Terms of Use

Indian Property Advisors Private Limited, (hereinafter referred to as "IPAL Fund Managers" or “the Company”) having registered office at 408, 4th Floor, Gundecha Chambers, Nagindas Master Road, Fort, Mumbai - 400001 owns and maintains www.ipal.co.in (the Website/the Site). In order to use this Website, you must agree to these terms of use, which are legally binding terms to govern your use of this Website (“Terms of Use”). Please read these Terms of Use carefully as they affect your legal rights and obligations.


The Website showcases information on IPAL Fund Managers, the management, funds under management and other collateral in relation to the business and markets that the fund operates in. The reports & other data made available on this Website are for information purposes only. The same may not in any manner be relied upon or otherwise used to conclude any commercial transactions (including redemptions, pledges etc.), since the same may include inaccuracies and may not be current and complete and be subject to reconciliations.

For accessing certain privileged information on this Website, you will have to register yourself on the Website. You shall provide all authentic information required to commence a membership account on the Website and update such information from time to time. You shall be provided with a password sent through a separate communication. You are completely accountable for all actions that take place in your account. It is entirely your responsibility to maintain the confidentiality of your password and identification and also to inform IPAL Fund Managers without delay of any dishonest, unauthorized or illegal use of your account.

The Company reserves the right (but is not obligated to) to correct any errors or omissions on the Website or to update the same. The Company may also make improvements and/or changes to the Website at any time without any obligation and without any notice requirement.


IPAL Fund Managers owns or has license to use all contents, graphs, images, HTML and CGI or other scripts displayed and used on this Website. The information contents provided on this Website (including, without limitation, any screenshots, documentation or manuals relating to the Website) may not be copied, modified, uploaded, downloaded, published or republished, transmitted or otherwise distributed for commercial purposes without prior and explicit permission from IPAL Fund Managers. Reproduction of any information or material, with or without any modification, provided on this Website is prohibited unless, with prior permission of IPAL Fund Managers, and shall amount to violation of copyright and would be an illegal act.

The Company hereby grants you a non-exclusive, non-transferable, revocable, limited right to access the Website for your personal non-commercial use. The Company offers the Website for your authentic, bona fide, valid, legitimate and personal non-commercial use only. You declare that you will not use IPAL Fund Managers services for any purpose that is unlawful, dishonest, unauthorized, improper and/or in contradiction of the terms, conditions, and notices contained herein.

The Company reserves its right to select the user of this Website and take decision as to whether to permit or not any person to use services provided on this Website.

The Company is not responsible for monitoring any user's use of the Website or restrain or regulate the messages, content or subject matter of any user delivered through the Website.

Nevertheless, the Company reserves the right (but not the obligation) always to regulate, restrain, monitor, review, retain and/or divulge any information as necessary to satisfy any applicable rules, regulation, law, court or government order or to protect and defend the rights of other users or to enforce the Terms of Use which are binding on all the users of the Website.

The Company reserves the right to terminate your access to the Website wholly or partially and/or cancel your membership account, at any time without assigning any reason or giving notice whatsoever. The Company is not responsible or accountable for any intimidating, offensive, vulgar obscene, improper or illegal content or conduct of any member or any breach of another member's privacy or privileges or intellectual property rights.

The Company expressly prohibits you from any unauthorized commercial use or resale of the contents of the information contained on the Website. You agree to comply with all rules, regulations, statutes, codes of conduct valid as per any local, state, national and international laws in force and are wholly responsible for all actions or lapses that take place through your membership account or password, including the content of your messages sent through www.ipal.co.in, both online and off line.

The Company expressly prohibits you from engaging in any of the activities illustratively but not exclusively mentioned hereunder:

  • Sublicense to, transfer, network, transmit, distribute, or permit use of the Website by, any third party;
  • Reverse engineer, decompile, or disassemble any aspect of the Website;
  • Insult, exploit, torment, hound, intimidate or otherwise infringe the legal rights (including any intellectual property rights) of others.
  • Circulate, disseminate or propagate any improper, defamatory, derisive, slanderous, infringing, vulgar, offensive, dishonest, criminal or illegal information or material.
  • Fabricate a fake identity to mislead anyone in respect of the identity of the sender or the origin of a communication.
  • Transmit any substance that contains viruses, trojan horses, worms, time bombs, cancel bots, or any other harmful or deleterious programs.
  • Send any content governed by intellectual property laws, rights of privacy or any other applicable law except in case you possess the rights thereto or have received all necessary consents.
  • Obstruct or interrupt systems connected to the Website or infringe the rules, policies or procedures of such systems.
  • Try to secure unauthorized access to the Website, computer systems or networks connected to the Website, other members' accounts, through password hacking or any other method.
  • Infringe any applicable laws or regulations including, without limitation, laws relating to the information technology in India or elsewhere.
  • Obstruct another member's use and enjoyment of the Website.
  • Use the Website to conduct surveys, competitions, pyramid schemes, chain letters, unsolicited e-mail, or unwanted messages for profit or otherwise.
  • Dig for or otherwise gather information about others members, including e-mail addresses, without their consent. Provided further, that it shall not be binding on the Company to part with such information even if the consent is obtained.
  • Threaten the unity, integrity, defence, security or sovereignty of India, friendly relations with foreign states, or public order or causes incitement to the commission of any cognizable offence or prevents investigation of any offence or is insulting any other nation;
  • Allow usage by others in such a way as to violate these Terms of Use;
Acceptance Of The Terms Of Use

