Benefits for Regular & Direct (Individual) Plans
#1: Unbiased fund recommendations
We use a rule based algorithm to rank the entire universe of mutual funds and then recommend 22 funds in 14 curated categories - the ones we believe are the most relevant for individual investors. The rules ensure that any biases are eliminated.
We then publish the performance of our recommendations every year - good, bad or ugly. Our latest track record for FY'24 is publicly available here.
#2: Personalised portfolio construction
Picking the best funds in a category is not enough. Nor is investing in products recommended at random.
You need to invest in a manner appropriate to your goals, your financial position (including current investments) and your risk profile. We construct a portfolio which takes all of these into account, so that you can grow your wealth in a way that works for you.
#3: Continuous fund monitoring & exit alerts
The world is changing constantly and so does fund performance. We’ve been around long enough to know that a long term investing strategy has to be accompanied by continuous monitoring of a portfolio. Our algorithms do that for you and trigger alerts when you need to take action and exit a fund. We will also recommend where to re-invest that money.
#4: Comprehensive financial planning & goals
The primary reason we invest is to take care of our families’ future needs. Our financial planning tool is easily the best in the business giving you an actionable view of your financial future.
#5: Smart Withdraw™ algorithm to save tax
Rules for taxation of gains made on mutual fund investments are complex. Most of them work to your advantage though, if you know how, and take them into consideration before you make withdrawals from mutual funds. Smart Withdraw™ algorithm does this for you automatically.
#6: Convenient investing in 2000+ mutual funds
We partner with all the mutual fund companies - giving you the ability to invest in all of the 2000+ mutual funds. We are the only app where you have a choice of investing in both regular or direct funds.
#7: Detailed fund fact sheets with Scripbox opinion
Our research team reviews every fund category and mutual fund - creating an internal score which translates into investment worthiness for each fund. This is summarised in our easy to understand fact sheets. These fact sheets are superior to star ratings because they express our research view and not just the factual data.
#8: Risk profiling
Our two dimensional risk profiling algorithm uses both your ability to take risk (a matter of financial position) and your willingness to take risk (a psychological measure) to ensure that we recommend the most appropriate risk return combination to you.
#9: Right mix of equity/ debt/ gold/ US equity
Our portfolio construction combines these 4 asset classes—proven to have low correlations—to create a diversified portfolio for you. The asset allocation is a function of your objective, time to objective (Glide path) and your risk profile and serves to balance risk and return for you.
#10: Right number of funds
How many funds in your portfolio depends on the size of your portfolio and risk management. Too many funds create clutter and diffuse the impact of fund selection, while too few funds may lead to concentration risk. Our algorithms balance this with minimum investing thresholds imposed by fund houses to recommend the right number of funds to you.
#11: Algorithmic prompts for better investing
Investing is a long term process and we ease your way through this with prompts at different times to ensure that you take the actions you need to, when you need to.
#12: Capital gains reports for tax filing
When it’s time to file taxes, you get a consolidated capital gains report across all mutual funds to help make the process less painful for you.
#13: Track all investments, insurance & loans
Knowing where your money is makes it easy to plan for your future. With Scripbox, you can track all your mutual funds, stocks, FDs, EPFO, PPF, Insurance and loans. Our financial planning tool automatically picks these up and considers them for meeting your future goals and to identify gaps, if any.
#14: Transfer fund portfolios to Scripbox
You can also transfer all of your regular funds, wherever invested, to Scripbox so that you not only get a 360 degree view of your investments but also be able to use our advisory recommendations & transaction capability.
#15: Resident Indian, NRI & OCI accounts
Whether you’re a resident Indian, a non-resident NRI or an Overseas Citizen of India (OCI), you can use Scripbox for investing. What this means is that if and when your status changes, Scripbox will still be your trusted advisor.
#16: Available when you need us: 8 am to 8 pm, 7 days a week customer support
Last but perhaps the most important, we have a customer support team that’s available to you for any queries or help. We work extended timings: all seven days of the week and from 8 am to 8 pm.
Additional benefits for Family Plan
#17: Family accounts with unlimited members
We know that you’re also responsible for managing the wealth of your family and while investments are held by various family members, you can view, track & manage them from one single login.
#18: Multiple accounts per investor
An advanced feature used by HNIs, this enables you to segregate investments of a single family member into multiple buckets.
#19: Joint accounts
We are the only online service to support joint accounts (in any or survivor mode). Joint accounts make it easy to ensure that your family has access to your wealth.
#20: Minor accounts
Create an investing account for your minor children, accumulate wealth for them and when they are grown up, you can even split this account and let them manage it for themselves - confident that they’re getting the best advice.
#21: Family wealth tracking
Scripbox helps you track all of your family’s wealth in one place and consolidate it for viewing and planning purposes.
#22: Family financial plan
We recognise that wealth in Indian families is fungible and we pool it to meet family goals. Our financial planning, therefore, aggregates individual family member wealth while planning for goals.
Additional benefits for HNI plan
#23: Expanded range of products
As your wealth grows, additional financial products become relevant to you. We evaluate the suitability of products like PMS & Bonds and recommend the right ones when relevant.
#24: Tax planning for resident Indians
With larger wealth invested in multiple products & multiple income streams, tax planning can become complex. We will help you do this - every year.
#25: ESOP Advisory
While ESOPs create wealth, they also require decision making through their life cycle - when to exercise, how much to exercise, how to fund the exercise, whether to hold the shares, what are the tax implications of each action, etc. We help you understand your options and make the right decisions.
#26: Dedicated Advisor
With higher wealth, the range of solutions and decisions expands. Not all of these can be converted to algorithms and made available on the app. We match you with an experienced advisor who will go beyond the services available via the app.
#27: Periodic review of wealth
Our advisor will walk you through an analysis of your wealth, the decisions required, impact of decisions taken, etc in a periodic meeting. This will be done every three months via a video call.
Corporate Office : Indiqube @ The Leela Galleria 3rd Floor, No. 23, Old Airport Road, Bengaluru, Karnataka 560008
Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
© Scripbox Advisors Private Limited 2024
Financial Products and Services are provided by Scripbox Group Companies and third party service partners