However, smart parents are those who are prepared for the journey emotionally, physically, and most importantly, financially. This essential guide breaks down the cost of every aspect of raising a child in India to make sure you have everything covered.
Insights into the Calculations
The costs listed here are calculated based on the expenses of a high-earning couple living in a metro city in India. In each stage, we give a table with the detailed split of the expenses incurred during this period.Note that the actual prices for your family may vary, based on your lifestyle, location, and other preferences.
We have calculated prices based on prevailing expense rates. It may vary based on the current age of your child. For rates after inflation, check the end of this report.
The Cost of Prenatal Care (0-9 Months)
| Particulars | Approx Amt In Rs |
| Medical expenses for the motherhood - injections, drugs,
vaccinations
|
14,000 |
| Maternity clothes
|
18,000 |
| Doctors' visit
|
15,750 |
| Sonographies
|
20,000 |
| Car seat, cribs, clothes
|
15,000 |
| Nutrition for mother(grocery)
|
32,283 |
| Customs and rituals related to the pre-birth period like
Godh Bharai
|
20,000 |
| Total Expenses
|
Rs.1,35,033 |
In the prenatal stage, special focus needs to be on the carrying mother. Let’s examine a few key expenses:
● Medical Expenses:
The average monthly medical expense for a expecting mother is Rs. 2000 which includes injections, drugs, vaccinations. This is 2000 x 7 = Rs. 14,000 starting from the date of pregnancy confirmation up to the eighth month.
● Doctor’s Visits:
This includes approximately 2 doctor visits every month, with each visit costing Rs. 1000 to a total of Rs. 15,750.
● Sonographies:
A single Sonography costs around Rs. 2000 and it is recommended to take a fortnightly scan (total of 10 to 12 scans), which can equal to Rs. 20,000 approximately for the entire duration of the pregnancy.
● Maternity Clothing:
The pregnant mother would require (a minimum of)12 to 18 pieces of maternity clothing. Assuming that a piece of clothing costs roughly Rs. 1000, this equals to Rs. 18,000.
● Grocery:
There will be an increase in the monthly grocery expenses to meet the nutritional needs - fresh fruits, ghee, protein, and vegetables for the pregnant woman. This increase is estimated to be around Rs 3587 per month or 32.283 during the pregnancy period.
● Pre-birth Rituals:
Rituals such as baby showers (godh bharai) can cost anywhere from Rs. 20,000 to 1 lakh depending on the number of guests and the scale of the celebration.
Optional Expenses
There are some optional expenses too, which are not taken in this calculation.
| Particulars | Approx Amt (In Rs) |
| Pre-baby shoot | 20,000 |
| Babymoon | 50,000 |
| IVF (Medically Required in some cases) | 2,50,000 |
| Total Expenses | 3,20,000 |
The Cost of Child Delivery (During Birth)
| Particulars
|
Approx Amt(in Rs)
|
| Hospitalisation costs
|
42,263 |
| Medical costs of baby
|
10,000 |
| Medical expenses for the mother
|
10,000 |
| Total
|
62,263 |
Let’s examine a few key expenses during the child delivery
In this stage, the hospitalisation cost is the major expense. This could largely depend on the type of option chosen by the parents as well as the doctor. The two options of delivery are either normal/vaginal or C-section delivery.While C-section delivery could cost anywhere between Rs 60,000 to 1.5 Lacs, a normal delivery could cost about 40,000 to 1 Lac depending on the type of hospital chosen or the city you live in.
There is another optional expense which is highly recommended in this stage. This is not taken into calculation.
| Particulars
|
Approx Amt (In Rs) |
| Stem Cells
|
60,000 |
The Cost of Raising an Infant (0-2 Years)
| Particulars
|
Approx Amt (In Rs)
|
| Monthly paediatrician and physician visits
|
3,800 |
| Vaccination/Growth supplements/Routine cold & cough
|
72,000 |
| Diapers
|
26,400 |
| Toys
|
15,000 |
| Massage person
|
64,000 |
| Nanny
|
240,000 |
| Nutritious Food for the Nursing Mother
|
9,000 |
| Birthday Parties for the child
|
20,000 |
| Gifts for other kids' birthday parties
|
5,000 |
| Apparel
|
35,000 |
| Accessories for the Baby (Stroller, walker, baby chair,
bedding)
|
9,000 |
| Total
|
4,99,200 |
The first few years of a child’s life requires extensive medical care, as newborns are prone to infections.
