client has signed this agreement.
    • Investment Adviser shall not manage funds and securities on behalf of the client and that it shall only receive such sums of monies from the client as are necessary to discharge the client’s liability towards fees owed to the Investment Adviser.
    • Investment Adviser shall not, in the course of performing its services to the client, hold out any investment advice implying any assured returns or minimum returns or target return or percentage accuracy or service provision till achievement of target returns or any other nomenclature that gives the impression to the client that the investment advice is risk-free and/or not susceptible to market risks and or that it can generate returns with any level of assurance.
    • Glide Invest is also involved in other activities like dealing in various products including mutual funds, fixed deposits, bonds, etc through its non-advisory division. Investment Adviser shall maintain arms-length relationship between its activities as an Investment Advisory and other activities provided by the Platform.
    • Regulation 15 A of the amended IA Regulations provide that Investment Advisers shall be entitled to charge fees from a client in the manner as specified by SEBI, accordingly Investment Advisers shall charge fees from the clients in either of the two modes:
      • Assets under Advice (AUA) mode
        • The maximum fees that may be charged under this mode shall not exceed 2.5 percent of
          AUA per annum per client across all services offered by IA.
        • IA shall be required to demonstrate AUA with supporting documents like demat
          statements, unit statements etc. of the client.
        • Any portion of AUA held by the client under any pre-existing distribution arrangement
          with any entity shall be deducted from AUA for the purpose of charging fee by the IA.
        • In case of change of asset under advisory, the client will be charged advisory fee on
          the updated asset under advisory.
      • Fixed fee mode
      • The maximum fees that may be charged under this mode shall not exceed INR 1,25,000 per
        annum per client across all services offered by IA.

