What’s new at Scripbox?

Modified on Thu, 14 Nov at 12:41 PM

Loan against mutual funds.

Here are a few new features that you can explore -

Loan is in the form of an Overdraft facility.
Interest is charged only on the amount utilised and for the period it is utilised.
Instant withdrawal/ payment of amount within the limit.
No Foreclosure/ Pre-payment charges.
Ideal choice for meeting unplanned short-term expenses like medical emergency, house renovation, holiday etc.
You should download the Mobile App using this link.
You will need to provide all device permissions while installing the Mobile App.
Sign up with an email & mobile number registered with RTAs.
Investments should be in Single name or joint with “Either/ or” mode of holding.
Tax Saver Funds, Close Ended Funds cannot be lien marked.
Provide bank account number enabled with net banking facility.

Unified Portfolio

Unified Portfolio + Financial Plan
Instead of having a separate plan & portfolio for each goal, you’ll have one unified portfolio and a single financial plan with multiple goals.

This change is driven by our clients’ growing wealth and increasing financial knowledge. The unified approach is more effective for managing your wealth than the previous goal-based portfolios.

Why is this better?

Simplified Risk Management: A single portfolio is easier to align with your risk profile.
Streamlined Investments: One SIP for all your goals
Fewer Fund Accounts: You’ll have fewer fund accounts to manage.
Holistic Planning: Easier to consider your family’s wealth outside of our platform when planning your financial goals.
Efficient Withdrawals: Once a goal is achieved, you can withdraw more efficiently from your total wealth, rather than from individual buckets.
Effective Portfolio Management: Activities like portfolio reviews, asset allocation, and rebalancing can be done more effectively.
Greater Flexibility: You have more flexibility in changing, adding, or removing goals.

Direct Plan Subscription

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: 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.

You can know more about the direct plan here.