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DPDP Compliance Statement – Farcon Wealth

Effective Date: 29 July 2026

Farcon Wealth (“we”, “our”, “us”) is committed to complying with the provisions of the Digital Personal Data Protection Act, 2023 (DPDP Act). This statement outlines how we process personal data in accordance with applicable law.

1. Role as Data Fiduciary

Under the DPDP Act, Farcon Wealth acts as a Data Fiduciary, determining the purpose and means of processing personal data collected through its website and services.

2. Personal Data We Process

We process personal data necessary for providing our services, including:

  • Identity details (Name, PAN, DOB)
  • Contact details (Mobile number, Email, Address)
  • Financial and investment information
  • KYC-related data (as per SEBI/AMFI requirements)
  • Technical data (IP address, device details, cookies)

 

We ensure that only data necessary for specified purposes is collected (data minimization principle).

3. Purpose of Processing

Your personal data is processed only for lawful purposes, including:

  • Facilitating mutual fund investments
  • KYC verification and regulatory compliance
  • Transaction processing and servicing
  • Communication and support
  • Fraud prevention and security

 

We do not process personal data for any purpose incompatible with these objectives.

4. Consent Mechanism

We obtain free, specific, informed, and unambiguous consent before collecting personal data Consent is obtained via website forms, digital onboarding flows, or explicit opt-ins Users have the right to withdraw consent at any time

5. Notice to Data Principals

At the time of data collection, we provide clear notice regarding:

  • What data is being collected
  • Purpose of processing
  • How to exercise rights
  • Grievance redressal mechanism

6. Rights of Data Principals

Under the DPDP Act, you have the right to:

  • Access information about your personal data
  • Correction & Erasure of inaccurate or outdated data
  • Withdraw consent at any time
  • Grievance redressal
  • Nominate another individual to exercise rights in case of incapacity or death

 

Requests can be made via the contact details below.

7. Data Retention & Erasure

Personal data is retained only as long as necessary for:

  • Service delivery
  • Regulatory compliance (SEBI, AMFI, Income Tax, etc.)
  • Data is securely erased when no longer required, unless retention is mandated by law

8. Data Security Safeguards

We implement reasonable security safeguards, including:

  • Encryption and secure storage
  • Access control mechanisms
  • Regular system monitoring
  • Vendor due diligence

 

We take appropriate measures to prevent data breaches and unauthorized access.

9. Data Breach Notification

In the event of a data breach: We will notify the Data Protection Board of India as required Affected users will be informed if there is a risk to their rights or interests

10. Data Sharing & Transfers

We may share personal data with:

  • Asset Management Companies (AMCs)
  • Registrar & Transfer Agents (RTAs)
  • KYC Registration Agencies (KRAs)
  • Payment gateways and banking partners
  • Regulatory authorities

 

Cross-border data transfers, if any, will comply with government-notified restrictions under the DPDP Act.

11. Children’s Data

We do not knowingly collect data from individuals below 18 years If such data is identified, it will be deleted promptly

12. Grievance Redressal

We have appointed a Grievance Officer to address concerns related to personal data.

Grievance Officer Details:

 

We aim to resolve complaints within the timelines prescribed under applicable law.

13. Significant Data Fiduciary (If Applicable)

If notified as a Significant Data Fiduciary, we will comply with additional obligations, including:

  • Appointment of a Data Protection Officer (DPO)
  • Independent data audits
  • Data Protection Impact Assessments (DPIA)

14. Updates to This Statement

We may update this DPDP Compliance Statement periodically. Changes will be posted with a revised effective date.

15. Contact Us

For any queries or concerns regarding this Privacy Policy:

Farcon Wealth 4th Floor, Unison Tower, Atal Path, Near Rajeev Nagar Crossing, Patna, Bihar- 800013.

connect@farconwealth.com
9771348560