Terms and Conditions for Smart Invest (Algorithmic Trading)
Effective Date: 26th October, 2026
These Terms and Conditions (“T&C”) apply to Your use of the Smart Invest feature (“Smart Invest”) on the Platform. By subscribing to any Smart Invest strategy through the Platform, You agree to be bound by these T&Cs, master Terms of Use, Privacy Policy, and all other applicable policies of the Platform. These T&Cs are in addition to all existing terms and conditions with NU. If these T&Cs conflict with your other T&Cs, these T&Cs will supersede limited to your use of Smart Invest. The terms not defined herein shall be read in conjunction with the other terms or as defined therein.
1. Definitions
1.1. Algorithmic Trading – Refers to a method of executing orders using automated and pre-programmed trading instructions and logics that account for variables such as time, price, and volume.
1.2. Smart Invest – is a facility provided by the Platform that allows users to subscribe to pre-defined algorithmic trading strategies (“Strategies” or “Strategy”). These Strategies automatically generate and execute buy/sell orders based on specific market parameters.
2. Strategy Subscription
2.1. Smart Invest is only available to Users who have executed and submitted a valid Demat Debit and Pledge Instruction (“DDPI”) with NU.
2.2. Subscription to any Smart Invest Strategy is subject to availability of slots. The Platform reserves the right to cap the number of users per Strategy.
2.3. To invest in a Strategy, You must maintain a minimum “Invested Value” as specified on the Strategy asset page.
2.4. To ensure the Strategy remains active and authorized for execution, the User must login before the start of the next trading day. Failure to login will result in the Strategy remaining inactive for that trading day.
2.5. The User expressly acknowledges that regular login is a prerequisite for Strategy execution, and NU shall bear no responsibility or liability for any missed trades, opportunity losses, or adverse impact on the User’s P&L arising from the User’s failure to log in within the prescribed window.
2.6. Based on historical backtest results, the most optimal performance for the provided Strategies is observed when a user stays invested for a minimum continuous period of 3 (three) months. While users may exit at any time, results over shorter durations may vary.
3. Nature of Algorithmic Trading
3.1. By activating a Smart Invest Strategy, You authorize the Platform to automatically initiate, modify, or cancel orders on Your behalf based on the Strategy’s logic.
3.2. Strategies utilized within Smart Invest are based on mathematical models and historical data. Past performance is not indicative of future results. The Platform does not guarantee any profits or protection against losses resulting from the use of Smart Invest.
4. Wallet Management
4.1. If your wallet balance drops below the required maintenance margin, the Strategy may be automatically paused. To resume, You must add funds to meet the “Invested Value” requirement.
5. Pricing / Fee
5.1. By using Smart Invest, you acknowledge and agree that a flat brokerage fee of INR 20 (Rupees Twenty) will be levied per executed order. This fee is mandatory and applies universally, superseding any active brokerage waivers or subscription plans (such as the Infinity Plan) the User may be part of.
6. Strategy Modification and Termination
6.1. You may stop a Strategy at any time through the “Ongoing” tab. Upon clicking “Stop Strategy,” the Platform will square off all active positions related to that Strategy at the prevailing market price.
6.2. Realized gains or losses upon stopping a strategy will be settled in Your main wallet as per standard Exchange settlement cycles i.e. T+1. Your existing profit or loss will be booked if the strategy is stopped due to the minimum Invested Value not being maintained.
6.3. The Platform reserves the right to suspend or terminate any Strategy or Your access to the Smart Invest feature for regulatory compliance, system maintenance, or risk management reasons.
7. Regulatory Compliance
7.1. All Strategies offered under Smart Invest comply with applicable SEBI, NSE, and RA Regulations. The Platform ensures that all algorithmic trading facilities are provided in accordance with the frameworks prescribed by the relevant regulatory authorities and stock exchanges.
