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Terms of Use

Last updated: May 2025

Important: mcrux is not a SEBI-registered investment advisor. All analysis is educational only and does not constitute personalised investment advice. Please read Section 4 carefully.

1. Acceptance of Terms

By creating an account or using mcrux (“the Service”), you agree to these Terms of Use. If you do not agree, do not use the Service. The Service is operated by the mcrux team, reachable at info@mcrux.com.

2. Eligibility

You must be at least 18 years old and a resident of India to use the Service. By using mcrux you represent that these conditions are met.

3. What mcrux Does

mcrux parses your Consolidated Account Statement (CAS) PDF, analyses your mutual fund portfolio using algorithms and AI language models, and presents insights on holdings overlap, expense ratios, sector concentration, and portfolio composition. The Service is designed to help you understand your portfolio better — not to tell you what to buy or sell.

4. Not Investment Advice

mcrux is not a SEBI-registered investment advisor under the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.

All analysis, reports, and AI-generated narratives provided by mcrux are educational and informational only. They do not constitute personalised investment advice, portfolio management, or any regulated financial service.

Nothing on mcrux should be interpreted as a recommendation to buy, sell, or hold any specific security, mutual fund, or financial instrument.

Investment decisions involve risk. Past performance is not indicative of future results. Always consult a qualified, SEBI-registered financial advisor before making investment decisions.

5. Your Data and CAS Uploads

By uploading a CAS PDF you confirm that:

  • The CAS belongs to you or to a family member whose data you are authorised to upload.
  • You consent to us parsing and storing the holdings data to provide the Service.
  • You understand that holdings data will be sent to an AI model (Google Gemini or Anthropic Claude) as part of generating your analysis.

See our Privacy Policy for full details on how we handle your data.

6. Subscriptions and Payments

Plans

mcrux offers a free tier and paid plans (currently: Insight at ₹499 one-time, AI Pro at ₹2,999/year). Prices are inclusive of applicable taxes.

Payment

Payments are processed by Razorpay. By completing a payment you agree to Razorpay's terms of service. mcrux does not store your card or UPI details.

No refunds

All payments are final. We do not offer refunds, credits, or pro-rata cancellations. If you experience a technical failure that prevented you from accessing a paid feature, contact us at info@mcrux.com and we will resolve it in good faith.

Annual subscriptions

Annual plans do not auto-renew unless you explicitly opt in. We will email you before renewal is due.

7. Acceptable Use

You agree not to:

  • Upload CAS PDFs that do not belong to you or an authorised family member
  • Attempt to reverse-engineer, scrape, or abuse the Service
  • Share your account credentials with others
  • Use the Service to provide investment advice to third parties commercially
  • Use the Service in any way that violates applicable Indian law

8. Intellectual Property

The mcrux platform, codebase, design, and AI-generated reports are owned by mcrux. You retain full ownership of the data you upload. We do not claim any rights over your portfolio data.

9. Disclaimer of Warranties

The Service is provided “as is” without warranty of any kind. We do not guarantee the accuracy of analysis outputs — AI models can make errors, and fund data from third-party sources may be delayed or incomplete. Always verify important figures against your official CAS or AMC statements.

10. Limitation of Liability

To the maximum extent permitted by law, mcrux and its founders shall not be liable for any indirect, incidental, or consequential loss arising from your use of the Service or reliance on any analysis it produces — including any investment loss. Our total liability to you for any direct claim shall not exceed the amount you paid us in the 12 months preceding the claim.

11. Termination

You may delete your account at any time from the account settings page. We reserve the right to suspend or terminate accounts that violate these terms, with or without notice.

12. Changes to Terms

We may update these terms from time to time. We will notify you by email of any material changes at least 14 days before they take effect. Continued use of the Service after that date constitutes acceptance of the new terms.

13. Governing Law

These terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts of Mumbai, Maharashtra.

14. Contact

For any questions about these terms, email info@mcrux.com.