Scripbox Mutual Fund Safety: Invest With Confidence

Scripbox is an online platform that provides advisory services and helps with investment planning for individuals interested in achieving financial goals through mutual funds. Founded in 2012, Scripbox has established itself as a trusted platform for Indians who are unsure about investing in mutual funds and other related schemes. It helps investors at each step, from setting financial goals to guiding them through the steps to achieve them. The platform offers pre-determined plans, such as child plans, retirement, or becoming a crorepati, or allows users to create their own. Scripbox also provides a range of tax-saving insurance options and allows users to monitor their savings and obtain funds easily through their account. In terms of security, Scripbox employs bank-grade security controls for all transactions, with encrypted login credentials and immediate email and SMS notifications for every transaction.

Scripbox's fees and the value of their service

Scripbox is a mutual fund investment platform that has been helping families achieve financial freedom since 2012. The platform offers both regular and direct funds, with no fees or hidden charges for investors. Scripbox earns a small fee from mutual fund companies for providing additional services to its investors.

The value of Scripbox's service lies in its scientific investing approach, which is aligned with customers' goals and risk management strategies. The platform offers 8 am to 8 pm customer support by phone, email, and chat. One of its standout features is the ability to provide personalised investment plans, allowing users to plan for their family's goals, get tailored investment recommendations, track progress, and take corrective action.

Scripbox also simplifies the often complex world of investing by selecting the best funds, monitoring them, and periodically rebalancing them. This hassle-free approach offers complete peace of mind to investors, especially those seeking a straightforward, stress-free experience.

The platform is trusted by over 1 lakh Indians and provides end-to-end service for investment. Scripbox's recommended funds have outperformed the market in 9 out of 13 periods, demonstrating the effectiveness of their investment strategies.

In summary, Scripbox's fee structure is transparent and investor-friendly, with no direct charges to its users. The value of their service lies in making investing accessible, simplified, and goal-oriented, thus helping families achieve their financial aspirations.

Scripbox's selection criteria for mutual funds

• Focus on growth options: Scripbox focuses on selecting mutual funds that offer growth potential, while also considering tax efficiency.
• Elimination of small funds: Small funds are more susceptible to redemption pressure, so Scripbox avoids including them in their recommendations.
• Discarding funds without a 4-year track record: Short-term performances can be misleading, so Scripbox only considers funds with at least a 4-year track record.
• Evaluation of performance consistency: Scripbox evaluates mutual funds based on the consistency of their performance over time.
• Annual reviews: Scripbox conducts annual reviews of the recommended funds to ensure their continued health and performance.
• Active portfolio management: Scripbox uses algorithms to monitor the performance of recommended funds and identify any bad performance or danger signs.
• Tax-optimised withdrawals: Scripbox helps investors minimise the impact of exit loads and capital gains taxes when withdrawing from mutual funds.

Scripbox also provides a range of tools and resources to help investors make informed decisions, such as the Scripbox Portfolio Scan, which helps investors determine which funds to exit and when to reinvest. Additionally, Scripbox offers both regular and direct fund options, allowing investors to choose the approach that aligns with their financial goals and risk tolerance.

Scripbox's security and safety

Scripbox is a safe and secure platform for investing in mutual funds. Here are some key points regarding Scripbox's security and safety:

• Scripbox is a well-established company that has been in operation since 2012, with a mission to help families achieve financial freedom. This long-standing presence in the industry indicates a level of stability and trustworthiness.
• Scripbox offers a secure and transparent investment process. It is regulated by the Securities and Exchange Board of India (SEBI), the governing body for mutual funds in India. SEBI sets guidelines and regulations to protect investors' interests and ensure transparency in the functioning of mutual funds.
• When investing through Scripbox, your money never passes through their accounts. It moves directly from your bank account to the mutual fund's bank account. Scripbox simply facilitates and monitors this transfer according to your instructions.
• Scripbox uses a Geotrust certificate to secure its website. This adds an extra layer of security to your personal information and ensures a safe connection.
• Scripbox provides a single point of contact for all your needs across different fund houses. They take care of important and time-consuming tasks, such as helping you change your address, nominees, or bank accounts.
• Scripbox offers a hassle-free and paperless investment process. You can invest in mutual funds online through their website or app, making the entire experience convenient and secure.
• Scripbox provides clear and transparent information about the fees associated with their services. They do not charge any hidden fees, and you can find details about the distribution fees on their website.
• Scripbox offers a comprehensive set of tools and resources to help you monitor your investment performance. This includes access to investment history, performance reports, tax-saving statements, and investment gains statements.
• Scripbox provides a unique folio number for each investor, which helps in tracking and maintaining records of transactions and holdings within the fund.
• In the unlikely event that Scripbox ceases operations, your investments are still safe. The mutual funds are held in your name, and you can deal directly with the mutual fund company. While it may not be as convenient as using Scripbox, your investments are protected.

Scripbox's role in facilitating transactions

Scripbox is a digital wealth management platform that helps people manage their money for the long term. It is a registered investment advisor (RIA) and also holds an MFD (mutual fund distribution) licence. The platform offers both regular and direct funds.

• Spreading out client wealth into multiple portfolios aligned with their purpose.
• Designing the right asset allocation for each purpose-aligned portfolio and managing risk.
• Evaluating the investment landscape and identifying good investment managers.
• Providing a convenient mechanism for clients to execute investments.
• Tracking investments and making periodic interventions if required.
• Ensuring completion of investment journeys by managing customer emotions.

Scripbox's services include:

• Aggregating and consolidating data from multiple sources and providers.
• Offering a self-serve app-based financial planning tool.
• Providing an integrated view of cash flows, assets, liabilities, and net worth.
• Financial health ratios analysis.
• Financial goals planning.
• Life and health insurance planning.
• Customised financial planning.
• Mutual fund analysis, rating, and recommendations.
• Periodic mutual fund portfolio review and rebalancing.
• Advisory on existing investments.
• Advisory portfolios from third parties.
• Distribution/execution services for other investment products, such as international stocks, fixed deposit schemes, and national pension schemes.
• Insurance needs analysis.
• Term life, health, and auto insurance policy recommendation and purchase.

Scripbox also provides customer support via phone, email, and WhatsApp, with queries and requests being responded to within 24 hours.

Scripbox's account requirements

Scripbox is an online service that helps investors achieve their life goals. It offers both regular and direct mutual funds, with the aim of making it easy for people to plan for their family's goals, get personalised investment recommendations, track progress and take corrective action.

To create a Scripbox account, you will need to provide either your mobile number or email address. By signing up, you agree to Scripbox India Pvt Ltd's Terms of Use and Privacy Policy, which outlines how your data is handled.

Once you have an account, you can start investing in mutual funds. The minimum investment amount is INR 500, and there is no cap on the maximum investment. You can invest a lump sum amount or through Systematic Investment Plans (SIPs) with periodic investments. Scripbox offers a completely paperless and hassle-free investment process, so you can invest in mutual funds from the comfort of your home.

Scripbox also provides customer support from 8 am to 8 pm by phone, email and chat to help you with any queries or issues you may have.

Frequently asked questions