Is it safe to invest through Scripbox?
The mutual funds are held in your name and all the details are available to you. So in case something happens to Scripbox, you can deal directly with the mutual fund company. It may not be as easy as doing it via Scripbox but your investments are completely safe.
Yes, it is quite safe. All of these online service providers like Scripbox and Goalwise are safe because ultimately your money is getting invested into mutual funds which will confirm you directly that your transactions have been processed.
As per the SEBI regulations we are registered under AMFI. However, we are regulated as per the SEBI's guidance.
We earn a small fee from the mutual fund companies for the additional services we provide to our investors. The amount of commission earned by Scripbox is available on the Disclosures page of our website. We don't charge any fees to our customers. There are no hidden charges.
In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform with a focus on mutual funds. During the time of the merger, Upwardly had assets under management (AUM) of Rs. 250 crore.
A Direct plan is what you buy directly from the mutual fund company (usually from their own website), whereas a Regular plan is what you buy through an advisor, broker or distributor (intermediary).
Fundsindia recommends one portfolio and it gets executed during the tenure. Scripbox offers a diversified portfolio of mutual fund, which has equity, debt and tax savings. If you do not have time, but want experts to manage your portfolio, scripbox works better for you.
Atul Shinghal - Founder and CEO - scripbox | LinkedIn.
At present, Scripbox has close to 70,000 active customers who have made average investments of Rs 7 lakh through the instruments offered by the platform. By 2025, the company looks to scale its total user base to 200,000, Shinghal told ET.
Is Groww SEBI registered? Yes, Groww is a SEBI registered Stockbroker in the name of NextBillion Technology Private Limited.
How much does Scripbox cost?
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Commission Rates.
| AMC Name | SBI Funds Management Private Limited |
|---|---|
| Equity funds | 0.35%-1.45% |
| ELSS funds | 1.05% |
| Debt funds | 0.05%-1.30% |
Fundsindia recommends one portfolio and it gets executed during the tenure. Scripbox offers a diversified portfolio of mutual fund, which has equity, debt and tax savings. If you do not have time, but want experts to manage your portfolio, scripbox works better for you.
| Rank | Mutul Fund Sites |
|---|---|
| 1 | Economic Times |
| 2 | Value Research Online |
| 3 | Moneycontrol |
| 4 | Invest Guru |
| Fund Name | Monthly Investment | 3 years Return |
|---|---|---|
| HDFC Balance Advantage Fund | 5000 | 14.39% |
| ICICI Prudential Bluechip Fund | 5000 | 19.41% |
| Kotak Standard Multicap Fund | 5000 | 14.15% |
| Motilal Oswal Focused 25 Fund | 5000 | 20.01% |