    • General conditions under both modes
      • In case “family of client” is reckoned as a single client, the fee as referred above shall be
        charged per “family of client”.
      • IA shall charge fees from a client under any one mode i.e. (A) or (B) on an annual basis.
        The change of mode shall be effected only after 12 months of on boarding/last change of
      • If agreed by the client, IA may charge fees in advance. However, such advance shall not
        exceed fees for 2 quarters.
      • In the event of pre-mature termination of the IA services in terms of agreement, the client
        shall be refunded the fees for unexpired period. However, IA may retain a maximum
        breakage fee of not greater than one quarter fee.
    • Details of Fees to be charged are following:
      • As an introductory offer, Investment Advisor shall charge a fee from its clients, as per SEBI circular NO SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020, or such other circulars issued from time to time by SEBI.
      • All advisory based services, which include the goal and portfolio planning and implementation services, shall be provided at an introductory price of Rs 199/- (Rupees One hundred and ninety nine only) per month including taxes.
      • Fees will be charged on a quarterly basis in advance. The date of membership will be the date on which the client executes the Investment Advisory Agreement or the previous Membership date, as applicable.
      • The Fees shall be paid upfront via the mandate setup by the customer. No payments will be accepted via cash, debit card, credit card or any other financial instruments. Failure to make payments will result in suspension of SIP based investments for the advisory products, and support via phone with investment advisors.
      • Membership plan will be automatically renewed and charged consecutively for such terms as chosen by you, on the same date your Membership started until you cancel the Membership plan, and you authorise us to collect the membership fee for the next membership terms.
      • Membership fee shall not be transferable and refundable.
      • All payments should be made in accordance with the applicable guidelines issued by RBI, NPCI, SEBI, or any other regulatory body. Fees shall be made through the client's own Bank account or a holder of such Bank Account.
      • Taxes shall be charged as applicable from time to time.
      • Clients can manage/cancel their membership by visiting the Profile section on the Portal (app/webapp)
      • Membership cancellation requests have to be submitted at least three business days prior to the next renewal date.
      • Invoice shall be issued digitally, on the registered email id only.
      • Investment Advisor reserves the right to waive any Membership Fees, or revise the Membership fee for their service for new Clients at its sole discretion. In case of existing Clients, Membership fees will only be changed by giving reasonable notice to the client and taking their explicit approval. Client may choose to discontinue services at the end of the membership period if they do not agree with the revised fee.
    • The payment of fees shall be through any mode which shows traceability of funds. Such modes may include account payee crossed cheque/ Demand Drafts or by way of direct credit to the bank accounts through NEFT/ RTGS/ IMPS/ UPI or any other mode specified by SEBI from time to time. However, the fees shall not be in cash or by credit card.
    • Investment Advisor shall receive all considerations by way of remuneration or compensation or in any other form from the client only and not from any person other than the client being advised, in respect of the underlying securities or investment products for which the advice is or to be provided.
    • Investment Advisor will provide the following services to the Client:
      • Assist in articulating the goals and objectives of the Client and/or his/her immediate family (in case of family accounts)
      • Assist in assessing the risk profile and risk tolerance of the Client
      • Develop and provide recommendations based on goals & risk profile and assist in implementing these recommendations through goals, smart portfolios and custom portfolios through the Platform
      • Aggregate and analyse Client’s investments by providing an integrated view of their entire portfolio as per provided Consolidated Account Statement (CAS)
      • Provide advice with respect to the investment in mutual funds, insurance, fixed deposits, and other financial assets, as requested by the Client.
      • Provide advice and recommendations in any other areas of financial planning in which Advisor or Client identifies a need
    • Investment Advisor shall provide Investment Advisory Services to the Client during the term of this Agreement on investment in financial/investment products under all regulated authorities as is permitted under applicable laws and regulations governing Investment Advisor & the financial industry.
    • Investment Advisor shall act in a fiduciary capacity as one of the advisors to the Client with respect to managing its investment-related portfolio holistically & will be providing all back end supporting services. Investment Advisor shall act in a bonafide manner for the benefit and in the interest of the Client.
    • Investment Advisor shall offer non-exclusive, non-binding, non-recourse advice for investment in Securities and other financial products on the terms and conditions as mentioned-herein. This would include detailed risk profiling, goal planning, and/or recommendation of an investment plan. The final decision on the type of instruments; the proportion of exposure and tenure of the investments shall be taken by the Client at its discretion.
    • As part of the services, Investment Advisor offers free transaction execution and tracking facilities through the Glide Invest platform. Investment Advisor does not make it binding on you to avail Investment Advisory Services to avail of the transaction execution facilities through the Platform and that you have the option to use the Platform only for Investment Advisory Services.
    • Pursuant to the SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013 guidelines with respect to Risk Profiling and Suitability Assessment, Investment Advisor shall conduct proper risk profiling and risk assessment for each of the clients. As per risk analysis, risk capacity, risk aversion & client requirement, the Investment Advisor needs to ensure that correct product/service as per client risk tolerance capacity is being offered and/or recommended, which is suitable for client.