These Terms of Use shall be applicable to any person visiting/accessing this Website and/or a customer entering into an agreement related to the Website. You may use the Website if you are legally eligible to enter into a valid agreement and when you accept the terms, conditions, and notices contained herein without modification whatsoever. By using or visiting the Website, you signify your consent to these Terms of Use without any modification or reservation whatsoever. Please note that these Terms of Use may be revised and reissued by the Company at its sole discretion. Changes to the Terms of Use will be effective as on the date they are posted on the Website. The Company is not bound to provide you with any updates or notice of such revisions to the Terms of Use and you should visit the Terms of Use regularly to review the applicable Terms of Use. Your continued use of the Website signifies your acceptance of any revisions and explicit renewal of your consent to such revisions. These terms control the relationship between Company and you. They do not create any third party beneficiary rights.

Disclaimer of Warranties

A person relying on the website and any materials available through the site, does so solely at his own risk. The website and all the materials, information, software, facilities and other content in the website are provided “as is” and “as available” without any warranties of any kind, either express or implied. To the fullest extent permissible pursuant to applicable law, the website, the company and any subsidiaries or affiliated companies of the company disclaim any and all warranties, express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose and non-infringement of third party rights. The company does not warrant that the functions contained in this website will be available continuously, uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make the website available are free of viruses or other harmful components. The company does not warrant or make any representations regarding the use or the results of the use of the material, information, software, facilities or other content on or made available on the website or any web sites linked to the website in terms of their correctness, accuracy, reliability, or otherwise. The company makes no warranties that your use of the materials, information, software, facilities, or other content in the website or any other web site will not infringe the rights of others and the company assumes no liability or responsibility for errors or omissions in such materials, information, software, facilities, or other content on the website or any other web site. If applicable law does not allow the exclusion of some or all of the above implied warranties to apply to you, the above exclusions will apply to you only to the extent permitted by applicable law. The contents of research reports, articles and the interpretation of data are solely the personal views of the contributors and the same may not be treated as the views of ipal fund managers. The information, material, and data provided on this website is /are not advice, professional or otherwise, which may be verified by the person/investor and should not be relied upon as such.

Neither any information nor any opinion provided herein constitutes a solicitation or offer by ipal fund managers to buy or sell any securities, futures, options, or other financial instruments or provide any investment advice or services or insurance products or mutual fund units or any other financial products. Ipal fund managers or its employees, affiliates, directors and persons involved in preparation of this information may buy or sell or take possession in instruments dependent or independent of the opinion and information contained in the website at any time. The investment in securities is subject to market, investment risk, the investment discussed and/or recommended herein may not be suitable for all the investors. The person using the information provided on this website may take investment decision after considering his investment objectives and risk factors.

you also agree that not all instruments, products, or services that may be mentioned in the website are available in all countries, and no part of the website here is an offer or solicitation of any instrument, product or service in any jurisdiction where their offer or sale is not qualified or exempt from regulation.

All incomes, yields, returns indicated may fluctuate depending on the market conditions and past performance of any product or scheme are not a guide to its future performance. Investments inherently involve risks and ipal fund managers shall not be responsible for any loss or damage that could result from any action you may take basing on any information made available to you via www.ipal.co.in. You are specifically advised to seek professional financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this site and should understand that statements regarding future prospects may not be realized.

You expressly agree that ipal fund managers shall not be responsible for unauthorized access to and/or erroneous alteration of your messages, transmissions, data, material sent or received or not sent or received, or any communication entered into through the use of its services.

The company may have business relationship with the companies mentioned in the research reports appearing on this website and may enter or might have entered in to any contract or have any transaction in the ordinary course of its business.