Let’s look at a few key expenses in this stage.
● Paediatrician Fees -The average cost of a paediatrician and physical visit (for the mother) is estimated at Rs.475 each, or Rs 950, which is a recurring expense, once every three months, till the baby reaches the age of 2. Thus, you will need to budget for at least 4 such visits during the period, bringing the total estimate to Rs 3800.
● Vaccination Costs -
The cost of vaccination per month for infants is Rs. 1231, growth supplements can cost an additional Rs. 1105 per month and routine cold and flu doctor visits can average about Rs. 764 every month, bringing the monthly medical expenses for the infant at Rs. 3000 pm, which equals 3000 x 24 = Rs. 72,000.
● Cost of Diapers -
Assuming you use 5 diapers for the newborn per day, the monthly cost of diapers is 1100, which equals 1100 x 24 = Rs. 26,400.
● Nanny and Massage Person -
The prevailing rates for the maalishwaali (massage person) is Rs. 8000 pm for 8 months = Rs. 64,000. The monthly rates of a qualified nanny could range anywhere upwards starting from Rs. 10,000 per month, which brings the total estimate of nanny to Rs 2,40,000.
● Birthday Party -
Starting from this stage, the birthday party expenses are calculated at Rs. 10,000 per year for the child or 20,000 for 2 years. Note that this is for a simple house party. If you opt for grander celebrations at a party hall, then the costs can be anywhere from a few tens of thousands of rupees to a few lakhs.
The Cost of Raising a Toddler (2-3 Years)
| Particulars
|
Approx Amt (in Rs)
|
| Reputed private preschool (fees)
|
50,000 |
| Vaccination and Medicine for routine Illnesses
|
24,000 |
| Apparel
|
40,000 |
| Special Nutrition Food
|
12,000 |
| Toys
|
20,000 |
| Nanny/daycare
|
156,000 |
| Birthday Parties/Entertainment/Other kids' birthday parties
|
15,000 |
| Total
|
3,17,000 |
Let’s examine a few key expenses while raising a toddler
● Pre-school fees - It can range from Rs. 50,000 upwards depending on your city, chosen pre-school brand, conveyance, after-school care, etc.● Vaccination and Medicine for routine Illnesses:
As the immunity of the child is building, you will need to be prepared for routine cough and cold visits to the doctor and also include periodical vaccinations. This is estimated to be around Rs 2000 per month or Rs 24,000 in a year.
● Apparel and Toys:
As your child continues to grow, you will need to budget for clothes and toys for your child. This can be around Rs 60,000 during the period (40,000 + 20,000)
● Special Nutrition Food:
Growing children require special nutritional drinks like Pediasure, Horlicks, etc. which can cost around Rs. 1000 per month or Rs 12,000 for the entire year.
● Nanny/day Care:
Just as in the infant stage, this continues to be a significant factor here, as well and this is estimated at Rs. 13,000 per month or Rs 1,56,000 for the entire year.
● Birthday Celebrations:
The cost of celebrating your child’s birthday party is calculated at Rs. 10,000 and the gifts your child purchases for other kids is estimated at around Rs. 5000 in a year totalling to Rs. 15,000 during this period .
The Costs for A Child During Primary School (3 - 8 Years)
|
Particulars |
Approx Amt (In Rs)
|
| Education
|
348,775 |
| Extra-curricular activities in school
|
72,000 |
| Vaccination/Growth supplements/Routine cold & cough
|
120,000 |
| Food
|
60,000 |
| Clothes
|
150,000 |
| Games/Toys/story books
|
60,000 |
| Birthday Parties/Entertainment/Other kids' birthday parties
|
75000 |
| Vacations
|
225,000 |
| Uniforms & Text books
|
51,995 |
| Total
|
11,62,770 |
How have we arrived at these costs?
● Education -The average of school fees calculated based on top schools in Tier 1 cities like in Gurgaon, Indore and Malad is around Rs. 3,48,775.
● Uniforms and Textbooks -
Calculated based on standard rates is 10,399 per year, which is 10,399 x 5 = 51,995.
● Extracurricular activities -
Starting around the age of 7, extracurricular activities cost around Rs. 3000 per month, which equals 3000 x 24 (for ages 7 and 8) = 72,000.
