Terms of use

This website and mobile application is developed, owned and operated by Elixir Equities Pvt. Ltd., a SEBI registered Resear Analyst; hereinafter referred to as Elixir. We recommend securities for purchase and sale through this website / mobile application. We and our clients may have vested interest in these recommendations including and not limited to ownership of same or similar securities and to that extent our views may be biased.

The Disclosure document available on this website / mobile application forms part of this Terms of Usage.

The other terms of usage of website and our services are mentioned hereunder

If you do not agree with these Terms, please stop accessing the website / mobile application and the services offered by us.

a. Using Our Services

Elixir is India’s first smart investing application as per our knowledge. We help in building a portfolio of stocks, bonds, mutual funds and other securities listed and unlisted. Our proprietary algorithm selects the holdings based on default parameters set by us as well as those set by you.

Please do not misuse our website or services in any manner including

  1. access other than the interface provide by us
  2. interrupt / disrupt our services
  3. limit or destroy its functionality or appearance
  4. hack our database
  5. deface our website or application

Uploading information or data which is in any way harmful, blasphemous, defamatory, obscene, pornographic, paedophilic, libellous, invasive of another’s privacy, hateful or racially or ethnically objectionable, disparaging, and relating to or encouraging money laundering or gambling is NOT PERMITTED.

If you misuse our website or services, we reserve the right to take legal action against you.

b. Intellectual Property

Elixir owns all intellectual property rights in respect of the Services including any algorithm, report, format, data, graphs, charts, drawings, designs, diagrams, tables, software, source code or object code or other information or materials, howsoever stored or held, acquired, created, developed, designed or in any way prepared, by Elixir. You are not permitted to use these intellectual properties to create a similar website or application either in India or anywhere else in the world.

The “Elixir” name and logos and all related names, trademarks, service marks, design marks, and slogans are the trademarks or service marks of ours or our licensors.You may not use the Elixir logo in any manner that is deceptive or disparaging, or in connection with any product or service that Elixir does not explicitly endorse.

Using our Services does not give you ownership of any intellectual property rights, including any branding or logos, in our Services or the content you access. You may not use content from our Services unless you obtain our permission first, and attribute ownership appropriately.

c. Your Data in our Website / Application

We facilitate uploading and storage of your content. The ownership of this data remains with you.

When you upload, any data or information, the content must not:

  • infringe any patent, trademark, copyright or other intellectual property rights.
  • deceive or mislead the reader about the origin of such messages or communicate any information that is grossly offensive or menacing in nature;
  • contain software viruses or any other programs designed to interrupt, destroy or limit the functionality of another computer or mobile device.
  • threaten the unity, integrity, defence, security or sovereignty of India, friendly relations with foreign states, or public order.
  • cause the incitement to commit any offence or prevent the investigation of any offence.
  • be insulting to any other nation.
  • impersonate another person.

Please also note that under the IT Act, such above actions may be considered a crime.

If you have provided us your contact details, such as email or phone number, we may send you announcements, messages or information on our Services and how to use them. You may opt out of some of these messages.

d. Your Privacy and Data Protection

Please see the Privacy Policy on the Website. This document also forms part of this terms of usage.

e. Software in our Services

Ourservice may include downloadable software, Elixir gives you a personal, worldwide, royalty-free, non-assignable, non-sublicensable, and non-exclusive license to use the software provided to you as part of our Services. This license is for the sole purpose of enabling you to use and enjoy the benefit of our Services, in the manner permitted by these Terms.

You may not copy, modify, distribute, sell, or lease any part of our Services, including our software, nor may you reverse engineer or attempt to extract the source code of that software, unless you have our written permission.

This software may update automatically on your mobile device once a new version or feature is available. For example, our mobile application(s) will update automatically on your mobile device unless you adjust your automatic update settings.

f. Our Recommendations

Through this website, we recommend securities for investment and disinvestment. We may also provide a rationale for these recommendations. All these recommendations and rationale provided are the sole intellectual property of Elixir and you are not permitted to use these recommendations to offer same or similar advice / recommendations to anyone else. You cannot use these recommendations to manage or advice others on their portfolio of holdings. These recommendations are for the sole use of the entities who have created an account with us and this information / recommendation shall not be shared with anyone else.

g. Modifying and Terminating Our Services

We are constantly changing and improving our Services. We may add or removecoverage of securities or asset classes altogether. We may also alter / remove features, functionalities, reports and may stop a Service altogether. In each case, we will give you reasonable notice in advance.

You can stop using our Services at any time. Elixir may also stop providing Services to you, or create new limits to our Services at any time.

h. Warranties and Disclaimers

The information we provide through our Services does not constitute specific advice to you. The recommendations are generic and not specific to your profile as an investor. Please seek independent financial advice when making investment decisions.

Other than as expressly set out in these Terms or the Investor Services Agreement, neither Elixir nor its service partners make any specific promises about the Services. We don’t make any commitments about the content within the Services, the specific functions of the Services, or their availability to you at all times. We provide the Services on a “as is” basis.

i. Liability for Our Services

When permitted by law Elixir and its service partners will not be responsible for lost profits, revenues, or data, financial losses, or any damages.

In all cases, Elixir and its service partners, will not be liable for any loss or damage that is not reasonably foreseeable.

j. About these Terms

We may modify these Terms to reflect changes to the law or changes to our services. We will notify you of such changes. Changes will never apply retroactively and will be effective immediately on posting on our website. If you do not agree to the modified Terms, please discontinue your use of the Service.

These Terms govern the relationship between Elixir and you. They do not create any third-party beneficiary rights.

If you do not comply with these Terms, and we do not take immediate action, it will not be construed / assumed that you have our consent to your non-compliance.

If any term contained in these Terms is not enforceable, it will not affect the other Terms.

The laws of India will apply to any dispute arising out of or in relation to these Terms or the Services.

All disputes will be first subject to mediation, and then by arbitration by a sole arbitrator appointed by Elixir in accordance with Indian law. The venue of arbitration will be Mumbai, Maharashtra.

k. SEBI Caution

Investments are subject to market risks. Although we have taken adequate care and due process in making a recommendation, please research the securities yourselves before making and investment. Past performance is not an indicator of future returns.