NJ Wealth Privacy: Safeguarding Your Data Securely

Privacy policy

Our Commitment

NJ India Invest Private Limited (NJ) is a mutual fund distributor (ARN 0155) registered with AMFI, trading member and depository participant and is also engaged in providing other financial and related services. To enable this, NJ would need to complete your Know Your Clients (KYC) in accordance with regulatory/government and legal agencies and authorities; your information may be provided/verified or updated in this process with respective regulatory agencies as per the regulations applicable at that time. For the purpose of execution of investments, your information may be provided to respective Asset Management Companies, KYC Registration Agencies, Central KYC Registry and other statutory authorities in accordance with the regulations and applicable laws. You understand and acknowledge that whenever information is provided to such third parties, it shall be bound by the terms and conditions & privacy policy of such third party service providers/agencies.

NJ is governed by the provisions of applicable laws in India including the Information Technology Act, 2000, Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 and such other rules/regulations and circulars as may be applicable to maintain the privacy of your Personal Data.

NJ collects and generates various data points about you. Data by which you are identified is termed as “Personal Data”. Personal Data does not mean information that is freely available or accessible in the public domain. Your privacy is of utmost importance to NJ and the protection of your Personal Data is a key commitment for NJ.

Information collected by NJ

Personal Data that NJ may collect from you includes, but are not limited to, the following:
  • Personal details (e.g. name, contact details including, residential address, date of birth, documents such as identity card/passport details / Aadhaar details / PAN / Voter ID/driving licence, and/or education details) provided by you to NJ to avail various services from NJ.
  • Your details including transaction history, balances and payment details, for effecting transfer of monies through various payment channels facilitated by NJ.
  • Financial details (e.g. income, expenses, networth, and/or credit history) needed as part of the request for some of NJ’s products/services.
  • Images/videos of documents/photos required to avail any of our products/services.
  • Voice recordings of conversations with NJ’s customer care agent by you to address your queries/grievances.
  • Risk profile, investment selection, beneficiary and nominee information etc.
  • Employment details (e.g. occupation, employer name, positions held, employment history, salary and/or benefits, if any) as part of NJ’s record retention for credit / various product evaluations or as required under applicable law including Prevention of Money Laundering (Maintenance of Records) Rules, 2005.
  • Specimen signature(s) or consent for the processing of your instructions received by NJ through our various payment and delivery channels.
  • Opinions provided by you to NJ by way of feedback or responses to surveys.

Usage of Your Personal Data:

Subject to applicable laws, NJ may use your Personal Data in its business operations for providing its or its partners’ products services and to perform, among other actions, the following:

  • To facilitate the transactions or report on these transactions.
  • To check and process your requests submitted to NJ for products/services and/or instructions or requests received from you in respect of these products/services.
  • To share with you, updates on changes to the products/services and their terms and conditions;
  • To take up or investigate any complaints/claims/disputes.
  • To respond to your queries or feedback submitted by you.
  • To verify your identity to provide products/services to you.
  • To carry credit checks, screenings or due diligence checks as lawfully required by us.
  • To monitor and review services from time to time.
  • To undertake financial/regulatory / management reporting, and create and maintain various risk management models.
  • For conducting audits and for record-keeping purposes
  • For selective offers and promotions.

NJ also uses your Personal Data to fulfill the requirements of applicable laws/regulations and/or court orders / regulatory directives received by NJ.

Other Websites

The Website and its associate/group sites contain links to other websites. NJ is not responsible for the privacy practices or the content of such third-party websites.

Sharing of Data

NJ may share any Personal Data of clients/investors with the following parties, in connection with and as may be necessary for the conduct of NJ’s business/operations:

  • With the Registrar & Transfer Agent/s (RTA) of various Mutual Funds and/or other issuers, group companies and associate entities to facilitate the services, banks and/or authorised external third parties/intermediaries or any other service provider who are involved in transaction processing, dispatches, printing/marketing etc. of clients/investors investment in any products, unless any investor/unitholder has specifically written to NJ to refrain from sharing such information with such parties.
  • Any regulatory/administrative/legislative authority and/or with the NJ for compliance with any legal, statutory or regulatory requirements and/or to verify the identity of clients/investors for complying with anti-money laundering/KYC requirements and/or under any applicable laws for the time being in force and/or for the purpose of data storage.

NJ shares such aforesaid information to the aforesaid service providers under strict confidentiality and only on a 'need to know basis' and for the purposes of lawful functioning of NJ’s business/operations. NJ sends the account statements or financial information pertaining to the clients/investors to be sent over the internet and only through a secure mode. NJ also ensures that the parties to whom such aforesaid information/data is shared have confidentiality provisions and high levels of security practices, controls and procedures to ensure its protection.

Notwithstanding anything contained, NJ shall not be responsible/liable, either directly or indirectly, for the authenticity/accuracy of the personal/financial information or any other data/information submitted by you and/or for its misuse, not attributable to the acts of NJ, at any time and in any manner whatsoever. In case you feel that any information/data provided by you is inaccurate/deficient or requires updation, then you shall ensure to correct/amend such information/data as soon as possible by getting in touch with NJ. NJ will at all times endeavour to handle transactions efficiently and to resolve any investor grievances promptly.

NJ shall not be held responsible for any loss, damage or misuse of your Personal Information, if such loss, damage or misuse is attributable to a Force Majeure Event. A "Force Majeure Event" shall mean any event that is beyond the reasonable control of NJ and shall include, without limitation, sabotage, fire, flood, explosion, pandemic, epidemic, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, unauthorized access to computer data and storage device, computer crashes, breach of security and encryption, etc.

NJ reserves the right to modify sections of this Privacy Policy at any time without giving any prior notice. Please review this updated Policy displayed on the website from time to time to ensure that you are aware of the current privacy practices.

Reasonable Security Practices and Procedures

NJ takes various steps and measures to protect the security of your Personal Data from misuse, loss, unauthorised access, modification or disclosure. NJ uses the latest secured server layers encryption and access control on its systems. NJ safety and security processes are audited by a third-party cybersecurity audit agency from time to time.

NJ has provided multiple levels of security to safeguard your app by the Login / Logout option. NJ also ensures the device binding so that the same login cannot be used on different devices without any additional authentication / OTP. Please do not share your NJ login, password and OTP details with anybody.

Retention of Personal Information

NJ may store and retain your Personal Information for as long as required to accomplish the purpose for which it was collected or otherwise for the period to the extent permitted under the applicable laws.

Your Rights in relation to Your Information

You have the right to correct, amend, complete and update of personal data for the processing of which has previously given consent. You represent that the information or data you provide from time to time is and shall be correct, current and updated and you have all the rights, permissions and consents to provide such information or data.

In addition to the rights detailed above, you may also have the right to revoke or withdraw your consent to the processing of your Personal Information.

We will facilitate your request to exercise such rights subject to the provisions of applicable laws relating to the processing and storage of data. If you wish to exercise any of the rights, please write an email to the Grievance Officer, providing in as much detail as possible, the right(s) you wish to exercise.

Grievance Redressal

If you have questions, concerns, or grievances regarding Privacy Policy, you may address the same to grievance@njgroup.in.

If at any time you believe that NJ or its users/members have not adhered to these principles, please notify NJ by e-mail at feedback@njgroup.in and NJ will use all commercially reasonable efforts to promptly Notify Us determine and correct the problem.

By accepting this Privacy Policy, you expressly consent to our use and disclosure of your Personal Information in the manner prescribed in this Privacy Policy. Your consent shall be considered as free, specific, informed, unconditional and unambiguous and shall signify an acceptance/agreement to the processing of the personal data for the specified purpose.