8. Smart Invest Subscription
8.1. In addition to the Fee prescribed under Clause 5 above or any other Fees depending on the services You are undertaking from NU, the Platform may also charge a recurring subscription fee on select Strategies made available under Smart Invest (“Subscription Fees”). The Subscription Fees are assessed on a per-slot basis. By subscribing to or activating a Strategy that carries a Subscription Fee, You hereby authorize the Platform to automatically debit the Subscription Fees and applicable taxes from Your wallet at every subsequent Billing Cycle.
8.2. To successfully subscribe to a Strategy which requires Subscription Fees, You must maintain a total available balance equal to or exceeding the sum of the minimum investment amount, the Subscription Fee, and applicable GST:
Required Balance = Minimum Investment Amount + Total Subscription Fee + GST @ 18%
8.3. If Your available balance is less than the Required Balance at the time of subscription, You must deposit the shortfall to meet the Required Balance to proceed with and execute the Strategy allocation. Strategy allocation will proceed only upon successful receipt and settlement of the Required Balance.
8.4. Subscription Fees are charged on a rolling 30-calendar-day validity period (“Billing Cycle”), calculated on an absolute time basis irrespective of the trading hours, market holidays, or weekend closures. For example: A subscription activated on Date D at any time of day remains valid until 23:59:59 IST on Date D + 29. The subsequent recurring charge shall become due on Date D + 30 at 00:00:01 IST.
8.5. The total fee debited from Your wallet for each Billing Cycle shall be calculated as:
Total Subscription Fee = (Subscription Fee per Slot × Number of Booked Slots) + Applicable GST
(Goods and Services Tax is levied at the statutory rate of 18% or as applicable under Indian tax laws.)
8.6. In the event that Date D + 30 is reached and You hold an active open position and there is insufficient capital in your wallet, the Total Subscription Fee shall be debited immediately after the Strategy executes the sell order to exit or close the position. The Platform will issue automated reminders via app notification, SMS, or email to maintain sufficient funds for deduction of Total Subscription Fee. When You stop or terminate an active Strategy via the Platform interface, all active positions will be squared off pursuant to Clause 6.1, and all recurring subscription auto-debits for that Strategy shall immediately cease for subsequent Billing Cycles.
8.7. All Subscription Fees and associated GST debited under this Smart Invest Subscription are strictly non-refundable under all circumstances. It does not constitute capital deployed in market positions and shall not be factored into, deducted from, or reflected in Your trading Profit & Loss performance calculations or contract notes for underlying security trades. Within 24 hours of every successful Subscription Fee debit (initial and recurring), an automated GST tax invoice will be generated and dispatched to Your registered email address.
8.8. Users are strictly prohibited from increasing their investment or adding additional capital to an ongoing and active Strategy. Any modification to capital allocation requires the complete stoppage of the existing Strategy run and the initiation of a new allocation cycle.
9. Force Majeure
9.1. The Platform shall not be liable for any failure or delay in performance due to circumstances beyond its reasonable control, including but not limited to acts of God, war, riot, embargoes, acts of civil or military authorities, fire, floods, pandemic or epidemic, accidents, service interruptions resulting from software/hardware failures, or systemic failures of the Stock Exchanges.
10. Limitation of Liability and Indemnity
10.1. NU shall not be liable for any losses arising from but not limited to technical failures, network latency in order placement, software bugs, model errors within the Platform or rejection of orders by the Exchange’s risk management system.
10.2. You agree to indemnify and hold NU harmless against any claims, losses, or damages arising out of your use of Smart Invest or breach of these T&Cs.
11. Grievance Redressal
11.1. In case of any dispute or grievance regarding Smart Invest, You may contact our support team at [email protected].
12. Acknowledgement
12.1. By clicking “Invest Now” within the Smart Invest portal, You confirm that You have read the Risk Disclosure documents for F&O and understand that using the Smart Invest feature involves a high risk.
13. Other Terms
13.1. NU reserves the right to modify, update, change, or discontinue the Smart Invest and these T&Cs at any time without advance notice. Your acceptance of the amended T&Cs or continued usage of Smart Invest will signify Your consent to the changes and agreement to be bound by the same.