Limitation of Liability

The Company, each of its officers, directors, subsidiaries, affiliates, agents, or licensors shall not be liable for incidental, indirect, consequential, special, punitive, exemplary damages, or any damages whatsoever, including but not limited to damages for lost revenues or profits, loss of business or loss of data arising out of or in any way related to the use and performance of the Website or for any claim, loss or injury based on errors, omissions, interruptions or other inaccuracies arising out of the use of the Website for any reason whatsoever, whether based on contract, tort, negligence, strict liability or otherwise even if IPAL Fund Managers, its parents, subsidiaries, affiliates, directors, officers, employees or dealers or any of its suppliers have been advised of the possibility of such damage. You are requested to contact your Relationship Manager or the Customer Service Desk before initiating any action based on the report/data viewed on the website.

Third Party Websites

The Website may contain certain advertisements, promotions, referred or linked sites (“Third Party Websites”), however it will not be responsible for the contents of such Third Party Websites, neither does it endorse the content of the Third Party Websites nor to the services provided by such sites These Terms of Use do not govern (and the Company is not responsible for) the use of such Third Party Websites. When using the Third Party Websites, you should read the relevant terms of use regarding use of such Third Party Websites, software or products, including any applicable end user license agreements.

The Company may refer to or provide information or links to Third Party Websites only as a matter of user convenience. The Company expressly states that such inclusion of any references, information or links do not imply or endorse the services or content offered by such Third Party Websites nor does it imply any association of the Company with those sites. You agree that the Third Party Websites are not under the control of the Company and the Company is not responsible for the services or contents of any Third Party Websites or for web casting or any other form of transmission received from any such Third Party Websites.

The content provided by any third party service provider is exclusive of any warranty whatsoever, including satisfactory quality fitness for a particular purpose, originality and non-infringement, and all warranties arising out of course of performance, course of dealing and usage of trade or their equivalents under the laws of any jurisdiction, the Third Party service provider's provisions of content shall not be deemed to be investment management or advisory services.

Local Regulations

This Website is not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The investment services and products mentioned in the Website may not be available in every jurisdiction / country. If you choose to access the Website from other locations you do so on your own initiative and at your own risk. You are responsible for complying with local laws, if and to the extent local laws are applicable. You specifically agree to comply with all applicable laws concerning the transmission of technical data exported from India or the country you reside in.

Privacy Policy

IPAL Fund Managers is committed to protecting your privacy subject to the Privacy Policy expressly stated elsewhere in the web site. You agree that you have read the contents of the Privacy Policy and are bound by it in every respect.


You hereby indemnify IPAL Fund Managers, its parents, subsidiaries, affiliates, directors, officers and employees from and against any loss, claim, demand, liabilities or damage, including legal expenses, incurred due to or resulting from your breach of any of the provisions mentioned in these Terms of Use, representations or warranties, and/or from your placement or transmission of any content onto the Company’s servers, and/or infringement by you of any intellectual property rights, including any claims against you alleging misuse or unauthorized usage of the information, data and content available on Third Party Websites and/or from your use of the Website itself.

Governing Laws And Jurisdiction

These Terms of Use shall be governed by, construed and enforced in accordance with the laws of India. You agree that disputes if any arising as a result of these Terms of Use are subject to the jurisdiction of courts in Mumbai, India.


If any provision of these Terms of Use shall be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable for this agreement and shall not affect the validity and enforceability of any remaining provisions. This is the entire agreement between the parties relating to the matters contained herein.

Privacy Policy

The web site www.ipal.co.in (“Website”) is maintained by Indian Property Advisors Private Limited, having registered office at 408, 4th Floor, Gundecha Chambers, Nagindas Master Road, Fort, Mumbai – 400001 (the “Company”). The Company is committed to protecting your privacy and working towards offering you a powerful, safe, online experience.

By using/accessing the Website you agree to accept the terms of this Privacy Policy. This Privacy Policy applies regardless of the means or device you use to access the Website.

It is clarified that the Company has adopted these privacy principles for the Website alone. This Privacy Policy does not apply to any other third party or affiliate company website or service

Personal Information That We May Collect

To use the Website, you need to sign up by giving simple details that personally identify you. The Company needs this minimal information to operate the Website. The Company encourages you to update this information as and when there are any changes. When you do this through easily navigable clicks, you help us stay in touch with you always. Personal Information shall, for this Privacy Policy, refer to any information that identifies or can be used to identify, contact or locate you, including, but not limited to, [name, salutation, gender, address, phone number and email address].

The Company does not collect Personal Information about individuals except when such individuals specifically provide such information on a voluntary basis. This can be in several ways including for example, through registration for contests, the registration process for subscription sites or services and in connection with content submissions, community postings (e.g., message boards), suggestions, and voting/polling activities. Personal Information on individual users of the Website will not be sold or otherwise transferred to unaffiliated third parties unless otherwise stated at the time of collection or with the approval of the user as the case may be.


