Why do I need to invest using my child’s bank account for my child’s investments?
As per the SEBI regulations, a guardian can invest in a minor’s account only using the minor’s bank account. Also note that, The guardian of the minor’s bank account & guardian of minor’s Scripbox account has to be one &...
How do I create a Scripbox account for my child who is a minor ?
You can create a Scripbox account for your child/minor by clicking on “Add a Family Member” in your Scripbox account. Please note: For your child’s account you will have to provide bank account details which are in your child’s name . The guardian...
How is Scripbox Portfolio Scan different from ‘Rebalancing’ feature you had earlier?
Rebalancing was the periodic process of aligning your portfolio to Scripbox recommendations by exiting funds we no longer recommend and reinvesting the amount you get into the current set of funds. Every time you exited a fund, we ensured that...
How do I modify my investment?
Please find the steps to modify your scheduled investment instruction below: Monthly Investment (SIP): Login to your Scripbox accountClick on Investment CalendarSelect the offering for which you want to modify the investmentClick on SIP DetailsClick on ModifyEnter the amount & click...
How to skip my investment?
Please find the steps to skip your scheduled investment below: Login to your Scripbox accountClick on Investment CalendarSelect the offering for which you want to skip the investmentClick on SKIPConfirm skip by clicking on SKIP FOR {MONTH}
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What taxes do NRI have to pay?
Tax Rate: Tax on Short Term Capital Gains (STCG) from Debt (non-equity) mutual funds : Based on your income tax slabTax on Long Term Capital Gains (LTCG) from Debt (non-equity) mutual funds: 20% with indexation benefitTax on Short Term Capital...
Can an NRI use a NRE bank account?
Yes. NRE accounts are Indian rupee accounts that are freely repatriable to your foreign bank account at any time. Interest earnings in NRE accounts are not taxable in India. If you are a tax resident in India, we recommend you...
Can an NRI use a NRO bank account?
Yes. NRO accounts are Indian rupee accounts that function much like resident savings accounts. Interest earnings in NRO accounts are taxable in India. Repatriation upto USD 1 million (check this) per year are permitted from NRO accounts. If you are...
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