Basket Order Terms & Conditions

These terms and conditions govern the Basket Order feature offered by INDmoney Private Limited, a company incorporated under the Companies Act 2013 with its registered office at 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector - 65 Gurugram, Haryana- 122005 India (“Company”, “We”, “Our”, “Us”) which offers its services & product through its website and mobile application (“INDmoney Platform”).

These Basket Orders Terms & Conditions (‘T&Cs’) shall be read along-with but not limited to INDmoney Platform Terms and Conditions and Privacy Policy, Policies & Procedures, Account Opening Form(s), Undertaking(s), Tariffs, Authorization(s) etc. governing Client’s use of INDstocks Demat and Trading account Account (‘Account’) maintained with the Company and shall form a legally binding agreement between the Client (“Client”, “You”, “Your”) and Company for availing the Basket Orders feature (“Services”).

Please read the terms and conditions as contained herein-below carefully and thoroughly, prior to proceeding further with setting-up of Basket Order. By proceeding ahead, Client hereby agrees and accept to be bound by these T&Cs.

  1. Basket Order is the functionality provided by INDmoney Platform for placing multiple F&O orders at the same time or in a single click of a button.
  2. Eligibility:
    1. 2.1. The Basket Orders feature is available to all Clients who have an active F&O account with the Company.
    2. 2.2. Clients should always maintain sufficient funds or margin in their trading account to execute the Basket Orders.
  3. If the Client includes a combination of Buy and Sell orders within their basket, they will receive applicable margin/hedge benefits at the time of placing those orders. The Client’s basket shall have no pre-selected options in the basket and the Client shall have the flexibility to select and configure the set of options they want to trade on and place orders in one go as part of this feature.
  4. Client’s will get a margin to trade based on the wallet balance available in your INDstocks wallet. You will be allowed to place Basket orders based on the available margin, in-line with Company’s internal policy and exchange guidelines. Basket orders are allowed on eligible NSE/BSE indices and stocks and Sensex only.
  5. Clients can choose any F&O option or index contract from the explore section on the INDmoney Platform to place basket orders. By selecting the Basket toggle, Client can choose from the available Call/Put options and place the Buy or Sell order.
  6. Client’s will be notified of their wallet balance and approximate margin required for placing the basket order. Clients can also uncheck items in the basket to remove them or click on the Delete icon next to “View Basket ”icon to delete the entire basket in a single click.
  7. After finalizing the basket, clients can click on “View Basket” to update the quantity/lots for respective contracts and then place orders. Post placing the order, Clients can track the status of their orders-on-Orders tab and see updates on the Positions tab.
  8. Client’s will be able to select multiple underlying contracts to a single basket across scrips expiring on different calendars. However, the scrip shall not be from different call orders.
  9. Basket Orders on the INDmoney Platform are currently not available for Intraday orders.
  10. The Client agrees that this feature is an additional service being provided by the Company and understands that the Company shall not be responsible for any losses, including notional or actual, because of the Client’s usage of this feature.
  11. Basket Order feature is presently available in the Futures & Options segment. Scrips/Contracts for which this feature is allowed will be decided as per Company’s Risk Policy.
  12. Basket orders can be placed from market opening at 9.15 AM till 3.30 PM. Basket Orders shall not be available in pre-opening / post-closing sessions. We may amend such timing based on our sole discretion on the basis of our risk policy. Basket order window may be closed at any time, before or after 3.30 PM at our discretion, without any prior notice and without assigning any reasons therefore. The Company shall not be responsible for any costs / losses, direct or indirect, arising out of non-availability of such Basket instruction window at any point of time.
  13. Client’s basket order will be pushed to the Exchange(s) by the Company during the market hours on best effort basis, however, the order placement time may vary due to system constraint or any other reason. In such circumstances, Company shall not be held responsible or liable for any actions, claims, demands, losses, damages, costs, charges, and expenses which the client may suffer, sustain, or incur due to change in order placement time or non-placement of the order or delay in placement of the order.
  14. The Client’s shall keep track of the market and execute/modify Basket order as per their risk parameters. Client undertakes to check the trades regularly and any discrepancy should be immediately brought to the notice of the Company by writing to instockssupport@indmoney.com. Discrepancy, if any, shall be raised within 24 hours from the trade date.
  15. You acknowledge that if the order is not sold off till the expiry of the scrip or until such other time that Company may decide, we shall endeavor to square off the open position on account of insufficient margins, accordingly we may levy charges as applicable in case we square off such open positions. Clients shall be responsible for ensuring that adequate margins are available in their account to prevent shortfalls. In case of a margin shortfall, the positions may be squared off based on the Company's risk management policy. Margins can be in the form of funds and / or securities subject to appropriate haircut as per risk management policy of the Company.
  16. The Client agrees that the Company may, at its sole discretion, change the margin requirement for the transactions, in which the Client has taken or proposes to take positions. In case of an upward revision of the margin requirement, the Client agrees to provide additional funds/securities as margin to main open positions. Company shall not be responsible or deemed to be responsible for non-execution / rejection of Basket Orders. Client understands that no partial orders will be executed in case of insufficient funds.