The Company treats your personal information or your use of the Website as private and confidential and does not check, edit, or reveal it to any third parties except where it believes in good faith, such action is necessary to comply with the applicable legal and regulatory processes, or to protect and defend the rights of other users or to enforce the terms of service which are binding on all the users of the Website.

Except where specifically agreed or necessary for operational or regulatory reasons, the Company will not send you any unsolicited information. However, to help you to take full advantage of www.ipal.co.in, messages relating to the www.ipal.co.in products and/or changes, additions and improvements to the products offered may be sent to you. Further at such points of collection, the user will have the opportunity to indicate whether he or she would like to "opt out" of receiving promotional and/or marketing information about other products, and offerings from the Company and/or any third parties etc. If the user does not opt out, the Company may use any email addresses of users to send occasional emails pertaining to the said information. The user can nevertheless unsubscribe from receipt of such emails by following instructions therein or by communicating accordingly to the Company.

The Website uses the help of Internet Protocol ("IP") addresses to diagnose any problems with its server and to administer the Web site including by blocking certain addresses that it feels are inappropriately using its Website. IP addresses are used to gather broad demographics information, such as browser types, visitor's country, visiting frequency, operating systems, etc.

Non Personal Information

The Company may collect unnamed statistics, which does not personally identify you. The Company reserves the right to perform statistical analyses of user behaviour and characteristics in order to measure interest in and use of the various areas of the Website and to inform advertisers of such information as well as the number of users that have been exposed to or clicked on their advertising banners. The Company will provide only aggregated data from these analyses to third parties.

Provision of Personal Information To Third Parties

The Company believes in promoting amity among users to promote collaboration and free exchange of ideas. The Website may allow users to post messages, e-mails, information, participate in chat sessions, news groups and other affinity group activities on the site and off the site. During such activities, you may provide your personal information beyond what has been given in your personal profile. This Privacy Policy excludes information transmitted through these activities. While the Company encourages you to actively participate in such activities, it advises you to be careful in sharing your personal information and respect the privacy of its other users.

Also, users should be aware that the Company may sometimes permit third parties to offer subscription and/or registration-based services through its Website. The Company is not responsible for any actions or policies of such third parties and users should check the applicable privacy policy of such party when providing personally identifiable information. Further, the Company will not be responsible if the users do not get the benefits announced if any, by the third parties permitted to offer subscription and registration based services on its Website.


Users are also made aware that certain information and data may be automatically collected through the standard operation of www.ipal.co.in's internet servers or through the use of "cookies." "Cookies" is a term generally used for small text files a web site can use to recognize repeat users, facilitate the user's ongoing access to and use of the site, allow a site to track usage behaviour and compile aggregate data that will allow content improvements and targeted advertising etc. Cookies themselves do not personally identify you, but they do identify your computer. Generally, cookies work by assigning a unique number to the user computer that has no meaning outside the assigning site. Users are also being made aware that www.ipal.co.in cannot control the use of cookies or the resulting information by advertisers or third parties hosting data for the Website. If a user does not want information collected through the use of cookies, there is a simple procedure in most browsers that allows the user to deny or accept the cookie feature; however, users should note that cookies may be necessary to provide the user with certain features (e.g., customized delivery of information) available from the Website. If you choose to be a registered user of the Website, you must accept a cookie from the Website.

The Company notifies that the information you provide to the Website may be stored in a country other than where you reside.

Personal Information of Minors

The Website is not intended for use by children and minors. Parents are requested to ensure that personal information is not provided by minors on the Website. However, this does not intend to prohibit information on minors and children being provided by the parents with respect to any product offered by the Website or any other third party permitted to offer any product or service on its site, which are beneficial to or are designed for the benefit of children and minors.

Change In Terms

The Company reserves the right to change this policy at any time. If the Company decides to change this policy, such changes will be posted on this page as soon as possible. Users may note that this Privacy Policy itself and any such change of policy will be effective from the date announced by www.ipal.co.in and not from the date of posting on the site. You acknowledge that no knowledge of the revised Privacy Policy shall be no defence in any proceedings with regard to the Privacy Policy.

This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in favour of any user or viewer of the Website or on behalf of any other party.

However, users and viewers are informed that by using the Web site, they are deemed to have consented to the collection and use of information by the Website as stated above.

Fraudulent Transactions

The Company reserve the right to recover the costs and lawyers’ fees from persons using the Website fraudulently. Company also reserves the right to initiate legal proceedings against such persons for fraudulent use of the Website.


Should you have any grievances about the processing of your Personal Information, you may contact [insert name of Grievance Officer] (insert email address), who has been designated as the Grievance Officer for this purpose.