    • Investment Advisor shall provide its Investment Advisory services to the client, which it feels is suitable to the client, after obtaining and analyzing all the required information as is necessary from the client Including Risk profile and Product Suitability and post completion of all KYC (Know Your client) and payment formalities. Such investment advise may or may not be in the nature of buying, selling or holding with respect to existing or new securities/investments products.
    • The algorithm/software offered by the Platform shall analyze your Investment Portfolios and/or recommend an Advisory Plan based on the information entered by you after the completion of the risk profile questionnaire. The analysis and/or recommendations provided by the Investment Advisory through the Platform will be in accordance with your investment objective and risk profiling. Nothing contained hereunder in this Agreement shall bind, or require you to rely on, or act on the contents of the recommendations.
    • Investment Advisor shall be in compliance with the SEBI (Investment Advisers) Regulations, 2013 and its amendments, rules, circulars and notifications.
    • Investment Advisor shall be in compliance with the eligibility criteria as specified under the IA Regulations at all times. Investment Advisor shall provide reports to clients on potential and current investments if requested.
    • Investment Advisor shall maintain client-wise KYC, advice, risk assessment, analysis reports of investment advice and suitability, terms and conditions document, rationale of advice, related books of accounts and a register containing list of clients along with dated investment advice in compliance with the SEBI (Investment Advisers) Regulations, 2013.
    • Investment Advisor shall get annual compliance audit conducted as per the SEBI (Investment Advisers) Regulations, 2013.
    • Client's relationship with Investment Advisor for rendering of the investment advisory services herein shall be subject, at all times, to the applicable laws. Investment Advisor may take or refrain from taking any action, as the case may be, and client shall do all things required by the Investment Advisor, to ensure compliance with applicable laws.
    • Investment Advisor undertakes to abide by the Code of Conduct as specified in the Third Schedule of the SEBI (Investment Advisers) Regulations, 2013. Investment Advisor shall not receive any consideration in any form, if the client desires to avail the services of intermediary recommended by Investment Advisor.
    • Investment Advisor is not into the business of tax planning and its management. Investment Advisor to the best of its abilities, may assist the client to familiarize it with the basic tax related understanding at the request of the client without owning any liability in this regard. Such services shall be purely for assistance and for no other purpose.
    • Client will read all Offer Documents including the Scheme Information Document (SID), Key Information Memorandum (KIM) and Addendum for all the mutual fund schemes, including level of risk depicted by riskometer, that client invest in prior to investing.
    • Client shall provide true, accurate and adequate information as requested on the Glide Invest app/website. Client will notify the Investment Adviser promptly of any material change to the information provided by the Client to the Investment Adviser, including any change related to personal information. The Client understands and accepts that failure to do so may adversely affect the quality of the advice or recommendations.
    • Client will consider their specific investment requirements before choosing a fund or a goal-based portfolio.
    • Client will ensure that payments for any transactions are made through their own bank account number; no third party account will be used for payments and that any investments made are from legitimate sources.
    • Client shall not transmit or upload programs or materials on the Glide Invest app/website that contain malicious code, such as viruses, trojan horses, spyware, or other potentially harmful programs or other material or information.
    • Client hereby agrees and acknowledges that any advice provided to the Client pursuant to this Agreement, is exclusively for Client’s knowledge and use, subject to the extent otherwise permitted herein.
    • Client shall not disclose any advice provided by the Investment Advisory to him/her to any third party. Investment Advisor shall not be responsible for any losses that may be suffered by the client or such party as a result of the disclosure of such advice by the client.
    • The Client understands that the dependent family members shall be those members whose assets on which investment advisory is sought/provided, originate from income of a single entity i.e. earning individual client in the family. The Family of Client (wherever applicable) will be reckoned as single client. The Client agrees to provide declaration of independent family member to us at
    • The Client hereby agrees and acknowledges that the decisions of the Client, notwithstanding the Advisory Services rendered by the provider, and action or omission for financial plans and investment to buy, sell, hold or otherwise deal in the investment securities shall be based on Client’s own independent evaluation of the risks and rewards of the investments and Client’s own verification of all the relevant facts, including financial and other circumstances and a proper evaluation thereof.
    • Client will seek independent tax, accounting, legal and financial planning advice before making any investment transactions.
    • Client will raise queries, if any, by emailing the customer support team at
    • Investment Advisor would provide investment advice with respect to investment in equity, mutual funds, insurance, commodities and other financial assets, as needed.
    • Investment Advisor undertakes to recommend direct implementation of advice i.e. through direct schemes/ direct codes, and other client specifications / restrictions on investments, if any.
    • Investment Advisor shall provide investment advice and/or recommendations based on the risk profiling conducted for the client, total budgeted investment amount of the client and time period for deployment as informed by the client.
    • Investment Advisor shall communicate the tax related aspects pertaining to investment advice and/or recommendations as applicable on the investment adviser’s fee, if any.
    • Investments in securities are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved;
    • Past performance of the investment adviser does not indicate its future performance.
    • The performance of the investments/products may be affected by changes in Government policies, general levels of interest rates and risks associated with trading volumes, liquidity and settlement systems in equity and debt markets.