  17. Company does not guarantee that the orders will be successfully placed for square-off of all open positions or that orders placed for square-off shall be executed. In case the positions are not squared off for any reasons beyond the control of the Company, such as price band, technical glitches, software malfunctions, etc. the same may result into delivery. The Client fully understands that such situations may result in additional margin requirements and pay- in obligations from the Client for funds and securities and Client would have to honour such obligations. All costs / expenses / charges arising out of such obligations / failure to meet such obligations shall be borne by the Client.
  18. Further, the Client agrees that any costs, including, interest, additional brokerage, penalties on margin shortfall etc, due to carry forward of positions, are the sole responsibility of the Client.
  19. You acknowledge that any loss due to delays in square off, whether actual or otherwise, is your sole responsibility. The Company shall not be liable for such losses.
  20. While we shall make our best efforts to square off all the unexecuted orders within the provided timelines, technical / system related / communication failure issues or other constraints beyond our control may prevent timely square-off. In such scenarios, we shall not be held liable for any losses incurred.
  21. Any loss suffered in the course of trading will have to be borne by the Client only and the Company, its associates, group companies, directors or employees shall not be responsible whatsoever for the same.
  22. All Client trades are subject to Bye-laws, rules, regulations, notices of exchanges and regulations/circulars issued by SEBI.
  23. The Company may, at its sole discretion, withdraw or discontinue this feature without prior notice. All investments and investment related decisions are at the sole discretion of the Client.
  24. By using the Basket Orders feature, Client’s authorize the Company to execute the orders in the basket on their behalf. Execution of Basket Orders is subject to market conditions and availability of liquidity. We do not guarantee the execution of all orders in the basket.
  25. Any additional charges, including but not limited to statutory levies, exchange fees, and service taxes, will be borne by the Client.
  26. Once a basket order is placed, it cannot be modified in terms of quantity. However, if the individual orders within the basket are still pending, Clients can cancel those orders individually or partially and then place a new basket order for the specific scrip.
  27. Company is merely acting as a facilitator for placing orders as per the Basket Order instructions given by the Client under the service. The execution of buy trades happens on the Exchange platform and depends upon the order matching mechanism of the exchange. There may be a possibility that orders may be executed partially or may even remain unexecuted.
  28. Clients are advised to regularly read and remain updated with the terms, conditions, Risk Disclosure Document, Policies & Procedures which Clients have already agreed to, while opening a trading account with Company.
  29. Company reserves right, at its sole discretion, to either temporarily or permanently, withdraw or suspend the services to Client without giving any notice or assigning any reason for the same.
  30. Company, in its sole discretion, in accordance with its risk management policy, may prohibit buy options in certain options based on liquidity or market conditions. Further, certain options may not be allowed for trading on Exchanges on account of corporate action such as stock split, issue of bonus shares, merger etc. Due to aforesaid, if the option is not allowed for trading, then the Basket Order in such options may not be placed or get rejected for the intervening period when such options are disallowed. Subsequently, Basket Order for the said option will be placed by Company only when such options are allowed for trading. Further Company may, at its sole discretion, cancel the Basket Order with regard to such options, which is disallowed for an uncertain and/or long period for the reasons mentioned herein above.
  31. Client acknowledges, understand and agree that there may be a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/ glitch whereby not being able to establish access to the trading system / network, which may be beyond Company’s control and may result in delay in processing or not processing Client’s Basket order(s).
  32. The Service is provided to Client’s on an "As is" and "Where-is" basis, without any warranty. Company, for itself and any third-party providing materials, services, or content to this facility makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third- party rights, with respect to the website, the information or any products or services to which the information refers.
  33. Company will not be liable to the Client’s or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the Service, including but not limited to, Client’s use of this Service or Client’s inability to use the Service, even if Company has previously been advised of the possibility of such damages.
  34. Company makes no representations or warranties regarding the accuracy, completeness or reliability of any information provided. Company assumes no responsibility for errors or omissions in the Services. Client’s must conduct their own research before acting on any information received through INDmoney Platform. Company shall not be responsible or liable for any losses, costs, expenses, charges, including notional losses/lost opportunities incurred by a Client as a result of acting or non-acting on any information/material received through the service.
  35. Past performance may not be an indicator of future returns. By subscribing to the Service, Client’s agree to these terms and amendments thereto. All investments and investment related decisions are at the sole discretion of the Client.
  36. Without prejudice to any other provisions of these T&Cs, Company shall not be liable to Client/s for any loss or damage whatsoever or howsoever caused arising directly or indirectly whether for consequential loss or damage or loss of profit, business, revenue, goodwill or anticipated savings which may arise in respect of the Service or arising out of the performance of the Services or otherwise.
  37. DISCLAIMERS:

