Legal
Refund & Cancellation Policy
This policy applies to all XC Curated Portfolio subscriptions from Sumit Kumar Singh, a SEBI-registered Investment Adviser (individual), trading as Xumit Capital. It follows SEBI’s rules for investment adviser fees.
1. Full refund
You get a full refund of the amount you paid if:
- we cannot complete your KYC,
- your risk profile shows the portfolio you chose is not suitable for you, and you do not switch to one that is,
- you cancel before we have shared the portfolio holdings with you, or
- you were charged twice or charged in error.
2. Cancelling after you have received the portfolio
You can cancel at any time. You are refunded the fee for the unexpired part of your subscription, less a breakage fee of one quarter’s fee, which is the maximum SEBI allows.
| Plan | Fee paid | Fee per month | Breakage fee |
|---|---|---|---|
| Half-yearly | ₹4,500 | ₹750 | ₹2,250 |
| Yearly | ₹7,200 | ₹600 | ₹1,800 |
Refund = (unexpired months × fee per month) − breakage fee, and never less than zero. A part-month that has started counts as used.
Examples
- Yearly plan, cancelled after 3 months: 9 months unexpired × ₹600 = ₹5,400, minus ₹1,800 = ₹3,600 refunded.
- Yearly plan, cancelled during month 8: 4 months unexpired × ₹600 = ₹2,400, minus ₹1,800 = ₹600 refunded.
- Half-yearly plan, cancelled after 2 months: 4 months unexpired × ₹750 = ₹3,000, minus ₹2,250 = ₹750 refunded.
- Half-yearly plan, cancelled during month 4: 2 months unexpired × ₹750 = ₹1,500, minus ₹2,250 = no refund.
All fees include 18% GST. Refunds are of the amount paid, including GST, and a GST credit note is issued.
3. How to cancel
- Email sumit.singh@xumitcapital.com from the address you subscribed with, saying which portfolio you want to cancel. Include your payment reference if you have it.
- We confirm the cancellation and the refund amount within 2 working days. Rebalance updates stop from the cancellation date.
- The refund is sent to your original payment method through Razorpay within 7 working days of confirmation. Your bank may take a few more days to show it.
4. Failed payments
If money was debited but your payment did not complete, Razorpay reverses it automatically, usually within 5 to 7 working days. If it has not arrived after that, email us with the payment reference and we will follow it up.
5. If we end the service
If we stop offering a portfolio or end your subscription for any reason other than a breach of our terms, we refund the full fee for the unexpired period, with no breakage fee.
6. Complaints
- Write to us first. Email sumit.singh@xumitcapital.com with your name, the portfolio you subscribed to and your payment reference. We acknowledge every complaint and aim to resolve it within 21 days.
- SEBI SCORES. If you are not satisfied with our response, you can lodge a complaint on SEBI’s SCORES platform at scores.sebi.gov.in.
- Online Dispute Resolution. If the matter is still unresolved, you can start online conciliation or arbitration through the Smart ODR portal at smartodr.in.
Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market is subject to market risks. Read all the related documents carefully before investing.