    • Investments in the products which the Clients have opted are subject to wide range of risks which inter alia also include but not limited to economic slowdown, volatility & illiquidity of the stocks, poor corporate performance, economic policies, changes of Government and its policies, acts of God, acts of war, civil disturbance, sovereign action and /or such other acts/ circumstance beyond the control of Investment Advisor or any of its Associates.
    • The names of the products/nature of investments do not in any manner indicate their prospects or returns. The performance in the equity may be adversely affected by the performance of individual companies, changes in the market place and industry specific and macro-economic factors.
    • Investments in debt instruments and other fixed income securities are subject to default risk, liquidity risk and interest rate risk. Interest rate risk results from changes in demand and supply for money and other macroeconomic factors and creates price changes in the value of the debt instruments.
    • The validity of this agreement starts from the date of signing and will continue to be in force till any of the parties terminate it by giving 1 months’ notice period.
    • The Investment Adviser and the client shall be entitled to make amendments to this agreement after mutual agreement. This Agreement may be amended or revised only by an instrument endorsed by the Client and by Investment Advisor.
    • This Agreement may be terminated under the following circumstances, namely-
    • In case of a voluntary termination of the agreement, the client would be required to give a 30 days prior written notice while the Investment Adviser would be required to give a 30 days prior written notice.
    • In case of suspension of the certificate of registration of the IA, the client may terminate the agreement.
    • In case of breach of any condition by Client, the Investment Advisor reserve the right to terminate the agreement without any prior notice.
    • Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the case may be;
    • In case the clients are not satisfied with the services being provided by the investment adviser and want to terminate/ stop Investment Advisory services or the investor adviser is unable to provide Investment Advisory services, either party shall have a right to terminate Investment Advisory relationship at any time subject to refund of advisory fee after deducting one quarters fee as breakage fee in case termination is initiated by the clients and refund of the proportionate advisory fee in case termination is initiated by Investment Adviser.
    • The Investment Advisor would provide transition support, if requested, to the client in the event of termination.
    • Investment Adviser is carrying on its activities independently, at an arms-length basis from all other activities
    • Investment Advisor does not have any conflict of interest of the investment advisory activities with its relationship with related parties, such conflict of interest shall be disclosed to the client as and when they arise.
    • Investment Adviser maintains an arms-length relationship between its activities as an investment adviser and other activities and shall ensure that this arm’s length relationship would be maintained throughout the tenure of advisory service
    • Investment Adviser shall not provide any distribution services, for securities and investment products, either directly or through their group to an advisory client.
    • Investment Adviser shall not provide investment advisory services, for securities and investment products, either directly or through their group to the distribution client;
    • Investment Advisor shall ensure that it will take all consents and permissions from the client prior to undertaking any actions in relation to the securities or investment product advised by the investment adviser.
    • The Parties agree that the relationship arrangement enshrined under this Agreement is based on non-exclusive basis and the Client is free to obtain any legal, accounting, and any other financial services from any professional source to supplement and to implement the recommendations and advices of the Investment Adviser and the Client will retain absolute discretion over all investment and implementation decisions. The relationship between Client and Investment Adviser shall be on a principal-to-principal basis. The Client hereby acknowledges that it shall have no right whatsoever to bind or act on behalf of the Investment Adviser. Parties agree that the Investment Adviser is an independent contractor and not, under or by virtue of the provisions of this Agreement, a partner, joint venture or employee of the Client. The Investment Adviser is not an agent of the Client unless and to the extent expressly provided for in this Agreement.
    • The Investment Adviser shall not seek any power of attorney or authorizations from its clients for implementation of investment advice.
    • Investment Advisor does not have any conflict of interest of the investment advisory activities, such conflict of interest shall be disclosed to the client as and when they arise.
    • Investment adviser shall not derive any direct or indirect benefit out of the client’s securities/investment products.
    • Investment Advisor shall be responsible for maintenance of client accounts and data as mandated under the SEBI (Investment Advisers) Regulations, 2013.
    • Investment Advisor shall not divulge any confidential information about its client, which has come to its knowledge, without taking prior permission of its client, except where such disclosures are required to be made in compliance with any law for the time being in force.
    • All information collected under this arrangement shall be dealt with according to the Privacy Policy, which explains how Glide Invest Collect, Use, Process and Disclose information provided by the Client or collected by Glide Invest on their platform.
    • Any information shall not be considered “Confidential Information” to the extent, but only to the extent, that such information: (a) was already known to the Receiving Party free of any restriction at the time it is obtained from the Disclosing Party; (b) is subsequently learned from an independent third party free of any restrictions and without breach of this Agreement or any other agreements; (c) is or becomes publicly available through no wrongful act of the Receiving Party; or (d) is independently developed by the Receiving Party without reference to any Confidential Information.