● Medical Expenses -
Growth supplements cost around Rs. 1000 per month, vaccination and cough and cold medicines cost another 1000 every month, bringing the medical expenses to 2000 x 60 = Rs. 1,20,000.
● Food, Clothes and Toys -
Clothes cost 30,000 per year (30,000 x 5 = 1,50,000); Toys range around 1000 per month (1000 x 60 = 60,000), nutritional needs of the growing childlike Horlicks and other health drinks come around 1000 per month (1000 x 60 = 60,000).
● Vacations -
The average cost of a 10-day annual domestic family vacation is estimated to be around 45,000 x 5 years = 2,25,000.
The Costs for a child during Middle School (8 - 13 Years)
|
Particulars |
Approx Amt (In Rs)
|
| Education
|
339,025 |
| Extra-curricular activities in school
|
180,000 |
| Clothes
|
175,000 |
| Games/Toys/books
|
125,000 |
| Pocket money
|
60,000 |
| Vacations
|
225000 |
| Uniforms & text books
|
82,000 |
| Laptop
|
25,000 |
| Total
|
12,11,025 |
Let’s examine a few key expenses for a child during middle school
As the child has grown up, nanny and daycare expenses aren’t taken into account. Still, other costs like – pocket money, gadgets for your child, recreation will become part of the family budget.● Education -
The average of school fees calculated based on top schools in Gurgaon, Indore and Malad is around Rs. 3,39,025.
● Extra curricular activities -
Extracurricular activities cost around Rs. 3000 per month, which equals 36,000 per year x 5 years = Rs.1,80,000.
● Clothes/Toys/Games/Books -
Clothes cost 35,000 per year (35,000 x 5 = 1,75,000); Games/books/toys range around 25,000 per year (25,000 x 5 = 1,25,000);
● Vacations -
The average cost of a 10-day annual domestic family vacation is 45,000 per vacation per year x 5 years = 2,25,000.
The Costs for A Child During High School (13 - 18 Years)
| Particulars
|
Approx Amt (In Rs)
|
| Education
|
277,898 |
| Extra-curricular activities in school/tuition
|
384000 |
| Clothes
|
175,000 |
| Games/Entertainment
|
125,000 |
| Pocket money
|
120,000 |
| Vacations
|
225,000 |
| Textbooks and uniforms
|
82,000 |
| New laptop and mobile phone
|
30,000 |
| Total
|
14,18,898 |
Let’s examine a few key expenses during college
Apart from school fees, you also have to pay for coaching classes, competitive exams, educational consultancies, etc. These are the tumultuous teen years. You can expect your child to be influenced by peer pressure – demanding designer clothes, expensive gadgets, outings with friends, and more.● Education -
The average of school fees calculated based on top schools in Gurgaon, Indore and Malad is around Rs. 2,77,898.
● Uniforms and Textbooks -
Calculated based on standard rates is 16,400 per year, which is 16,400 x 5 = Rs. 82,000.
● Extra curricular activities and Special Classes -
Extracurricular activities cost around Rs. 3000 per month, which equals 2,16,000 for 6 years. Special coaching for Class X at Rs. 300 per hour for 7 subjects twice a week costs 16,800 per month, which equals Rs. 1,68,000 for one year. Total cost = 2,16,000+1,68,000 = 3,84,000.
● Gadgets -
Average cost of a laptop and an entry-level mobile phone is estimated to be around Rs. 30,000
The Costs for A Child During College (18 - 21 Years)
The expenses at this stage depend on your child's interests. It is not possible to predict your child's passions – 5, 10, or 15 years down the line.We have calculated the expenses at this stage for two streams:
| COMMERCE | |
|
Particulars |
Approx Amt (In Rs)
|
| College - Graduation (3 years)
|
18,000
|
| Special Coaching and Extracurricular
|
86,000
|
| Clothes
|
105,000
|
| Games/Entertainment/gadgets
|
90,000
|
| Pocket money
|
126,000
|
| Text Books
|
10,500
|
| Vacations
|
180,000
|
| Total
|
615,500
|
or
| Medicine | |
| Particulars
|
Approx Amt (In Rs)
|
| MBBS – The first three years of the course
|
4,200,000 |
| Clothes
|
105,000 |
| Games/Entertainment
|
90,000 |
| Pocket money
|
126,000 |
| Books (assuming second hand/open-source online books)
|
60,000 |
| Vacations
|
100000 |
| Total
|
4,681,000 |
Let’s examine a few key expenses in this stage.
