Account Deletion Policy
Such a request for deletion must be sent in writing to support@multipl.xyz. By initiating the deletion of the Multipl App, you hereby acknowledge and consent to the following binding conditions:
1. Data Retention: Pursuant to Securities and Exchange Board of India (SEBI) regulations, all data linked to your account will be retained for a mandatory period of eight (8) years after the app's deletion. This retention period is irrevocable and necessary for compliance with regulatory requirements. Furthermore, your data will not be utilized for any marketing or other purposes after the deletion of the Account.
2. Account Suspension and Irrevocability: Your account will be suspended within seven (7) business days of the complete deletion of the app. The suspension is permanent and the account cannot be reactivated or restored. To restore your account, you must directly contact the Spendvest team; otherwise, access to the account will remain indefinitely barred.
3. Forfeiture of Offers: Upon permanent deletion of the Multipl application, the user shall be immediately and irrevocably disqualified from all ongoing and future offers, promotions, and incentives, regardless of any subsequent reinstallation or login attempt, even if occurring after the designated period of three (3) months. The user will be recognized as an existing user and shall not be eligible for any benefits afforded to new users. This policy is strictly enforced to prevent misuse, fraudulent activity, or manipulation of promotional programs.
Risk Profile
Risk profile is assigned on the basis of your risk score computed from the answers that you provided in the risk profiling questionnaire. It evaluates your capacity to take risks as well as willingness to take risks
Compulsory; Helpful too!
Risk profile is mandatory as per SEBI (Investment Advisers) Regulations, 2013. It is very helpful too. Investing is a highly personalized activity. For an optimal investing experience, it is very important to have asset allocation as per your risk profile and time horizon
Change
Risk Profile once submitted will be locked for a year. However, in case of a perceived change, especially resulting from a material life event such as marriage, childbirth, career shift etc., you can request to take it again by writing to us at support@multipl.xyz
Risk Profile Classification
We classify risk profiles into four different categories-Aggressive, Growth, Moderate and Conservative
Aggressive risk profile denotes that you probably look at risk as an opportunity to enhance your returns/wealth and are willing to bear even extreme volatility that arises in financial markets and that you are prepared for all outcomes including some potential permanent erosion of capital. Significant allocation to high yield assets such as equities and hybrid products may be most suitable for you, especially for medium-term /long-term investments.
Growth risk profile denotes that you probably look at risk as an opportunity to enhance your returns/wealth and are willing to bear volatility that arises in financial markets and that you are prepared even for some adverse outcomes including a slight permanent erosion of capital. Relatively higher allocation to high yield assets such as equities and hybrid products may be most suitable for you, especially for medium-term /long-term investments.
Moderate risk profile denotes that you probably look at risk as volatility and uncertainty and while not being completely risk averse, you have moderate level of tolerance and/or capacity for taking risk. Also, while you are fine with some volatility and notional losses, you wish to completely avoid a permanent erosion in your capital. Low to moderate allocation to high yield assets such as equities and hybrid products and moderate to high allocation to relatively safer low yield assets such as Fixed Deposits and Debt Funds may be most suitable for you, depending on the time horizon of your goals.
Conservative risk profile denotes that you probably look at risk not just as volatility and uncertainty but also often as danger and you have low level of tolerance and/or capacity for taking risk. You not only wish to completely avoid a permanent erosion in your capital but also want to avoid highly volatile investments. Low allocation to high yield assets such as equities and hybrid products and higher allocation to relatively safer low yield assets such as Fixed Deposits and Debt Funds may be most suitable for you, depending on the time horizon of your goals.
MULTIPL WEALTH MANAGEMENT PRIVATE LIMITED
SEBI Registered Investment Advisors
Registration No. INA200014681