INDMONEY PLATFORM ATTEMPTS TO ENSURE THE HIGHEST LEVEL OF INTEGRITY, CORRECTNESS, AND AUTHENTICITY OF THE CONTENT AND DATA UPDATED ON THE INDMONEY PLATFORM. HOWEVER, WE MAY NOT HAVE REVIEWED ALL OF THE CONTENT AND DATA PRESENT ON THE INDMONEY PLATFORM AND ARE NOT RESPONSIBLE FOR, NOR DO WE GUARANTEE, ITS COMPLETENESS, CORRECTNESS, OR ACCURACY, AS THESE DETAILS ARE ACQUIRED FROM THIRD PARTIES. IN THE EVENT OF ANY INACCURACIES, WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE THAT ARISES FROM THE USE OF THE CONTENT. TRADING IN FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. CLIENT SHOULD CAREFULLY CONSIDER THEIR FINANCIAL CONDITION AND RISK TOLERANCE BEFORE USING THE BASKET ORDERS FEATURE. THE COMPANY DOES NOT PROVIDE INVESTMENT ADVICE. THE BASKET ORDERS FEATURE IS A TOOL TO FACILITATE TRADING AND DOES NOT CONSTITUTE A RECOMMENDATION OR ENDORSEMENT OF ANY TRADING STRATEGY.

Features such as Advanced Charts, Watchlists, F&O Insights, Basket Order, are offered by the INDmoney Platform. The securities quoted are exemplary and are not recommendatory. Such representations are not indicative of future results. INDmoney Platform is not making the offer, holds no warranty & is not representative of the delivery service, suitability, merchantability, availability or quality of the offer and/or products/services under the offer. Any disputes regarding delivery, services, suitability, merchantability, availability or quality of the offer and / or products / services under the offer must be addressed in writing, by the Client directly to respective merchants and INDmoney Platform will not entertain any communications in this regard. The information mentioned herein above is only for consumption by the Client and such material should not be redistributed.

By offering the Services, the Company is not offering or deemed to have offered any portfolio management arrangement or otherwise. Any stock suggestions offered by the Company shall not be considered as investment advice in any manner whatsoever. Clients should take independent professional advice before deciding the stocks for trade / investment under this Service.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. There are no assurances or guarantees that the objectives of any trading in scripts will be achieved. The trades referred to herein may not be suitable to all categories of traders/investors. The names of scripts mentioned herein do not in any manner indicate their prospects or returns. The value of scripts referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counterparty risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives.

The contents available on the INDmoney Platform shall not be considered as an invitation or persuasion to trade or invest. The Company and its affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Please note Brokerage would not exceed the SEBI prescribed limit.

You are advised to prevent unauthorized transactions in your Account. Update your mobile numbers/email IDs with us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. It has been observed that certain fraudsters have been collecting data from various sources of investors who are trading in Exchanges and sending them bulk messages on the pretext of providing investment tips and luring the investors to invest in bogus entities by promising huge profits. You are advised not to trade on the basis of SMS tips and to take an informed investment decision based on authentic sources.

