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...
When is the right time to start investing?
The right time to invest is always “NOW”. To know more please read through the article: The Best Time To Invest Is When You Have The Money. https://youtu.be/lanUOXxMsuE
How investing with a goal/purpose is different from investing in mutual funds?
Having a clear purpose for investing is critical to investing successfully. Setting a purpose gives you: Vision Motivation Focuses Organize So that you can make the most of your investment. For better understanding please read through the article: Purpose-based investments Vs. Investing for returns.
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Is Scripbox registered with SEBI?
As per the SEBI regulations we are registered under AMFI. However, we are regulated as per the SEBI’s guidance. Click here to view our AMFI certificate.
What is the value Scripbox is adding?
Scripbox helps you in 4 ways: Financial goal settingWe help you estimate the right future value of your financial goals. Personalised financial planningOur advanced tools help you create your personalised financial plan towards your goal. Right investments for your financial planWe help...
Why is Scripbox offering goal based investment?
Goal based investments are the most effective ways of achieving personal financial goals while ensuring that the investors can plan for regular investments and stay committed. At Scripbox we are always making changes to our offerings based on customer feedback...