● College Fees -
For commerce, this is estimated to be around Rs 6000 per year, which is Rs.6000 x 3 = Rs.18,000. For MBBS, the fees is around 42,00,000 for the first three years of the course.
● Special Coaching and Extracurriculars for Commerce Stream
- This includes GRE/GMAT coaching which includes registration fees (15,000), coaching (30,000), and books (5000) bring the total cost to Rs.50,000. The extracurriculars cost Rs. 3000 per month (3000 x 12 = 36,000); Total = 86,000.
Post-Graduation Expenses ( 21 - 23 Years)
We have calculated the costs for two streams: MBA at a premier institute in India and MBBS. Note that if your child dreams of overseas higher education, it could cost you anywhere from around 40 lakhs to more, depending on the country and the course chosen.| MBA – Commerce Stream | |
| Particulars
|
Approx Amt (In Rs)
|
| Higher education – MBA in India
|
2,000,000 |
| Student exchange
|
600,000 |
| Pocket money
|
192,000 |
| Vacation
|
100,000 |
| Total
|
2,892,000 |
|
MBBS (Final Two years of the course + Internship) |
|
| Particulars
|
Approx Amt (In Rs)
|
| MBBS for 2.5 years including internship
|
6,437,500 |
| Books (assuming second hand/open source online books)
|
50,000 |
| Pocket money
|
240000
|
| Vacation
|
100,000
|
| Total
|
6,827,500 |
Don’t forget to Factor Inflation!
When planning for a child, parents-to-be often forget to factor in the cost of inflation. This can upset the planning quite a bit. To give an example, the current higher education costs for an MBA at a premier institute in India stands at Rs. 2,892,000. Let's say, you have a newborn in your family. Factoring in inflation at a rate of 5%, by the time your child reaches 21 years, the cost of the MBA degree would have shot up to Rs. 9,326,989, nearly 3.5x times the current fees.
Here’s a quick chart illustrating the costs of the child at various stages factoring inflation:
| Total Costs of Raising a Child
|
Commerce Stream
|
Science (MBBS) Stream
|
| In 2019 (Without including inflation)
|
8,313,689
|
22,364,689
|
| In 2042 (With Inflation)
|
20,084,919
|
67,256,774
|
Start by calculating the financial needs of your child using the tables given above. Once you have an idea of how much it costs start saving and investing for your child's future.
With the right financial planning, you can enjoy the joys of parenting without continually being overshadowed by financial worries.
Key Takeaways
- A child definitely brings immense joy, but along with it is an additional financial responsibility for which you need to pre-plan accordingly.
- Right from the time a baby is born to a phase of adulthood, the cost of raising a child only increases. Therefore, you need to make sure that you have everything covered.
- In short, you have to take into account every cost to be incurred at all life stages of your child. This includes prenatal care, delivery charges, infant, toddler, school expenses, college fees, and post-graduation expenses. These can be categorized into standard needs.
- Apart from these, you may have to fulfill demands like an expensive gadget, clothes, trips with friends, etc. While doing cost analysis, parents should factor in the cost of inflation so that their efforts do not go haywire.
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You shall not (a) copy (whether by printing off onto paper, storing on disk, downloading or in any other way), distribute (including distributing copies), download, display, perform, reproduce, distribute, modify, edit, alter, enhance, broadcast or tamper with in any way or otherwise use any Materials contained in the Website. These restrictions apply in relation to all or part of the Materials on the Website; (b) copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; (c) remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.
No Warranty
Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.
No Liability
This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.
The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.
Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.
The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.
Manner of Use of Personal Information
All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.
Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,
You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.
Use of Website in India
This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.
Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.
In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.
You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.
Third party websites
This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).
USE of APP
In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.
Postings and monitoring
The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.
Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.
We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.
If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com
Use of Cookies
You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.
Facilities Changes and Discontinuation
The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.
ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.
Compliance with the Law
You agree that you will not:
- Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
- Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
- Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
- Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
- You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.
Restrictions on Commercial Use or Resale
Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.
No Endorsements
All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.
Promotional Offers
You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.
Charges for use of Website
There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).
No Endorsement
You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.
In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.
Electronic Communications
These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.
Assignment
You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.
Legal Disclaimers
The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.
The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.
Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.
No Solicitation
No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.
The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.
Statutory Disclosure
ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
Force Majeure
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
Indemnification
You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
No Waiver
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Exclusive Agreement
You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.
Termination
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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