COMPANY SHALL NOT BE HELD RESPONSIBLE AND / OR LIABLE FOR ANY LOSSES, DAMAGES, CLAIMS, PENALTIES, ERRORS, DEFECTS, DELAYS, OMISSIONS, COMPLIANCE WITH DESCRIPTION, COMPENSATIONS, TRADING LOSS(ES), OPPORTUNITY LOSS(ES), SPECIFIC QUALITY OF ANY SERVICES, OR FACILITIES, ANY INTERRUPTION OR CESSATION OF TRANSMISSION OF SERVICES, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF SERVICES, AND NON-INFRINGEMENT OF THIRD PARTY RIGHTS ARISING DUE TO OR IN RELATION TO NON-PLACEMENT OR REJECTION OF ORDERS OR DUE TO PROVISION OF THESE SERVICES.

CLIENT ACKNOWLEDGE, UNDERSTAND AND AGREE THAT THERE MAY BE A POSSIBILITY OF COMMUNICATION FAILURE OR SYSTEM PROBLEMS OR SLOW OR DELAYED RESPONSE FROM SYSTEM OR TRANSACTION HALT/FAILURE, OR ANY SUCH OTHER PROBLEM/ GLITCH WHEREBY NOT BEING ABLE TO ESTABLISH ACCESS TO THE SYSTEM / NETWORK, WHICH MAY BE BEYOND COMPANY’S CONTROL AND MAY RESULT IN DELAY IN PROCESSING OR NOT PROCESSING CLIENT’S REQUEST.

YOU AGREE AND ACKNOWLEDGE THAT THE USE OF SERVICES ON THE INDMONEY PLATFORM IS AT YOUR SOLE RISK. WITHOUT PREJUDICE TO THE FOREGOING, INDMONEY OR ITS GROUP ENTITIES DO NOT WARRANT THAT THE SERVICES WILL MEET YOUR REQUIREMENTS OR WILL BE FREE OF ERRORS OR DEFICIENCIES.

YOU ACKNOWLEDGE AND ACCEPT THAT YOU BEAR ALL RISKS ASSOCIATED WITH ONLINE TRANSACTIONS. NEITHER INDMONEY NOR ANY THIRD-PARTY SERVICE PROVIDERS PROVIDE ANY WARRANTIES, EXPLICIT OR IMPLIED, REGARDING THE QUALITY OF SERVICES, INCLUDING BUT NOT LIMITED TO: (I) THE SERVICES MEETING YOUR SPECIFIC REQUIREMENTS; (II) THE SERVICES BEING UNINTERRUPTED, TIMELY, OR ERROR-FREE; OR (III) ANY PRODUCTS, INFORMATION, OR MATERIALS OBTAINED BY YOU IN CONNECTION WITH THE SERVICES MEETING YOUR REQUIREMENTS.

COMPANY SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING FROM THE USE OF THE BASKET ORDERS FEATURE, INCLUDING BUT NOT LIMITED TO MARKET RISKS, SYSTEM FAILURES, TECHNICAL GLITCH, SYSTEM BUGS OR UNAUTHORIZED ACCESS. COMPANY, AT ALL TIMES, BEARS NO LIABILITY TOWARDS THE CLIENT FOR ANY REASON WHATSOEVER WITH RESPECT TO USING THE BASKET ORDER FEATURE; INCLUDING BUT NOT LIMITED TO, NON-EXECUTION OF ANY ORDER USING THE BASKET ORDER FEATURE / EITHER LEG OF THE ORDER, ANY OPPORTUNITY LOSS FOR NON-EXECUTION OF SUCH ORDERS / TRADES, ANY CANCELLATION OR NON-PLACEMENT OF ANY ORDERS AND ANY SUCH OTHER CLAIMS WHICH MAY ARISE FROM CLIENT/S WITH RESPECT TO USING THE BASKET ORDER FEATURE.

Client acknowledges and agree that, Company reserves the right to modify, amend, change, or replace these terms and conditions and/or completely withdraw the feature, without prior notice. Client’s continued use of the Service shall be deemed to be Client’s continued acceptance to the amended/ modified/altered T&Cs.