Terms of Use

Last updated: [DATE] Effective date: [DATE]

1. Acceptance of these Terms

These Terms of Use ("Terms") govern your access to and use of the website taru.money and the Taru parent and child applications (the "Platform"), operated by NextGenOS Financial Services Private Limited ("NextGenOS", "Taru", "we", "us"). By creating an account or using the Platform, you agree to these Terms and to our [Privacy Policy]. If you do not agree, do not use the Platform.

2. Nature of our service — please read carefully

Our current regulatory status: NextGenOS has applied to the Association of Mutual Funds in India (AMFI) for registration as a mutual fund distributor. This ARN application is pending. We are not currently registered with AMFI or SEBI in any capacity, and we do not hold ourselves out as a registered distributor until that registration is granted.

What this means for you today:

  • We do not execute, facilitate, or receive any commission on mutual fund transactions.
  • We do not hold or operate any mutual fund folio on your behalf.
  • The Platform's current functionality is limited to: (a) importing and displaying your existing mutual fund portfolio, using your Consolidated Account Statement (CAS) data, for tracking purposes only; and (b) financial-education content for children, delivered under parental supervision.
  • Any investment or transaction feature shown on the Platform is presented on a "Coming Soon" basis and is not currently operative.

Once our ARN is granted, and not before, we will:

  • Act as a mutual fund distributor and facilitate the purchase, redemption, and tracking of mutual fund units, earning commission/trail from Asset Management Companies as disclosed under AMFI/SEBI norms.
  • Update these Terms and notify existing users before transaction execution goes live.

In all cases: We are not, and will not be, investment advisers. We do not provide investment advice under the SEBI (Investment Advisers) Regulations, 2013, and we do not recommend specific schemes as suitable for your individual circumstances. Any information, tools, or educational content on the Platform is for general information only and is not a recommendation, solicitation, or financial advice.

3. Market risk disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. The value of investments can go up or down, and you may receive less than you invested. We do not guarantee any returns, capital protection, or specific outcome.

4. Eligibility and accounts

  • You must be at least 18 years old and competent to contract under the Indian Contract Act, 1872, to open a parent/guardian account.
  • You must complete KYC as required for the features you use.
  • You are responsible for the accuracy of the information you provide and for keeping your login credentials confidential.

5. The minor's folio and the child account

  • Any mutual fund folio referenced through the Platform today is one that already exists and was opened by you elsewhere; we display and track it via CAS import. We do not open, hold, or operate folios on your behalf until our ARN is granted.
  • Once our ARN is granted, a mutual fund folio may be held in the name of a minor, with the parent or lawful guardian operating the folio on the minor's behalf until the minor attains majority, in accordance with applicable SEBI/AMC/RTA requirements. This section will be updated with operative mechanics at that time.
  • The child-facing application is provided only through, and under the control of, the verified parent/guardian account. A minor cannot independently transact, contract, or operate a folio on the Platform.
  • The child application provides financial-education content only. It is not financial advice to the minor and does not enable the minor to make investment decisions.

6. Parental responsibility and consent

By creating a child account, you confirm that you are the parent or lawful guardian of the child and that you provide verifiable consent to the processing of the child's data as described in the Privacy Policy. You are responsible for supervising the child's use of the educational content.

7. Acceptable use

You agree not to:

  • use the Platform for unlawful purposes, money laundering, or fraud;
  • provide false KYC or identity information;
  • attempt to access another user's account or our systems without authorisation;
  • reverse-engineer, scrape, or disrupt the Platform; or
  • use the Platform in violation of applicable law.

8. Third-party services and integrations

The Platform integrates third-party services (e.g. CAS import via CASParser). Your use of those services may be subject to their own terms. We are not responsible for third-party services beyond our contractual arrangements with our processors.

9. Intellectual property

All content, software, branding, the "Penny" character, and curriculum materials on the Platform are owned by or licensed to NextGenOS and are protected by applicable IP laws. You may use them only for personal, non-commercial use of the Platform. No rights are granted except as expressly stated.

10. Fees and charges

Use of the Platform's current tracking and educational services is [free / subject to the charges set out at <link>]. Once our ARN is granted and distribution features go live, mutual fund schemes will carry their own expense ratios and charges as disclosed in scheme documents, and we will clearly disclose any fees charged to you before you incur them.

11. Disclaimers

The Platform is provided on an "as is" and "as available" basis. To the maximum extent permitted by law, we disclaim warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not warrant uninterrupted or error-free operation.

12. Limitation of liability

To the maximum extent permitted by law, NextGenOS shall not be liable for any indirect, incidental, or consequential losses, or for investment losses arising from market movements or from your investment decisions. Nothing in these Terms limits liability that cannot be excluded under applicable law. [Liability cap clause — to be set by counsel.]

13. Suspension and termination

We may suspend or terminate your access if you breach these Terms or where required by law. You may close your account at any time.

14. Grievance redressal

For service complaints, contact Grievance Officer: Akshay Kumar, taru@taru.money, +91 8779695364. Once we are AMFI-registered, unresolved mutual fund complaints may also be raised through SEBI's SCORES platform / the AMC's investor grievance channels; this section will be updated accordingly.

15. Governing law and jurisdiction

These Terms are governed by the laws of India. Subject to applicable consumer-protection law, the courts at Mumbai, Maharashtra shall have jurisdiction.

16. Changes

We may amend these Terms. Continued use after changes take effect constitutes acceptance. Material changes — including activation of distribution services once our ARN is granted — will be notified through the Platform.

17. Contact

NextGenOS Financial Services Private Limited, A-1304 Romell Diva, Jamuna Bldg, Chincholli Bunder, Malad West, Malad, Mumbai, Maharashtra - 400064 CIN: U66190MH2026PTC472911 taru@taru.money | +91 8779695364