    • The Receiving Party may disclose Confidential Information of the Disclosing Party if required to do so under any applicable law, rule or order, provided that the Receiving Party, where reasonably practicable and to the extent legally permissible, provides the Disclosing Party with prior written notice of the required disclosure so that the Disclosing Party may seek a protective order or other appropriate remedy , and provided further that the Receiving Party discloses no more Confidential Information of the disclosing Party than is reasonably necessary in order to respond to the required disclosure. Each Party may retain copies of the Confidential Information, as applicable, to the extent required to comply with applicable legal and regulatory requirements. Such Confidential Information, as applicable, will remain subject to the terms and conditions herein.
    • Investment Adviser shall not incur any liability by reason of any loss, which a client may suffer by reason of any depletion in the value of the assets under advice, which may result by reason of fluctuation in asset value, or by reason of non-performance or under-performance of the securities/funds or any other market conditions. The Investment Adviser will not be liable to the Client for any error of judgement or loss suffered by the Client in connection with the Advisory Services provided to the Client by the Investment Adviser.
    • All decisions in relation to investments are based on the Client’s own evaluation of the Client’s financial circumstances and investment objectives. Any decision, action or omission to buy, sell or hold Investments shall be based solely on the Client’s own verification and a proper evaluation of all the relevant facts, financials and other circumstances and neither the Investment Adviser nor any of the Investment Adviser’s employees, officers, directors, personnel, agents or representatives shall be responsible or held liable for the same for any reason whatsoever.
    • The Client agrees to indemnify and hold harmless the Investment Adviser and its directors, principal officers, employees and duly appointed agents and representatives from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever arising out or in relation or in connection with, breach of any terms of this Agreement by the Client (including breach of representations and obligations as specified herein), non-compliance of any applicable law of India; furnishing/providing any untrue and false data and information, records or document to Investment Adviser as may be required for the purposes of Advisory Services or this Agreement; and/or any act or omission of gross negligence, fraud and wilful default by the Client.
    • Investment Advisor is registered with SEBI as Investment Advisor with Registration No. INA000014793. The investment adviser got its registration on July 09, 2020 and is engaged in advisory services as approved under SEBI (Investment Advisers) Regulations, 2013.
    • Investment Adviser shall ensure that the adviser, principal officer and persons associated with the investment advice, have the requisite qualification and certification as per the regulation and maintains the qualification and certification throughout the validity of advisory service.
    • Investment Adviser shall ensure to have all applicable approvals and consents (from regulatory / statutory bodies, third party consents, corporate approvals etc.) and that the approvals and consents remains valid throughout the advisory service.
    • The death or incapacity of the Client shall not terminate the authority of Investment Adviser granted herein until Investment Adviser receives actual notice of such death or incapacity. Upon such notice client’s executor, guardian, successor, nominee, attorney-in-fact or other authorized representative must engage Investment Adviser in order to continue to service client’s accounts.
    • All acts performed by the Investment Adviser prior to receiving written notice of the Client’s death, shall be valid and binding upon the Client and the Client’s successors in title.
    • No suit, prosecution or other legal proceeding shall lie against the Investment adviser for any damage caused or likely to be caused by anything which is done in good faith or intended to be done under the provisions of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
    • This Agreement is subject to the rules and regulations as are or may be framed/ issued by the Central Government, the Reserve Bank of India (RBI), SEBI and/or any other competent authority, from time to time.
    • All disputes, differences, claims and questions whatsoever arising from this Agreement between the Client and Investment Advisor and/or their respective representatives touching these presents shall be in accordance with and subject to the provisions of The Arbitration and Conciliation Act, 1996, or any statutory modification or re-enactment thereof for the time being in force. Such Arbitration proceedings shall be held at Mumbai and the language of Arbitration will be English.
    • Clients can raise grievances on the Glide Invest platform (app/website) and the same shall be addressed as per the Grievance Redressal mechanism as per regulatory provisions within regulatory guidelines, if any. This Agreement shall be construed, interpreted and governed by and in accordance with the laws of India.
    • Investment Adviser shall be responsible to resolve the grievances within the timelines specified under SEBI circulars.
    • If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby
    • The Investment Adviser shall not be liable for delays or errors occurring by reason of circumstances beyond its control, including but not limited to acts of civil or military authority, national emergencies, work stoppages, pandemic, fire, flood, catastrophe, acts of God, insurrection, war, riot, or failure of communication or power supply.
    • In the event of equipment breakdowns beyond its control, the Investment Advisor shall take reasonable steps to minimize service interruptions but shall have no liability with respect thereto
    • Client have gone through the “Privacy Policy”, “Terms of Service”, “Investor Charter”, and “Grievance Redressal Policy” as available on Glide Invest website and agree on the same
    • Each party agrees to perform such further actions and execute such further agreements as are necessary to effectuate the purposes hereof

Glide Tech Investment Advisory Private Limited

SEBI Registered Investment Advisers Registration No. INA000014793

(Type of Registration- Non-Individual, Validity of Registration- Perpetual)

Address: Motilal Oswal Tower Rahimtullah Sayani Road, Opp Parel ST Depot Prabhadevi, Mumbai,

Maharashtra, 400025, Email:

SEBI regional/local office address - Plot No. C 4-A , G Block, Near Bank of India, Bandra Kurla

Complex, Bandra East, Mumbai, Maharashtra 400051

Principal Officer: Mrs. Shivangi Parekh, Email: